Business, finance leaders seek growth amid volatility

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(File photo) Speakers gather on the first day of the 15th Forbes Global CEO Conference.

Metro Manila (CNN Philippines) — Achieving growth amid instability in global economies and financial markets were central to talks at the 15th Forbes Global CEO Conference on Tuesday (October 13) at the Solaire Resort and Casino in Manila.

Finance Secretary Cesar Purisima said that for the Philippines, investing more in public infrastructure, boosting intra-ASEAN (Association of Southeast Asian Nations) trade, and further increasing consumer spending will drive the country's long-term growth.

He added that the ASEAN economic integration — which will take place by the end of 2015 — will stress the need to improve the quality of public infrastructure, as connectivity is a major issue in global trade.

He admitted, though, that the government's backlog in building infrastructure is not a revenue problem, but one of implementation, given right-of-way issues and other bottlenecks.

The forum brings together over 400 leaders in business and finance from around the world — to share their experiences in weathering economic slowdowns, investing strategically, and boosting profits to benefit their employees. Forbes is hosting the event in the country from October 12 to 14.

CNN Philippines' Miro Capili contributed to this report.