Finance Secretary Carlos Dominguez 3rd will be meeting with Alibaba Group founder Jack Ma later this week to discuss digital commerce developments that could help fuel micro, small and medium enterprises (MSME) growth in the Philippines, the Finance department said on Monday. Dominguez will be leading a Philippine delegation and the meeting will be held in Hangzhou, China on February 1, the department said in a statement. Ma invited Dominguez to visit China for more extensive discussions on how to ensure an “enabling financial regulatory environment” for e-commerce growth in the Philippines, with MSMEs as the primary beneficiaries. The school is located next to the Alibaba head office in Hangzhou, the capital of Zhejiang province in east China. Ma told Dominguez during their 2017 meeting that he wanted to help create a cashless society in the Philippines and connect the country’s e-commerce markets to other markets in Europe, China and elsewhere.

Source: Manila Times January 29, 2018 16:07 UTC