DAVAO CITY—The Philippines is improving the ease of doing business to encourage increased investments from Spanish and other foreign business groups that want a foothold in the highly lucrative and emerging integrated Southeast Asian market, Finance Secretary Carlos Dominguez III said.
Read MoreA hefty part of President Duterte’s unparalleled public investments on his watch will be devoted to infrastructure servicing the tourism industry in keeping with his goal of transforming this sector into one major engine of growth to sustain the Philippines’ momentum as one of Asia’s fastest-growing economies.
Read MoreThis week’s overall weakening of Asian currencies vis-a-vis the dollar was an overreaction by fund managers to the prospects of higher US Federal Reserve rates this December, according to Finance Undersecretary Gil Beltran.
Read MoreThe Duterte administration is spending a whopping P860.7 billion on large-scale infrastructure projects next year, which represents 5.4 percent of the country’s Gross Domestic Product (GDP), in keeping with its commitment to disperse growth and create enough jobs for Filipinos, especially in the countryside.
Read MoreThe Philippines and Iran have agreed to further expand their bilateral ties, beginning with establishing banking relations and renewing the strong economic cooperation between the two countries.
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