Looking out from an office tower in Makati, Manila’s financial center and most ostentatious concentration of wealth, you easily believe that the Philippine economy is growing by at least 6% per year, interest rates are up since 2012 and stocks have gained every year post 2009. Hundreds of busily employed people pack elevators wielding $3 coffee drinks. Some live down the street in one of the shapely pastel-hued condominium towers behind gardens of carefully landscaped palms.
Looking out from an office tower in Makati, Manila’s financial center and most ostentatious concentration of wealth, you easily believe that the Philippine economy is growing by at least 6% per year, interest rates are up since 2012 and stocks have gained every year post 2009. Hundreds of busily employed people pack elevators wielding $3 coffee drinks. Some live down the street in one of the shapely pastel-hued condominium towers behind gardens of carefully landscaped palms.
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