Finance Secretary Carlos Dominguez III met American businessmen over the weekend and assured them the Philippines remains an attractive investment destination.
Dominguez told members of the American Chamber of Commerce the Duterte administration was committed to making the Philippines an attractive and competitive place for foreign investments.
Dominguez said that “as far as business is concerned,” President Rodrigu Duterte “wants to have more competition and more innovation.”
The American executives also expressed their support for the government’s 10-point socioeconomic agenda as Dominguez told them the Duterte administration “will make certain that the business environment is such that it encourages people to stay on.”
The finance chief said the new government was pursuing a policy of “economic diversification” to open more markets for Philippine products overseas, encourage more investments in the country, and create better-paying jobs for Filipinos.:
AmCham Philippines executive drector Ebb Hinchliffe said the organization is “100 percent” behind the government’s 10-point socioeconomic agenda” and wanted the Duterte administration to be successful in implementing its development programs.