A former Cabinet official sees the Southeast Asian economy to rebound from the coronavirus crisis and rise by 6 percent this year, saying growing urbanization and infrastructure development are boosting the region’s growth prospects.

During The Manila Times Economic Forum 2021: Rising from the ashes: From pan-Asian to pan-Global on Friday, Jose Isidro “Lito” Camacho, managing director and vice chairman of Asia Pacific Credit Suisse, said that although he was “looking at a recovery across the region,” this came “with a wide range of expected performances.”