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Finance Secretary Benjamin Diokno asked Luxembourg-based funds and business groups to look at emerging investment opportunities in the Philippines during a forum hosted by the Luxembourg Stock Exchange on Oct. 24, 2023.
The robust performance was recognized by international financial institutions. The ASEAN+3 Macroeconomic Research Office expects the Philippines to post the fastest growth in Southeast Asia both at 5.9 percent in 2023 and 6.5 percent in 2024. Diokno also shared with investors the Philippines’ 197 priority infrastructure flagship projects available for partnership, which have a total investment requirement of about $155 billion.
Diokno said transforming the Philippines into a fast-rising investment hub requires greater foreign participation, which drove the government to enhance retail trade and liberalize key sectors including toll roads, airports, expressways, shipping and telecommunications.
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DIOKNO, IN OR OUT?IF you believe the chatterbox, Finance Secretary Benjamin Diokno is on his way out and will be replaced anytime soon by former senator Ralph Recto. Put another way, a non-politician (technocrat) will be supplanted by a politician. Good or bad? Let's see.
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