SUMMARY
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The Philippines is hosting the World Economic Forum on East Asia, where it is expected to launch a high-profile bid to showcase its stellar economic growth before over 600 political and business heavyweights from around Asia and beyond. Once dubbed as Asia’s “sick man,” the Philippines is now the fastest-growing economy in the region, next only to China. For the first time in its history, the country won investment grade status in 2013 – an important vote of investor confidence. The Philippines has also shown marked improvement in the Global Competitiveness Index report of the WEF itself, jumping a total of 26 places since 2010. The WEF East Asia began on Wednesday, May 21, but President Benigno Aquino III will formally open the ceremony on Thursday, May 22, with a keynote on “PH: The next Asian miracle.”
Check our live blog on the WEF events on Rappler.
Watch the forum on PH: The next Asian miracle here.
Read the full story on Manila’s hosting on Rappler.
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