Push Admin

Duterte to pitch 'Dutertenomics' to world leaders, businessmen

Article (news)

Christian V. Esguerra, ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2017/news/04/17/20160630-duterte-speechnib-5.jpg?ext=.jpg"/><figcaption><div class="embed-desc">President Rodrigo Duterte. <cite>File Photo</cite></div></figcaption></figure></div>MANILA (UPDATE) - President Rodrigo Duterte will promote his ambitious socioeconomic agenda dubbed &quot;Dutertenomics&quot; before business leaders at an international economic forum in Cambodia this week, a foreign affairs official said Monday.Duterte&#x27;s administration plans to spend an estimated P8 trillion on big-ticket items such as railways and ports, ushering in a so-called &quot;golden age of infrastructure&quot; in the next six years.<ul class="op-related-articles">	<li><a href=" http://news.abs-cbn.com/business/multimedia/infographic/04/26/17/infrastructure-is-key-to-dutertenomics">READ: Infrastructure is key to &#x27;Dutertenomics&#x27;</a></li></ul>Private sector investment is crucial to the infrastructure push, along with billions of dollars in promised assistance from countries such as Japan and China.Duterte will have the opportunity to identify investment opportunities in the Philippines before chief executive officers at the World Economic Forum (WEF) on ASEAN in Phnom Penh starting Wednesday.&quot;To promote &#x27;Dutertenomics, the President&#x27;s socioeconomic agenda, that would be the main engagement that the President will have with the CEOs who will be attending,&quot; acting Foreign Affairs spokesman Robespierre Bolivar told reporters.As this year&#x27;s chairman of the Association of Southeast Asian Nations (ASEAN), Duterte will update the business community on the &quot;progress made&quot; in the region&#x27;s economic integration, Bolivar said.The integration, which started in late 2015, seeks a single market and production base in the region, which has a combined gross domestic product of $2.4 trillion.Bolivar said Duterte would also address the youth of ASEAN, who are seen as a major driver for growth.More than half of the region&#x27;s 630 million people are under 30 years old, promising &quot;a powerful demographic dividend that will drive already high rates of economic growth for years to come,&quot; according to the WEF.Such opportunity exists in the Philippines given the high proportion of Filipinos who are of working age.But taking advantage of this opportunity also involves sound government policy and a labor market that could absorb them into the work force, experts said.<div>BELT AND ROAD FORUM</div>The president, who has been seeking to improve the Philippines’ ties with China, is also set to visit Beijing next week for the Belt and Road Forum, where he said he expects <a href="http://news.abs-cbn.com/news/04/29/17/duterte-expects-more-help-from-china-to-develop-ph">more help</a>.Duterte visited China last October, bringing home $24 billion dollars <a href="http://news.abs-cbn.com/business/10/21/16/duterte-heads-home-from-china-with-24-billion-deals">investment pledges</a>.China has poured billions of dollars for its “One Belt, One Road” infrastructure initiative which aims to improve links between Asia, Africa, and Europe.Bolivar said, the Philippines will benefit from China’s initiatives since the country’s geographic location is strategically important for trade.“The Philippines has always prided itself as being a strategic crossroads between the east and west… The Philippines played a crucial part in the Manila-Acapulco galleon trade. If you have that on the eastern part of the country, in the western part you have the new Maritime Silk Road,” Bolivar said.“It would reinforce the view that the Philippines is a central part to facilitating world trade. That is something the administration is definitely looking at.”Bolivar added, improved Philippines-China ties bodes well with for Duterte’s plan to enhance the country’s infrastructure.“Philippines-China relations have been steadily improving in all aspects over the last few years and it’s also a welcome development for us to engage more actively with China on economic cooperation,” he said.The Belt and Road Forum for International Cooperation, which will take place on May 14 to 15, will see Duterte meeting with 27 other heads of states and governments, including Chinese President Xi Jinping and Russian President Vladimir Putin.Bolivar said the 28 world leaders will discuss infrastructure connectivity, economic and trade cooperation, industrial investment, energy and resources, financial support, people-to-people exchanges, ecological and environmental protection, and marine cooperation. -- with a report from Dharel Placido, ABS-CBN News

Private sector investment is crucial to the infrastructure push, along with billions of dollars in promised assistance from countries such as Japan and China.

Private sector investment is crucial to the infrastructure push, along with billions of dollars in promised assistance from countries such as Japan and China.

Duterte to pitch 'Dutertenomics' to world leaders, businessmen

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Traffic

Manila

Horoscope

Business

Duterte to pitch 'Dutertenomics' to world leaders, businessmen

Christian V. Esguerra,

ABS-CBN News

Published May 08, 2017 02:20 PM PHT

|

Updated May 08, 2017 05:29 PM PHT

Read More:

Rodrigo Duterte

Cambodia

Dutertenomics

World Economic Forum

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.