MANILA, Philippines – The Philippines is a star. Its stunning over 7% economic growth rate in the past 4 consecutive quarters stand out amid weak global recovery and the faltering performance of some neighbors in Asia.
But cracks remain: Jobs are still not enough for a labor force that’s constantly growing; poverty and hunger issues linger; key infrastructure projects are delayed, and; allegations of corruption undermine “Daang Matuwid” (straight path), the cornerstone of Aquinomics, which trumpets how good-governance translates to good-economics.
How will big numbers, like the gross domestic product (GDP), and the historic investment grade upgrades trickle down to those who need it the most? These are some of the topics and issues economic managers, top businessmen, investors, economists and watchers of Philippine’s performance tackled at the Philippine Economic Briefing, a twice-a-year get together of the country’s decision makers in the private and public sectors.
On Tuesday, September 17, Rappler’s business journalists Lala Rimando, Judith Balea, Shadz Loresco, Cherrie Regalado and Cecilia Cabiao were at the Philippine International Convention Center, Pasay City to provide a blow-by-blow account of the event.