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Decent housing is a human right

Among the many horrifying sights in our modern world is the sight of homelessness. Families and children living on the streets or under bridges; families squeezing into what passes for a house made of plywood and cartons near a canal or river, or even in the middle of a pile of garbage.

AMONG the most noted accomplishments of the previous Aquino administration were the high ratings it received from the three international credit rating agencies – Fitch Ratings, Moody’s Investor Service, and S&P Global Ratings. The Philippines was lauded as among the leading economies in our part of the world, second only to China. Because of the ratings, the country paid lower interest on its foreign loans. It also attracted foreign investments, although very much below the level of our neighbors in Southeast Asia.

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The Philippines’ gross domestic product (GDP) grew 7 percent in the second quarter of 2016, which makes the country the “fastest if not the second fastest” growing economy in Asia.

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