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TWO YEARS after the Asian currency crisis hit the Philippines, the domestic economy continues to experience its adverse impact on business and employment, the financial sector and public sector finances as well. Nonetheless, the Philippines, compared to other countries, has been more resilient in dealing with the crisis. |
THE PHILIPPINES offer more than just an investor-friendly environment. Together with fundamental economic reforms that transformed the Philippine economy into a promising investment location for international business operations a whole range of opportunities awaits the investor on the lookout for lucrative business ventures. |
THE PHILIPPINE ECONOMY continues to recover from the adverse effects of the regional financial crisis of 1997 - 98, gathering strength in 1999 through expansionary fiscal and monetary policies and other reforms adopted by the government, more favorable weather conditions, and the stronger world economy. |
