HSBC betting on Phl consumption, mobility, renewables sectors
The Philippine Star|January 10, 2025
HSBC Philippines, a long-standing player in the country's financial landscape for nearly 150 years, is optimistic about several key sectors driving the Philippine economy in 2025, with focus areas spanning consumption, mobility and renewable energy.
By KEISHA TA-ASAN

HSBC Philippines president Sandeep Uppal expressed confidence in the bank's ability to support its clients and contribute to the country's economic growth amid global uncertainties.

He said it is important to understand clients' plans for 2025, particularly in the context of international operations and opportunities.

"Our discussions with clients have centered around their strategies for the year. This includes whether they are looking to expand overseas or if multinational corporations, many of which we serve globally, are entering the Philippine market," Uppal said.

He said that HSBC's role is to provide clients with the financial support they need, whether facilitating outbound investments, inbound expansions or addressing their trade and cash management requirements.

When asked which sectors he is most optimistic about, Uppal highlighted consumption, mobility and renewable energy as key drivers of growth for the Philippine economy.

هذه القصة مأخوذة من طبعة January 10, 2025 من The Philippine Star.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 10, 2025 من The Philippine Star.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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