Filipinos reaping benefits of PRRD eco reforms, says DOF exec

The Duterte administration has carried out a slew of sweeping economic reforms over the past two years that previous political leaderships had failed to do and whose benefits are now…

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Dominguez optimistic on 7% GDP growth

NEW CLARK CITY—Finance Secretary Carlos Dominguez III has expressed confidence in the economy expanding by 7 percent or better over the medium term on the back of the government’s “mammoth…

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People-to-people exchanges to boost PHL-India ties

CHENNAI, India—Finance Secretary Carlos Dominguez III has welcomed the proposal of former Indian ambassador Gopalkrishna Gandhi to expand people-to-people exchanges between the Philippines and India as a way to strengthen…

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FDI inflows in Q1 grow by 43.5 percent

Foreign direct investment (FDI) net inflows in the first quarter rose to $2.2 billion or an increase of 43.5 percent compared to the same period last year, indicating the sustained…

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India an inspiration in PHL pursuit of rapid inclusive growth

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…

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AIIB interested in more PHL projects

MUMBAI, 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…

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Dominguez seeks additional AIIB support for PHL infra projects

MUMBAI, 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"…

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DOF Economic Bulletin: RESPONSE TO HEYDARIAN’S OPINION ON THE PHILIPPINE ECONOMY

Heydarian’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…

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Dominguez cites urgency of infra development in Southeast Asia connectivity

MUMBAI, India—Finance Secretary Carlos Dominguez III has underscored the urgency of modernizing transport infrastructure systems in Asia’s emerging economies to boost economic expansion and increase incomes, along with improving cross-border…

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