Investment upgrade, faster growth expected in Philippines

The Inquirer:

The Aquino government has described 2012 as one of the best years ever for the Philippines with economic growth expected to surpass the targeted 5 to 6 percent and the stock market ending the year on a 38th record high, making it the second best performing market in Asia behind Thailand.

But 2013 promises to be even better, according to the CEOs of some of the country’s largest corporations who are already looking forward to even faster economic growth and the Philippines finally getting investment-grade status, which is expected to pave the way for more foreign investments to pour into the country.

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