The Philippines is no longer the "sick man of Asia" but a rising economic tiger, Spanish Charge d'Affaires Ignacio Perez Cambra said during the celebration of the 12th Philippine-Spanish Friendship Day.
Spain calls Philippines a rising economic tigerStaff writer ▼ Wednesday July 16, 2014 12:20PM ET
Mr. Cambra lauded the Aquino Administration for the country's steady growth in the last few years. "The future looks rosy and promising for the Philippines. Nobody should be surprised to see, in a few years' time, flocks of tourists enjoying the beautiful landscape and the beach resorts here to the extent that someday, we might have trouble in booking rooms in Baler to celebrate the Philippine-Spanish Friendship Day."
The Spanish Government renewed its commitment with the Philippines for intensified bilateral trade relations.
"There has been a flow of high-level bilateral visits as we have not had for some years," Mr. Cambra said ■