Step up structural reform - Tetangco urges govt

The government must take further steps in carrying out serious structural reforms to cushion the economy against imminent domestic and global risks, central bank governor Amando Tetangco Jr. said on Tuesday.

In a speech at the Philippine Economic Briefing, Tetangco reminded members of the Cabinet of President Benigno Aquino 3rd that although the country has demonstrated a capability to implement critical reforms, the government should still be mindful that the operating environment is evolving, making it imperative for the leadership to move in step with the challenges posed by such changes.