Saturday, May 23, 2015Saturday, May 23, 2015
Asia
 

Philippines no longer 'sick man of Asia': Aquino

Published on May 21, 2014 4:28 PM
 
President Benigno Aquino of the Philippines arrives at Naypyitaw international airport to attend the 24th ASEAN Summit on May 10, 2014. The Philippines is no longer the "sick man of Asia", as it is now a "viable destination for investments and tourists", President Benigno Aquino said on Wednesday, May 21, 2014, during a courtesy call by the chief executives of South-east Asia's biggest companies. -- PHOTO: REUTERS

MANILA - The Philippines is no longer the "sick man of Asia", as it is now a "viable destination for investments and tourists", President Benigno Aquino said on Wednesday during a courtesy call by the chief executives of South-east Asia's biggest companies.

"No longer are we the 'sick man of Asia'; we are now Asia's bright spot - a viable destination for investments and tourists," he said as he received members of the Asean Business Club who are attending this week's World Economic Forum on East Asia.

"The Philippines has consistently bucked the global trend, with economic growth remaining high, and even surpassing our targets," said Mr Aquino.

 
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!

Videos