Philippine economy: one of the brightest spots in the region, says visiting ICC Chair

MANILA — The Philippines remains one of the economies in the region insulated from the effects of the global economic downturn due to the reforms initiated by President Gloria Macapagal-Arroyo years ago.
This was the observation of Dr. Victor Fung, Chairman of the Paris-based International Chamber of Commerce (ICC), who paid a courtesy call on the President on Thursday afternoon (Feb. 12) in Malacanang.

Dr. Fung is the first chairman from Hong Kong of the ICC, the largest, most representative business organization in the world with hundreds of thousands of member-companies in over 130 countries spanning every sector of private enterprise.

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