The Philippines should strengthen its macroeconomic fundamentals in the key areas of banking and agriculture and take advantage of its positive demographic structure to be able to compete with larger markets in the upcoming Association of Southeast Asian Nations (Asean) Economic Integration in 2015, the country's top government officials said.
“Our own goal has always been to keep our own house in order and strengthen it so that when shocks do occur, we have buffers to shield us. Recently, our efforts to keep our house in order have gained more urgency in light of our preparations for Asean economic and financial integration,” said Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. during his keynote speech at the Financial Times-First Metro Investment Summit held on Monday.
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