MANILA – The Philippine Economic Society (PES) held its annual meeting on Tuesday, focusing on structural reforms and inclusive growth.

Former Finance Undersecretary Romeo Bernardo said that generally, there is a sense of confidence that the Philippines "is in a good place." 

The challenge now is how to create more growth drivers that will create an environment for more inclusive growth.

“Even though there are challenges in the global environment, the Philippines is quite resilient, it has good growth drivers, it has healthy external accounts, and healthy banking institutions. The real question in people’s minds is how do you build on these things moving forward?” he told ANC's "Market Edge."