Philippines may reap gains from SEA Games despite hiccups

In the short term, the biggest impact of this year's SEA Games will be on tourism receipts.
In the short term, the biggest impact of this year's SEA Games will be on tourism receipts.PHOTO: REUTERS

MANILA - The Philippines is expected to post gains in new businesses, tourism receipts and prestige from hosting this year's edition of the South-east Asia Games despite teething problems that have cast a harsh light on the country's ability to put together big international events.

"There is the multiplier effect... that the market may be underestimating," said Mr Jomar Lacson, head of research at ATR Asset Management. He expects the SEA Games to give a slight bump to growth in the fourth quarter.

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A version of this article appeared in the print edition of The Straits Times on December 02, 2019, with the headline 'Philippines may reap gains from SEA Games despite hiccups'. Print Edition | Subscribe