Duterte economic agenda can gain traction: analyst


Presumptive President Rodrigo Duterte’s nine-point plan to grow the economy by fighting crime and corruption can gain traction with the right people appointed to key posts, an analyst said Wednesday.

Duterte, who assumes office on June 30, will preside over an economy that is forecast to grow between 6.8 to 7.8 percent for the full year after expanding by 6.9 percent in the first quarter.

“The bullet points he presented can gather traction as long as he appoints the right people. A lot of us in the economic community, people are watching,” R.S. Lim and Co president Ali Yu told ANC’s “Market Edge with Cathy Yang.”

Duterte has appointed his campaign adviser, University of the Philippines economics professor Ernesto Pernia as his socio-economic planning secretary. Pernia joins incoming finance secretary Carlos Dominguez, a hotelier and former agriculture minister, in the new government’s economic team.

“The names are credible. Some may not be known to the vast majority… We really just have to give them a chance, for everybody to perform,” Yu said.

Duterte’s eight-point agenda includes a revamp of the tax system, increasing support for education and agriculture and cutting red tape.