Philippine economy flourishes

Despite volatile economic conditions in Asia, the economy in the Philippines continues to grow.

    Growth figures in the Philippines have exceeded expectations and investor confidence is up, but this progress has meant little to the average Filipino.

    There are now over ten million Filipinos working abroad, and they are considered national heroes.

    The money they send home to support their families helps keep the Philippine economy afloat, along with the influx of international call centres, expanding exports, and a tourism boom.

    But success has created an unusual problem for the Philippines; a strong local currency.

    Al Jazeera's Marga Ortigas reports from Manila.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Investigation reveals scale of forced displacement in South Sudan

    Investigation reveals scale of forced displacement in South Sudan

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across the entire country.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    Pakistan's tribal areas: 'Neither faith nor union found'

    Pakistan's tribal areas: 'Neither faith nor union found'

    Residents of long-neglected northwestern tribal belt say incorporation into Pakistan has left them in a vacuum.