Philippine economy surging despite uncertainties

Manila

THE Philippine economy expanded at one of the fastest rates in Asia last year, data showed on Thursday, with an acceleration expected despite many uncertainties surrounding President Rodrigo Duterte's leadership.

Billions of dollars in Chinese investments and the dawn of a "golden age" of infrastructure spending will be among the key drivers of the Philippine economy, the government said as it unveiled 6.8 per cent growth in 2016.