The Philippines is trumpetting its economic gains as the host of this year’s annual meeting of the Asian Development Bank in Manila. Finance Secretary Cesar Purisima told Rappler that his country is poised for sustained economic growth after fundamental reforms for good governance were set in place last year. He fielded criticism and said anti-corruption efforts are bearing fruit for an administration which has the support of the people. The Philippine stock market has performed well this year, breaking psychological barriers and emerging on several days as Asia’s best performer. Security is tight ahead of Wednesday’s opening.
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