The results of the annual Grant Thornton International Business Report (IBR) showed that Filipino business leaders were now ranked third in the world in terms of optimism with 87 percent of businessmen saying they were more confident about business prospects for 2011.
Local businessmen came in just behind their peers from Chile (95-percent optimism) and India (93 percent), and ahead of those in Brazil (78 percent).
The IBR—conducted locally by the group’s affiliate Punongbayan & Araullo—is an international survey of the opinions of medium to large privately held businesses.
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