In addition, I would like to convince you that in dealing with the mounting recent debate on short term capital flows which always have such a “double edge sword” into small open economy like Indonesia, the approach taken is consistent with the free capital mobility regime as stated in the foreign capital system law (The Law No.24/1999).
* * * Wallace Business Forum (WBF) Managing Director Gary Teves, distinguished officers and members of WBF, esteemed guests, ladies and gentlemen, good morning. I am pleased to address you in this forum organized by the Wallace Business Forum. Your continued interest in the Philippine economy has greatly helped in shaping the quality of information provided to the international community.