MONTINOLA: Banks are healthy and will continue to lend at low rates
MONTINOLA: Strong/resilient remittance first wave. Strong BPO another.
"Let's hope that the next wave is TOURISM since this is expected to raise dollars and create jobs... improve tourism in BPO-fashion."
MONTINOLA: PPP projects should continue and connector roads should
On the medium-term, we should focus on MANUFACTURING. We should get back what we lost to China. Today, their cost advantage has disappeared. Now, well-run PEZA are attractive.
AGRICULATURE and FISHERIES, also. We just need improve cheaper bank financing for farmers.
MONTINOLA on EDUCATION: Thankfully the government realizes need for better education. K-12 key to gaining competitiveness in future. Any help from Congress on K-12 budget will be helpful.
MONTINOLA: Healthy banking supports good economics.
IFC's ANG: I focus also on "Doing Business" survey. The Philippine ranking has been weak in last few years.
The issue is not cost or time, the issue is number of procedures, which increases opportunity for corruption.
And on that note, the 2012 mid-year economic briefing ends.
Thank you for joining us in this live blog! Until next time...
ABAD cites BPO industry phenomenon: firms are hiring Filipinos working abroad and encouraging them to come home .
LIMCAOCO on CLARK as main airport: that's still the existing decision