Malacañang on Wednesday said that it was pleased with the report by Standard & Poor’s (S&P) citing that “the Philippines is now the leader in terms of growth among the major economies in the Association of Southeast Asian Nations [Asean].”

“If you compare the economy to a pie, we are very pleased that international media, and also ourselves, we recognize that the pie has grown,” Palace spokesman Edwin Lacierda said in a press conference.

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