SM Investments Corp. (PSE: SM) vice chair Teresita Sy-Coson has urged foreign investors to take a look at the Philippines, telling a conference of global expatriates that now was the best time to invest here.
Speaking at the 14th Global CEO Conference in Singapore, Sy-Coson said that over the last five years under President Aquino, the Philippines grew an average 5 percent as measured by the gross domestic product (GDP).
“We have had a remarkable improvement in governance. Our population is young (between the ages of 21 and 35) with a huge earning capacity and a large overseas Filipino working base that consistently send remittances to their families. This, in turn, helps our economy,” she said.
Source: Philippine Daily Inquirer