Our strong view is that private investment will surge in the second half.

As we know, there are still problems with the labor regulations, tax laws, infrastructure and red-tape bureaucracy.

The year 2006 is not going to be the year we had hoped it to be last year.

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.

There are still 60,000 people in tents today and that's clearly unacceptable a year after the tsunami.

The mistake that was made was not paying enough attention to temporary housing.