THERE are solid reasons why foreign and domestic investors are upbeat about the Philippine economy and Philippine enterprises, and why the Philippine Stock Exchange recently reached new records in trading. Before the new year is over, new ceilings could be reached.

In its Global Economic Prospects report released on Wednesday, January 10, the World Bank projected that the Philippines will continue to outpace its Southeast Asian neighbors in terms of economic growth, based on its estimates for 2018 up to 2020.