Malacañan Palace
21 May 2014

President Benigno S. Aquino III invited members of the ASEAN Business Club (ABC) to take advantage of the economic upswing the country is experiencing as a result of good governance the administration has committed itself to.

“No longer are we the sick man in Asia; we are now Asia’s bright spot — a viable destination for investments and tourists,” the President said.  This, he added, was a collective achievement of a people prepared to undertake the difficult task of reform.

The President also cited the credit rating upgrades the country received from the “Big Three” credit rating agencies, placing the country at investment grade or higher, lauding it as the fastest growing economy in Southeast Asia after China.

Present during the call were Chairman and CEO of the Ayala Corporation Jaime Augusto Zobel de Ayala, Group Chief Executive CIMB Group Sdn Bhd Dato Sri Nazir Razak of Malaysia and Finance Secretary Cesar Purisima.

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