Couse based his projection on the country’s ability to weather global headwinds. “Foreign investors that are already here in the Philippines or in Asia Pacific are already comfortable. We maintain the BPO industry will continue to grow but we need to diversify,” Couse said. The Philippine government is committed to accelerate infrastructure spending at 5.4 percent of the gross domestic product (GDP) for 2017 and further raise it to 7.2 percent by 2022. Such accelerated spending will translate to roads, bridges, public transport facilities, and airports, among others, that will boost economic activities.

Source: Manila Times March 21, 2017 16:18 UTC