ASEAN FINANCE MINISTERS TO MEET TOMORROW
The ASEAN Finance Ministers Investors Seminar willhave finance ministers discuss investment opportunities within the 10-member economies of the regional bloc. The meetings will be held at the Mactan’s ShangriLa Resort and Spa, where the Official Monetary and Financial Institutions Forum Debate also took place on Monday.
After the Official Monetary and Financial Institutions Forum Debate, Cebu host the the 12th session of the ASEAN Finance Ministers Investors Seminar (AFMIS) tomorrow, where finance ministers are set to discuss investment opportunities in the 10-member region.
The seminar will be held at the Mactan’s Shangri-La Resort and Spa in Lapu-Lapu City. The finance ministers are also expected to discuss the progress of the ASEAN Economic Community (AEC), the creation of a single market and production base, in the same meeting.
“The ministers will likewise tackle issues on regional connectivity as well as current events and other issues relevant to ASEAN members, including topics ranging from infrastructure investment and e-commerce to trade facilitation and the region’s rising consumer market,” the Department of Finance, host of this year’s ASEAN Finance Ministers’ meeting, said in a statement.
Philippine Finance Secretary Carlos Dominguez III and ASE- AN Deputy Secretary General Lim Hong Hin will open the meeting.
Finance Ministers Pehin Dato Abdul Rahman Ibrahim of Brunei Darussalam; Sri Mulyani Indrawati of Indonesia; Johari Abdul Ghani of Malaysia; Apisak Tantivorawong of Thailand; and Secretary of State Sokha Nguon of Cambodia are expected to attend the AFMIS and the series of high-level meetings.
DOF said a plenary session of the ASEAN finance ministers will be held in the morning, followed by a networking lunch with global financial institutions and multilateral companies that have a strong presence in the region.
Four meetings for finance deputies, central bank deputies and defense senior officials were also held yesterday.
Founded 50 years ago, ASEAN groups Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam into one regional bloc. This year is the 50th founding anniversary of ASEAN and Philippines being the host has the theme, “Partnering for Change, Engaging the World.”