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DATE AND TIME
Thu, 27 Sep. 2018, 09:00
Thu, 27 Sep. 2018, 10:30
In-conversation with H.E. Ramon M. Lopez, Secretary of Trade and Industry – the Philippines
The World Bank predicts the Philippine economy will continue to grow at an annual rate of 6.7 per cent in both 2018 and 2019, making it one the strongest performers among major developing economies.
The performance is put down to increasing urbanisation, a growing middle-income class, and a large and young population. The Philippines’ economic dynamism is rooted in strong consumer demand supported by improving real incomes and robust remittances. Business activities are buoyant with notable growth in the services sector including the Business Process Outsourcing, real estate, finance and insurance industries.
The economy is currently growing at its potential but its investment growth hinges on the government’s ability to implement its ambitious public investment programme. President Duterte’s ‘Build Build Build’ programme aims to accelerate infrastructure spending and develop industries that will lead to job creation and raise the country’s standard of living.
But don’t take our word for it. As part of the UKABC’s Business Briefing Series, hear UKABC Chairman – Kevan Watts in-conversation with Secretary Lopez about the Philippine government’s strategic plans to increase FDI and continue to grow the economy.
This event is for UKABC Partners and invited guests. To express an interest in attending please email firstname.lastname@example.org.
- Philippines Economic Update: Investing in the Future – World Bank, 2018.04.16
- Understanding the ‘Build, Build, Build’ program – Inquirer.net, 2018.07.28
- ‘Build Build Build’ – www.build.gov.ph
- IMF sees Philippines’ GDP growth at 6.7 per cent in 2018, 2019 – Reuters, 2018.07.25
- British Chamber of Commerce Philippines – www.britcham.org.ph
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