Philippines "at a tipping point", says Arroyo

Gloria Macapagal-Arroyo tells delegates at the Credit Suisse Asian Investment Conference that the Philippines has turned the corner.

The Philippines will be a first-world country within a generation, President Gloria Macapagal-Arroyo told foreign investors during a keynote speech at an investment summit in Hong Kong.

We are at a tipping point, she said. And I'm confident that the Philippines will tip forward. For now, she has good reason to be upbeat รป 2007 was the best year for the Philippines economy in more than 30 years, with economic growth of 7.3% and the creation of one million new...

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