Saturday 16 March 2013

INQUIRER.net: PH economy good but could be better, says Japan official

INQUIRER.net
Philippine News for Filipinos
PH economy good but could be better, says Japan official
Mar 17th 2013, 00:43

DAVAO CITY—Despite the glowing economic numbers, the Philippines should push harder to improve its investment climate as it continues to lag behind neighboring Asian countries, a Japanese minister said here on Thursday.   In his assessment of the country's economic standing in the region, Minister Akio Isomata of the Japanese Embassy in Manila's economic section said the Philippines "cannot afford to be complacent" amid the outpouring of optimism over its standout growth rate of 6.6 percent in 2012.   "Yes, it's lagging behind. You cannot afford to be complacent in your current place. Of course, the economy is very strong now. The achievement, perfor...

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