Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
Global
2. Africa
Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Asia & Pacific




Public Administration News  
Share
Govt looking to build Marawi ecozone
Source: http://www.manilatimes.net/govt-looking-build-marawi-ecozone/366545/
Source Date: Sunday, December 03, 2017
Focus: Knowledge Management in Government
Country: Philippines
Created: Dec 04, 2017

In a statement, the department said Finance Secretary Carlos Dominguez 3rd briefly detailed the plan during a recent meeting with Sumitomo Mitsui Banking Corp. (SMBC) officials led by group CEO and president, Takeshi Kunibe.

“We appreciate your enthusiasm in taking part in the rehabilitation efforts for Marawi. As part of this rehabilitation program, we are planning to put up a community-based economic zone in the area for small industries, local food processing and small foundries,” Dominguez was quoted as to said during the meeting at the SMBC head office Tokyo, Japan.

Besides providing residents with basic necessities such as water and electricity, he added that the government will be also providing them with access to the Internet so that the community-based industries inside the ecozone could access online selling platforms such as Lazada and Alibaba.


Dominguez said the community ecozone would not be supplying large companies but would instead serve as a tool to open economic opportunities for struggling residents.

Kunibe, in turn, expressed SMBC’s willingness to assist the Philippines in its reconstruction and rehabilitation program for Marawi, the Finance department said.

SMBC, which has non-consolidated total assets of 162.3 trillion yen, is the second largest banking institution in Japan in terms of assets.

Besides the reconstruction and rehabilitation efforts for Marawi City, the Finance department said the meeting also touched on issues involving opportunities in the tourism sector and financial markets in the Philippines

SMBC officials also noted that there was healthy appetite for Samurai bonds in the Japanese market.

Dominguez has said that the Philippine government was planning to offer Samurai bonds in the future, with the timing to depend on market conditions.

News Home

 Tag This
 Tell A Friend
 Favorite
del.icio.us digg this Slashdot
Rate:
0 ratings
Views: 28

Comments: 0 Favorited: 0 Bookmarked: 0 Tagged: 0



0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2008-2010 by UNPAN - United Nations Public Administration Network