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NEWS UPDATES Asean Affairs     May 12, 2017  







Philippines wants more foreign investors in golden age of infra

The Philippines intends to invite foreign investors to take part in the country's ambitious infrastructure program during the World Economic Forum (WEF) in Cambodia this week, the Department of Foreign Affairs (DFA) said.

"It will be the first launch internationally of the Build, Build, Build program, otherwise known as Dutertenomics and announcing it to investors, as well as to international media," DFA Undersecretary for International Economic Affairs Manuel Antonio J. Teehankee said.

The economic agenda involves pouring as much as P8.2 trillion to finance the country's infrastructure needs over the next six years, with P860.7 billion allocated to big-ticket projects this year.

"Connectivity means infrastructure and logistics connectivity throughout the ASEAN region. This complements very well with the President's 10-point socioeconomic agenda, as well as the federal regionalism and sub-economic regions program in the Philippines, which is also to improve connectivity through logistics improvement and infrastructure improvement," Teehankee said.

Last month, Economic managers said the country is boosting efforts to make "new friends" and entice other countries to invest in the golden age of infrastructure.

According to Cabinet officials, China, Japan, Korea, Malaysia, and Singapore are keenly interested in supporting the Philippines. — Jon Viktor Cabuenas/VDS, GMA News




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ASEAN NEWS UPDATES      Updated: 04 January 2011

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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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