Speaking before leading multi-national companies in the Southeast Asian region, Philippine Finance Secretary Benjamin Diokno called for stronger regional cooperation, saying, “We believe international cooperation is key to equitable progress and shared prosperity, with Southeast Asia being an important node of growth for the global economy.”
The speech was made via pre-recorded video by Secretary Diokno, one of the guest speakers at the prestigious 2022 International Business Review (IBR) ASEAN Awards held in Kuala Lumpur, Malaysia last December.
With a global economic downtrend looming, a strong US dollar, a COVID-19 surge in China, and the Russian invasion of Ukraine, the former central bank governor believes that the region can withstand all these external shocks.
Secretary Diokno mentioned that healthy competition among organizations across the region can serve as a breeding ground for innovative thinking and pioneering solutions. “Over the long term, we envision an Asian economic community that will provide a strong driver for growth within the region and beyond,” he added.