DESPITE rising fuel and food prices, a global savings bank remains confident in the Philippine economy, particularly Cebu’s growth.

John Hickey, GE Money Philippines chief operating officer, said the bank intends to focus more on global growth through emerging markets like the Philippines.

“The Philippines had the strongest growth in 31 years (last year). And in the Philippines, Cebu has the fastest growing (provincial) economy,” he said, citing the province’s tourism and business process outsourcing (BPO) industries. More…