Duterte's infrastructure push keeps banks in cold

The Philippine president's infrastructure ambitions are bypassing the private sector. But the long-term benefits will be spread far and wide

Duterte's infrastructure push keeps banks in cold

Carlos Sonny’ Dominguez, the finance secretary of the Philippines, cannot be accused of a lack of ambition.

He announced a series of optimistic economic targets almost as soon as taking office in the government of President Rodrigo Duterte. He has consistently criticised the former administration of Benigno Aquino for failing to do enough to lift the country out of poverty. He has attempted a wide-ranging and politically difficult tax reform bill that will...

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