As we know, there are still problems with the labor regulations, tax laws, infrastructure and red-tape bureaucracy. |
At the end of the day, what matters are results and so far the results are good. |
If someone had said to us a year ago: 'Would you be happy with investment growth of 15 percent over a year and investment to GDP rising from less than 20 to approaching 23 percent of GDP in the first year? Would you regard that as success?' I think almost everybody would say that is a pretty good first year's work. |
Our strong view is that private investment will surge in the second half. |
The mistake that was made was not paying enough attention to temporary housing. |
The year 2006 is not going to be the year we had hoped it to be last year. |
There are still 60,000 people in tents today and that's clearly unacceptable a year after the tsunami. |
We're now moving into the really big permanent housing phase. |
Whilst it was a slow start, I think most people feel that going into 2006, things are going to be better. |