Filipino bizmen more optimistic for the country’s economy

Results from Grant Thornton International Business Report proved that Philippines are on the second spot in the list of the most optimistic business leaders.

The survey, which covered the first three months of 2013, was out on Wednesday from the accounting firm Punongbayn and Araullo and showed 90 percent of the Filipino businessmen have huge expectations for the country’s economy for the next 12 months. The number was 18 percent higher from last year’s last quarter.

Maria Lea Victoria Lara, Iloilo Business Club’s Executive Director said “it’s a manifestation of the influx of investments despite of the financial crisis experienced by our European and US markets”. She added that the Philippine government has been consistent with the President’s campaign of “Daang Matuwid”.

The country is only 8 percent behind Peru, which gained 98 percent optimism among its business leaders.

Philippines scored way above the global average of 27 percent and Association of Southeast Asian Nations average of 29 percent.

Lara further added that “daang matuwid” is being applied to business and other sectors that it becomes sweeping. She said most of the businessmen’s worry is the inconsistent change of policies from the government.

“Now, there is a feeling that the private sectors can really talk to our leaders and all national agencies are giving out their support to the mission of our president. There is that trust for our leaders”, she added.

The study also showed a massive jump in the global optimism score, which was only 4 percent the previous quarter. IMT


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