DOF upbeat on new infrastructure-tied investments flowing in from UK

Philippine government officials are beaming with optimism as new investments are expected to come in from the United Kingdom (UK). The Department of Finance (DOF) said these will support the country’s infrastructure program, otherwise known as “Build, Build, Build.”

Finance Secretary Carlos G. Dominguez III expressed confidence that the country’s economic partnership with the UK are showing signs of growing further in the years ahead. Britain is one of the Philippines’s ten leading sources of foreign direct investments (FDI). They have been a reliable partner as well specially when the Philippines was going through challenges in the past.

Dominguez made the statement during the Philippine Economic Briefing (PEB) in London on Tuesday. He said the government is positive that more investments from the UK are coming to the Philippines “especially in the sunrise sectors of our economy.”

Business opportunities at the PEB

Around 250 participants were present at the PEB, which bore the theme “Strengthening Economic Resilience and Spurring Infrastructure Development for Inclusive Growth.”

The PEB aims to fill in British investors on the numerous business opportunities in the Philippines. Namely, the infrastructure, tourism, and energy sectors. It also encourages exploring ways to expand economic cooperation between Manila and London.

The forum was led by Dominguez. Budget Secretary Benjamin E. Diokno, Bangko Sentral ng Pilipinas Deputy Governor Diwa C. Guinigundo, Socioeconomic Planning Secretary Ernesto M. Pernia, Public Works and Highways Secretary Mark A. Villar, Transportation Secretary Arthur P. Tugade, and Bases Conversion and Development Authority President and CEO Vivencio B. Dizon also delivered presentations.

via Business Mirror / Rea Cu