PH studying AIIB membership

The Philippines is carefully studying whether to formally join as one of the founding members of China’s recently established Asian Infrastructure Investment Bank (AIIB), Finance Secretary Cesar Purisima said.

“We are part of the process, in fact we participated in several of the meetings but the President and the country have not made a decision whether we will join or not. What we are doing right now is making sure that we understand . . . and we have more information on AIIB,” Purisima said on the sidelines of the Euromoney Philippines Investment Forum held at Makati City on Tuesday.