Finance Secretary Carlos Dominguez III invited Singaporean businessmen to invest in the “Build, Build, Build” program of the government, saying the unprecedented infrastructure initiative will shield the country from global growth slowdown and make it more attractive to foreign investments.
Dominguez, in a meeting with a visiting delegation from the Singapore Business Federation in Manila on Monday, said President Rodrigo Duterte’s centerpiece program “Build, Build, Build” would provide the Philippines the stimulus it needed to keep creating jobs and opening new investment opportunities despite the global economic uncertainties.
He said the Singaporean businessmen could also explore other infrastructure-related businesses that would open up as a result of the ambitious modernization program.
He said the Philippines expects to hit upper middle-income country status next year on the strength of a stable macroeconomic fundamentals and game-changing reforms enacted over the first three years of the Duterte administration.
