Philippines' Duterte Vows to Continue Aquino's Economic Policies
- President-elect to follow Davao model to enhance competition
- Wants to change constitution to ease foreign ownership limits
Duterte's Economic Challenges: Should Investors Worry?
Presumptive Philippine President Rodrigo Duterte will continue the macroeconomic policies of the outgoing administration of Benigno Aquino, according to an eight-point economic agenda released on Thursday that also prioritized tax reform, education and infrastructure spending, and fighting corruption.
“We will continue and maintain the current macroeconomic policies,” said Carlos Dominguez, Duterte’s campaign finance manager and a key part of the incoming president’s transition team. At a televised briefing from Davao City, Dominguez, who is favored to become finance secretary, said the new government would “enhance competitiveness and follow the Davao City model that Duterte instituted."