Philippines: Looking To The Future
A Sponsored Section from the March/April 2008 Issue
In the first nine months of last year, the Philippine economy managed to post a 7.1 percent GDP growth, the highest in almost 20 years. As a result, investors have been lining up to join the dynamic developments. Yet analysts have indicated the Southeast Asian state needs seven years of at least 7 percent growth in order to improve the lives of 40 percent of Filipinos living in poverty. Will President Gloria Macapagal-Arroyo's succeed in fulfilling this target during her last two years in office until the 2010 elections, as well as tackling regional development and infrastructure issues? Strategic Media reports on a country eyeing up its promising future prospects.
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