Secretary Diokno: Now is the best time to invest in PH
According to ABS-CBN News, Department of Budget and Management Secretary Benjamin Diokno on Thursday, October 6, said to foreign investors now is the best time to invest in the Philippines market and should not be distracted by political issues.
In his interview in ANC's "20/20 The View Ahead," Diokno said that the current economic climate is good for long-term investors.
"I've been talking to investors, long-term not the hot money type. If they are really for sound investment, this is the time to come in. Don't get distracted by political noise," he said.
"The weakening of the peso just like the weakening of other currencies, is because the dollar is strengthening," he said.
Diokno aslo defended Duterte's controversial statements, he said it has nothing to do with the week peso.
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Diokno said Duterte's controversial statements have nothing to do with the weak peso and its markdown was caused by an impending increase of interest rates in the US economy.
Source: Abs-Cbn News
Secretary Diokno: Now is the best time to invest in PH Reviewed by Newsinfo Learn on October 07, 2016 Rating: