DoF: Philippines well positioned to address Asean needs

The Philippines, under a fast-integrating regional economy, is well positioned to address the needs of the other member-states of the Association of Southeast Asian Nations (Asean), but should catch up with its neighbors in addressing the country’s weak infrastructure backbone to capitalize on the massive opportunity that will create hundreds of thousands of jobs for Filipinos, according to the Department of Finance (DoF).

“We are positioned very well in Asean to address the needs of Asia. However, we cannot achieve our full potential because we cannot even move our goods properly within our own country. So it’s very important for us to focus on the infrastructure that delivers good logistics in the Philippines,” Finance Secretary Carlos Dominguez 3rd said at the recent “DuterteNomics” forum in Manila.