Manila, June 26 -- World Bank estimates show the Philippine economy will grow at a more rapid pace than Asia's other regional economic powerhouses, such as China and Malaysia, during the remaining half of the Duterte presidency, given the country's strong macroeconomic fundamentals and sustained implementation of fiscal and tax reforms, the Department of Finance (DOF) said in a statement on Wednesday.
Finance Undersecretary Gil Beltran said the World Bank's projections are anchored on the Philippines' solid external stance and "highly domestically driven" economy, which provides it "ample cushion" against external headwinds that are generally foreseen to slow down global growth this year.
"The Philippines is also expected to remain as an ...