Gov't aims to make PHL a major hub in SE Asia
Philippine Star
March 26, 2013
MANILA, Philippines - Finance Secretary Cesar V. Purisima reiterated the Aquino administration’s goal to turn the Philippines into a major hub in Southeast Asia.
During Standard Chartered’s 2013 Singapore Forum, Purisima highlighted the Philippines’ commitment to integrate with Asean members and enhance its business environment to become a major hub in the region.
“We in the Philippines look forward to Asean Integration in 2015. Our hope is that the Philippines will be the Northern and Pacific Gateway to Asean. The Aquino Administration is committed to ensuring that we continue to invest in infrastructure, our people, and address the constraints to growth to ensure that our people are ready to take full advantage and be part of an integrated Asean,” Purisima said.
The Southeast Asian region, with a population of over 600 million people, is seen to become a major economic growth force in Asia when the planned regional common market of Asean countries is established by 2015.
This will significantly reduce the cost of production for the businesses and economic growth of member-countries.
“The ASEAN demographic places the region in a very strong position for growth. It is important that ASEAN integrates because our collective strengths are more formidable than our individual competencies,” Purisima said.
Purisima likewise underscored the importance of Asean’s initiatives in
connectivity, “we have to be connected with each other, not just through
infrastructure, but also connectivity through common standards for trade and
investments.”
Philippine Star
March 26, 2013
MANILA, Philippines - Finance Secretary Cesar V. Purisima reiterated the Aquino administration’s goal to turn the Philippines into a major hub in Southeast Asia.
During Standard Chartered’s 2013 Singapore Forum, Purisima highlighted the Philippines’ commitment to integrate with Asean members and enhance its business environment to become a major hub in the region.
“We in the Philippines look forward to Asean Integration in 2015. Our hope is that the Philippines will be the Northern and Pacific Gateway to Asean. The Aquino Administration is committed to ensuring that we continue to invest in infrastructure, our people, and address the constraints to growth to ensure that our people are ready to take full advantage and be part of an integrated Asean,” Purisima said.
The Southeast Asian region, with a population of over 600 million people, is seen to become a major economic growth force in Asia when the planned regional common market of Asean countries is established by 2015.
This will significantly reduce the cost of production for the businesses and economic growth of member-countries.
“The ASEAN demographic places the region in a very strong position for growth. It is important that ASEAN integrates because our collective strengths are more formidable than our individual competencies,” Purisima said.
The region, comprising the Philippines, Singapore, Malaysia, Indonesia,
Cambodia, Brunei, Laos, Thailand, Vietnam, and Myanmar, collectively makes up
the world’s third largest population behind only China and India. Its population
is also one of the youngest in the world, with an average age of 27, which
Purisima said puts the region at an advantage versus the rest of the world.
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