Optimism grows in Philippines despite corruption
The Irish Times - Tuesday, July 10, 2012
ASIA BRIEFING: The government is also in a good position to provide stimulus to the economy because it does not need massive borrowings
THIS WEEK’S Asia Briefing comes from the Philippines, where the headline in the Philippine Daily Inquirer newspaper last week was “P-Noy bullish on economy”, a sign of how things are looking up since the top ratings agencies upgraded the Philippines lately.
The Philippines has one of the more frustrating economies in southeast Asia. On paper, the country should be wealthy, but it has never taken off as a tiger economy in the same way as….”