A view of residential condominium buildings at a residential neighbourhood in Mandaluyong, Metro Manila, Philippines August 22, 2016. Last week, the government announced that the Philippines’ economy grew at 7 percent in the second quarter from a year earlier, its highest level in three years. When Duterte won the May presidential election, there were questions marks over how he would handle the economy – Duterte, who is nicknamed "the Punisher", has been unapologetic over unleashing the police on drug users and dealers. Domestic expansionJollibee Foods Corp, the biggest fastfood chain in the country, plans to open 200 more domestic stores this year. Supporters of Duterte say even as the long-term mayor of the southern city of Davao, where he earned his reputation for busting crime, he created the conditions for business to flourish.

Source: Thanhnien News August 22, 2016 23:03 UTC