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PIA Press Release
Wednesday, January 18, 2012


Statement from the Office of the Presidential Spokesperson

On Bank of America—Merrill Lynch Survey

According to the Bank of America-Merrill Lynch survey, the Philippines has become the third most-preferred market in the world for global fund managers, after China and Indonesia. This is borne of expectations that in the wake of four credit upgrades, the country will be further upgraded to investment grade later this year. The survey also cites investor confidence being boosted by the President’s reform agenda.

The simple fact is justice, accountability, transparency, good governance, and the improvement of the economy to accomplish inclusive growth are an indivisible whole. An economy that is inclusive is one in which citizens are empowered to improve their lives and contribute to the well-being of the national community.

January 18, 2012

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