Business firms gave a favorable view of the Philippine economy in the second quarter of 2017, reflecting optimism about economic prospects than in the first quarter, results of the latest central bank Business Expectations Survey (BES) showed.
Companies have a more positive outlook, driven by expectations of higher government disbursements on infrastructure and other development projects, and brisker business due to the Philippines’ hosting of the 30th Association of Southeast Asian Nations (ASEAN) Leaders’ Summit.
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