ADB: Philippines Should Invest In Infrastructure

(Tuesday, March 27) - The fast-growing business process outsourcing sector has put the Philippines back on investors' radar screens, but the country can only achieve higher economic growth if it expands industries and starts investing in infrastructure, the Asian Development Bank said Tuesday. "The Philippines has to learn how to walk on two legs," ADB economist Jesus Felipe told a briefing to release the bank's Asian Development Outlook 2007, referring to the need for the country to build a strong industrial base to support the economy...(www.nasdaq.com) ...full story here