IslamicFinance.de

The #Philippines’ incoming finance minister is looking at raising debt via sukuk bonds and yuan borrowings in a bid to diversify its debt profile. The Philippines last went to the debt market in February selling $2bn of 25-year bonds. Minister Carlos Dominguez is also planning to impose new taxes on more unhealthy products to compensate for a planned cut in income taxes. He also said he would put casinos under an anti-money laundering legislation to avoid a repeat of the Bangladesh Bank heist. Dominguez is returning to the Cabinet after 27 years and will assume office on June 30.