Improved business environment to help PH sustain growth

THE Philippines will need to work on improving its business environment and fiscal position to boost investments and help the economy sustain growth rates of 6 percent to 6.5 percent over the next decade, London-based research consultancy firm Capital Economics said.

In a research note, Capital Economics Asia economist Gareth Leather said investment plays a key role in driving economic growth, noting that it provides a direct boost to domestic demand in the short-term but also helps over the longer term by boosting the productive potential economy.