Arroyo invites investors to the Philippines

President Arroyo outlines the progress of her fiscal reforms against the backdrop of political uncertainty.

Philippine President Gloria Macapagal-Arroyo was in Hong Kong yesterday June 20 to meet with local business leaders in an attempt to quell concern regarding recent political turmoil besieging her presidency and inveigle them to bring their investments to the republic.

The single-day meeting, hosted by Airport Authority chairman Victor Fung, was a chance for the President to impress upon her audience the encouraging course the Philippines has taken since she implemented the first phase of her aggressive fiscal reform programme last March, and that despite her recent political problems she remains focused on stepping up the second phase of her reform agenda.

Indeed, she was quick to...

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