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Business community bullish on Philippines: Acquino

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Press Trust of India Manila

Acquino, in his annual interaction with foreign correspondents here yesterday, said though the country is not insulated from the world economy, the business community is "bullish on our country".

He expressed confidence that the turnaround through inclusive growth witnessed over the last year would be maintained.

The Finance Secretary (equivalent to the Finance Minister) Cesar Purisima said the market buoyancy seemed to be even more than the guarded optimism of credit rating agencies.

He said areas like education, health and better terms for loans all point to a good financial scenario for the future.

Acquino discussed key policies and answered questions on foreign affairs, politics, the economy and social issues. He said their strategy was aimed at "revitalising the former sick man of Asia".

 

Earlier this week, the Philippines Government and Moro Islamic Liberation Front signed a peace agreement termed

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First Published: Oct 18 2012 | 2:05 PM IST

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