Can Duterte’s “Build! Build! Build!” Boost The Philippines’ Economy?
Over the past decade, the Philippines has rapidly developed into one of the region’s economic powerhouses. Now regarded as one of the Tiger Cub economies in Southeast Asia, along with Indonesia, Malaysia, Thailand and Vietnam, the Philippines looks set to outpace its ASEAN neighbours in this respect. This is underscored by a World Bank Global Economic Prospects report released in January, where it ranked the Philippines as one of the fastest-growing economies regionally.