All systems go for investors with Marawi conflict’s end, Dominguez says
The end of the Marawi conflict is a testament that the Duterte government can resolve issues by itself.
Finance Secretary Carlos Dominguez III said the liberation of Marawi City will fuel optimism towards the Philippines among foreign investors, as it lifts questions on security and the government’s ability to get things done.
In fact, Dominguez said the latest stock market rally where the index flirted above 8,500 level on the same week when President Rodrigo Duterte announced the good news is the most apparent proof of surging investor confidence.
“We expect investor confidence to strengthen further and the economy to grow even faster now that the conflict has been virtually resolved and the government has started raising spending on infrastructure and human capital development, which will supercharge growth and create more jobs for our people,” Dominguez said.
Now, all eyes are on how fast and how efficient the administration can carry out its rehabilitation plans for the war-torn city after five months of battle.