Socioeconomic Planning Secretary and National Economic and Development Authority (NEDA) Romulo L. Neri (third from left) reiterates the Philippine government’s initiatives to address fiscal deficit and corruption, at a panel discussion: A New Outlook for the Philippines? during the Philippines Investment Conference, the country’s largest and most prestigious investment summit of 2005, held recently at the Shangri-la Mactan Island Resort in Lapu-Lapu City. Secretary Neri underscored the various measures the government has put in place to address fiscal deficit and corruption, which are considered two of the most challenging constraints to investing in the country. He is flanked by (from left) Mr. Jaime Augusto Zobel de Ayala II, President and Chief Executive Officer, Ayala Corporation; Mr. Tony Tan Caktiong, Chairman, President and Chief Executive Officer, Jollibee Foods Corporation; Mr. Mark Johnson, Editor, Euromoney Conferences (who also chaired Panel A); and Ms. Claire McLetchie, Investment Director, Standard Life Investments.