Finance Secretary Carlos Dominguez III on Wednesday encouraged foreign investors to do business in Philippines’ “rapidly growing” economy.
With this kind of economy, Dominguez emphasized that the country is building its own “Silk Road” by innovating its infrastructure, harmonizing business policies with other countries, and streamlining the flow of intraregional investments.
In the Singapore Regional Business Forum (SRBF), Dominguez said that Philippines’ infrastructure buildup, which will be partly supported by the proposed tax reform program, would not disrupt the fiscal discipline that has led to the economy’s sustained high growth.
He also assured the forum participants that the situation in Marawi City has been contained and will be resolved soon.
The SRBF was launched in 2015 to serve as a platform for leaders of business, academe and government in the region to discuss current global economic issues with China’s proposed 21st Maritime Silk Road project as theme.
Dominguez stated that the Philippines is set to strengthen more business partnership with its neighbors within the region as it still develops its economy within the framework of the ASEAN Economic Community. | Angelica Bobiles – PTV
