Thursday 17 January
Oct 13, 2018 @ 12:32

PH economy ‘choking’ due to Manila traffic — Dominguez

 

Die or improve — there’s only one way to go.

Finance Secretary Carlos Dominguez III again defended the Duterte administration’s hard-headed stance to keep their Build, Build, Build program running despite financing and inflation woes, saying that developing infrastructure is inevitable.

The lack of good infrastructure is standing in the way for the Philippines to operate at “full and optimum capacity,” with the economy full of choke points.

“We have a lot of traffic in Manila, we don’t have enough ports, we have a lot of delays in flights. So our economy is being choked,” Dominguez said in a statement.

“In fact, my prediction is if we do not do any infrastructure, in five years’ time we will choke to death.”

For him, it’s best to do it now than later when the country is barely gasping for air.

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