CHENNAI, India—Finance Secretary Carlos Dominguez III said the Philippines looks to India as an inspiration in its pursuit of rapid growth anchored on a shift to more market-oriented policies to ensure that its economic expansion is sustainable, inclusive and achieves the government’s ultimate goal of significantly reducing poverty by the end of the Duterte presidency in 2022.
Read MoreMUMBAI, INDIA—The Asian Infrastructure Investment Bank (AIIB) has expressed interest in investing more in the Philippines’ “Build, Build, Build” infrastructure program, citing the government’s sustained efforts to shift to investment-led growth.
Read MoreMUMBAI, INDIA—Finance Secretary Carlos Dominguez III has sought the support of the Asian Infrastructure Investment Bank (AIIB) in funding other big-ticket infrastructure projects under the Duterte administration’s “Build, Build, Build” program following the institution’s approval last year of its first project in the Philippines in partnership with the World Bank.
Read MoreHeydarian’s opinions went overboard describing the Philippine economy as suffering from a “fallout” and “economic managers as grappling with erratic and populist policies.” His generalizations are erroneous and not backed up by accurate statistics.
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