is evolving, with budgets, commitments, and expenditures all tracked through the system.
aims to provide essential information for the decision makers quickly; it also aims to better communication between different government administrations and to smoothly exchange information, said Ghailan Mohammed Al-Shayf, the project's executive manager, adding that the system will save time and effort when searching for the documents needed.
, held at Shangri-La's Mactan Resort and Spa, served as the venue for ASEAN-member finance ministers to discuss investment opportunities in the region.
Dominguez III, among the top level Asean finance official attending the upcoming Afmis are Asean Deputy Secretary General Lim Hong Hin, Cambodian Secretary of State Sokha Nguon and finance ministers Pehin Dato Abdul Rahman Ibrahim of Brunei Darussalam, Sri Mulyani Indrawati of Indonesia, Johari Abdul Ghani of Malaysia and Apisak Tantivorawong of Thailand.
Afmis is one of the key events during the weeklong meetings of top Asean central bank and finance officials, which will lead to the Third Asean Finance Ministers' and Central Bank Governors' Joint Meeting on Friday.
This year, the AFMIS will tackle Asean's growth prospects, the ongoing initiatives of the Asean Finance Process to the Asean Economic Community, and the milestones and investment opportunities for individual economies and various country sectors.
The AFMIS has been held yearly since 2004 to promote Asean as an investment destination.
The WEF 2014 will coincide with the Young Leaders' Meeting on May 19 to 20, and the 10th ASEAN Finance Ministers Investors Seminar (AFMIS
) Wednesday at the Shangri-la Hotel and Manila Peninsula Hotel in Makati City.
"The breakout session on tourism and gaming during the 9th Asean Finance Ministers' Investor Seminar (Afmis) was well attended by fund managers, stock brokers, stock market analysts and representatives of various financial institutions.
The Philippines recently hosted the Afmis at the Island Shangri-La Hotel in Hong Kong where Naguiat was invited as one of the panelists during the breakout sessions.