I was really surprised receiving the news, that the Philippine economy moved to the fastest in Southeast Asia in the third quarter at 7.1 percent from a year earlier, coming just a little behind China's growth and surpassing projections.
I received these news while waiting at the airport in Manila for my flight back to Davao City.
Presidential Spokesman Edwin Lacierda commented it like this: "This was possible due to sustained confidence in the leadership of President Aquino and his administration, which has consistently equated good governance with good economics. The government has pushed to ensure this economic growth is felt by the broadest number of people!"
The German Ambassador for the Philippines, Dr. Joachim Heidorn, whom I interviewed just a little while ago, had the same opinion. By the way, the interview shall be published here soon.
Philippines - the fastest growth in Asean? I pray and I wish, it might not become a nine days fly... .
