Sign up | Log in



Home>>Daily News>>Philippines>>Economy>>PHL strong enough to ‘weather’ economic storms, Dominguez claims

NEWS UPDATES Asean Affairs   November 2, 2018  

PHL strong enough to ‘weather’ economic storms, Dominguez claims

 The government is not being “complacent” amid issues looming over the economy, Finance Secretary Carlos Dominguez III said Thursday, noting he is confident that the country will be able to “weather” these storms.

The Duterte administration has taken “aggressive” measures to tame domestic inflation and sustain the country’s growth momentum amid the US-China trade tensions and the oil price surge in the world market, he said a statement.

They have been addressing the issue of rising inflation as early as May, the DOF, said, citing the Bangko Sentral ng Pilipinas’ (BSP) interest rate hikes.

Dominguez said non-monetary measures taken by the Executive Branch were to temper price increases as a result of food supply issues and soaring global oil prices.

“We are confident that we can weather the storms but we are not complacent,” Dominguez said.

The US-China trade dispute would eventually have an “adverse” impact on the economy, but Dominguez claimed the Philippines is in a “very good position” to overcome the challenge.

The country is going to use domestic spending as a “countercyclical measure to sustain our growth, he said. “We are very confident that our ‘Build, Build, Build’ program is countercyclical and that we can afford it.”

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

  Today's  Stories                      November 2, 2018
• Internet freedom rating drops in Myanmar: FEM
• Government mulls over imposing gas DMO to curb electricity rates Subcribe: Asean Affairs Global Magazine
• PHL strong enough to ‘weather’ economic storms, Dominguez claims Subsribe Now !
• Purchasing power rises quickly
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• More investors to return to stock market if inflation slows down 
Asean Stock Watch  November 1,  2018

• Asean Stock Watch-November 1, 2018
Asean Analysis                June 15,  2018
• Asean Analysis June  11, 2018
Inflation may yet peak —Diokno
Advertise Your Brand

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


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






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand