THE PHILIPPINES, the former “sick man” of Asia, has fortified its economy, positioning it to weather storms engulfing the region’s vulnerable emerging markets and to snap back faster when global growth recovers.
“The Philippines is generally better placed than other economies because of its high level of reserves, which could help cushion the exchange rate volatility,” Shanaka Jayanath Peiris, the IMF representative in the country, said this month.
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Cebu
Mactan Condo, Cebu Real Estate
One
Manchester Place, One Pacific Residence, 8 Newtown Blvd
A Prime
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Raymund
Baroy
Property
Consultant, Megaworld Corporation
International:
+639065549505
Local:
09065549505
www.mactannewtown.net
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