Bloomberg chief says PH in an ‘enviable position’

Bloomberg chief says PH in an ‘enviable position’

The Philippines’ growing momentum in economic growth is due to a large degree to the Aquino administration, whose policies have given local and foreign businessmen fresh impetus to invest in the country, according to the head of one of the world’s biggest and most influential financial news organization.

Bloomberg L.P. chair Peter Grauer said the Philippines was in an “enviable position” vis-a-vis other countries around the world that lacked leadership at a time of great economic uncertainty.

“But I think leadership is a key differentiator and the [Philippines] today has quite a strong leadership,” he said in an interview with the Inquirer. “This will allow [the country] to move forward in a very thoughtful and solid pace of growth.”

The New York-based chief of Bloomberg —whose computer terminals are described as the gold standard of financial market news and analytics—visited the country on Monday and Tuesday to meet with government officials and business leaders amid the Philippines’ rising prominence in the international investment scene.

SOURCE: http://business.inquirer.net/113137/bloomberg-chief-says-ph-in-an-enviable-position

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