PH is now the fastest growing economy among ASEAN 5

After growing by a better-than-expected 6.8 percent in 2012 and by a whopping 7.6 percent in the first half of 2013, the Philippine economy is now the fastest growing among the five largest economies in the Association of Southeast Asian Nations or ASEAN 5.The ASEAN 5, composed of Indonesia, Malaysia, Philippines, Singapore and Thailand, is expected to be the key growth driver not only in Southeast Asia but also in the greater Asia Pacific region.