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Philippine finance minister points to imminent central bank governor decision

Philippine finance minister points to imminent central bank governor decision

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Philippine President Rodrigo Duterte will announce his choice for the next central bank governor soon, giving his administration its biggest chance yet to shape the fast-growing country’s economic future, the finance secretary said on Sunday.

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Finance Secretary Carlos Dominguez also laid out an ambitious tax reform agenda that would raise fuel taxes, lower corporate taxes, discourage tax evasion, and generate more revenue for the government’s infrastructure spending program.

“I told the president this is probably the most important appointment you are going to make and I told him the things he should consider,” Dominguez said in an interview with Reuters at an Asian Development Bank meeting.

“I’m sure the president will make the decision in good time.”

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