Happy 2014 for Philippine Economy?


Another tumultuous year has passed. 2013 can be remembered as the year of huge disasters, with Typhoon ‘Yolanda’ (international name: Haiyan) causing death and massive destruction across several provinces in central Philippines in early December. A month before that, a big earthquake also devastated the central provinces of Bohol and Cebu.

On top of natural calamities, the Philippines also endured a political storm in the second half of this year, with the pork barrel scandal tarnishing the image of the Legislative and Executive branches of the government.

Against that backdrop, ITPI Corp. plans to spend some $200 million to develop mixed-used projects in Luzon and Mindanao. Read the BusinessWorld article on this.