APEC delegates, led by Philippines' Finance Secretary Cesar V. Purisima (center in white), gather at Dusit Hotel, Makati City, for the launch of the Financial Infrastructure Development Network (FIDN).
Good morning everyone, Sen. Villar, Chair Villanueva and the other commissioners of the GCG, Sec. Abad, CSC Chair Bala, Chair Herbosa and our other colleagues in the government as well as our friends from the private sector, good morning.
Finance Secretary Cesar V. Purisima spoke at the Abraaj Annual Forum last 21 October 2015 in Singapore, participating in the panel, Understanding the ASEAN Opportunity. Purisima opined that there will always be losers and winners in globalization, but that "the Philippines has already gained from ASEAN integration." Purisima pushed back against saying that ASEAN integration is "happening now," and argued that integration is a process in a continuum. "But 2015 is a point where the process is going to accelerate," he added.
Finance Secretary Cesar V. Purisima called for more ASEAN integration saying, "We need to reach out to the rest of the region because when you look at ASEAN, all of us, except probably Indonesia, are small individually, so you have to put us in aggregate so that we will be able to attract the kind of funding that we need."
The Department of Finance(DOF) is the governments steward of sound fiscal policy. It formulates revenue policies that will ensure funding of critical government programs that promote welfare among our people and accelerate economic growth and stability.Learn More