2008 growth drivers cited
Manila Bulletin - December 25, 2007
Services, tourism, mining, IT, infrastructure and property development sectors will be the main growth drivers in the investments arena next year, said Trade and Industry Secretary Peter B. Favila. Favila told reporters that year 2008 will be an equally good year as 2007, but refused to give projections on investments growth pending consultation with the National Economic and Development Authority. Favila, however, said the country’s competitiveness will be a main factor in investments growth next year. “On the whole, it is really the competitiveness issue,” Favila said. To further enhance the competitiveness of local firms, Favila said the DTI will continue to support the initiatives undertaken by the National Competetiveness Council whose vision is to establish a competitive Philippines by 2010 and instill the culture of excellence among Filipinos. Nonetheless, Favila sees greater private sector participation in the country’s infrastructure development projects. (BCM)
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