The Asian Institute for Strategic and Development Studies (AISDS) releases a research report proving that the Philippines can be an Asian power once again under the new leadership of President Rodrigo Roa Duterte.
An economic and political think tank based in Singapore, AISDS says business interests of foreign investors is “very high” in the Philippines. The data gathered by the institute from the day Duterte assumed office on June 1 to June 10 shows his approval rating has an upward trend.
“The Philippines, once politically and economically powerful in Asia during the late President Ferdinand Marcos’ leadership, can reach the same goal again under Mr. Duterte. The recent victory on sea disputes may hard to implement, but the country has achieved the highest level of moral victory that none other nation has even done before. All eyes of other nations, especially in South East Asia, are focusing on the Philippines and its new president right now”, the report said.
“If this trend continues, the country can benefit politically and economically. The Philippines’ strategic location and very long shorelines make it easier to transport all types of goods from and to other economic partner countries”, the report added.
The report, which was published on a Singaporean newspaper on Friday also said that Duterte’s fast action to curb crime and corruption is the main reason why investors are convinced to invest in the next coming years.
“More investors mean more jobs. And when people started to have good and steady jobs, economy will start to ease and the GDP will likely to increase. The Philippines currently is just second to China in the lists fastest growing economies in Asia. Philippines will do better in the coming years and will possibly overtakes China gradually”, the report said. /Jun Abaluz/
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