Philippine President-elect Rodrigo Duterte is being backed by leading Filipino businessmen on his 10-point socio-economic agenda. This timely endorsement comes while pundits question his ultimatum for corrupt government authorities to “stop it” and his encouragement of citizens to kill criminals.
At the Asian Institute of Management (AIM) for Change business conference in Makati, Metro Manila, on June 22, 2016, business leaders backed the concept of a trickle-down economy benefiting the “poorest of the poor.” They expressed a united resolve to help Duterte’s incoming administration grow the economy.
According to Yahoo! News, businessman Manuel V. Pangilinan, together with shipping heiress Doris Magsaysay-Ho and AIM founder Washington Sycip, supported Duterte’s 10-point socio-economic agenda.
Duterte’s initiatives vetted and backed by experts, are as follows in a nutshell.
- Continuing current fiscal, monetary and trade policies.
- Progressive tax reform.
- Competitiveness and ease of doing business.
- Spending 5 percent of GDP for infrastructure.
- Increasing agricultural productivity.
- Security of land tenure.
- Human resource development and training.
- Promotion of science, technology and creative arts.
- Social protection including a conditional cash transfer program.
- Responsible parenthood backed by family planning.