HSBC Philippines president and CEO Sandeep Uppal told reporters yesterday that the bank plans to drive both economic growth and sustainability over the next few years, focusing on strategic investments and partnerships to support the nation's development.
"A key driver of economic growth is strong collaboration between the private sector and the government. As a global bank with deep local expertise, we've always been committed to acting as a bridge to unlock opportunities for development," Uppal said.
"We're optimistic about what we can do to collectively propel the Philippines from ASEAN's rising star to Asia's superstar," he said.
Uppal said that in order for the Philippines to become Asia's superstar, the country has to grow above seven percent to a double-digit GDP figure in the coming years.
Diese Geschichte stammt aus der November 06, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 06, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Review of anti-dumping duty on cement imports starts
The Tariff Commission (TC) has started its review of the anti-dumping duty slapped on cement imports from Vietnam.
Globe elected to GSMA board
Ayala-led telco giant Globe Telecom Inc. has marked a significant milestone with its election to the prestigious board of the GSMA, a global organization of mobile network operators.
Sugar alternatives to be slapped with import clearance fees
The Sugar Regulatory Administration (SRA) is inching closer to imposing import clearance fees on sweeteners like glucose and fructose as it seeks to monitor the entry of the raw sugar alternatives amid concerns over unabated imports to the detriment of local farmers.
Upskilling, ease of doing business remain businessmen's top concerns
Upskilling the workforce in light of technological developments and improving the ease of doing business are important concerns for businesses that need to be addressed, according to the Management Association of the Philippines (MAP).
Aboitiz Infra ready to take over Bohol-Panglao airport
Aboitiz InfraCapital Inc. (AIC), the infrastructure arm of the Aboitiz Group, expects to sign by the end of the year the concession agreement for the Bohol-Panglao International Airport, setting the stage for its planned upgrades that will begin in 2025.
Phl bond market grows at faster pace
Growth in the Philippine bond market picked up pace in the third quarter from the previous three-month period as both government and corporate bond issuances increased, according to the Asian Development Bank (ADB)
SMIC bankrolls P115 B anew for 2025 capex
SM Investments Corp. (SMIC), the investment holding company of the Sy family, is expected to spend as much as P115 billion again for its capital expenditures next year to support its growth initiatives.
Phinma raises P1B from SRO
Phinma Corp., the diversified conglomerate of the Del Rosario Group, will pursue with its expansion initiatives after raising P1 billion from its successful stock rights offering.
MGen to spend $2 B for expansion
Meralco PowerGen Corp. (MGen), the generation arm of power giant Manila Electric Co. (Meralco), has estimated a capital outlay of at least $2 billion to develop two coal-fired power facilities in Cebu and Quezon.
Gas power in Asia and Pacific Light
SINGAPORE - It's the city of bright lights, fast and efficient trains underground, the regional headquarter of many big multinationals from the West and the host of one of Formula 1's famous races held at night because it can afford to brighten the road tracks as if it is daytime.