Despite the global economic slowdown and volatile market conditions, economists are bullish on the prospects of the Philippine economy in 2013. The Bangko Sentral ng Pilipinas, the country’s central bank, expects the national gross domestic product to hit the higher bracket of the official growth target of 6 to 7 percent this year.
The bright outlook comes after the Philippines’ remarkable performance last year, when the economy expanded by 6.5 percent in the first three quarters year-over-year to log one of the fastest growth rates in Asia for the period.
This year’s projected rapid expansion is seen to get a big push from various fronts, including strong household and government spending, rising private sector investments, a tourism and real estate boom as well as a strong rebound in the agricultural, manufacturing, and services sectors.
The forwarding and logistics community in particular is poised to gain from a revitalized Philippine economy.
This February, leading government and private sector officials will give in-depth discussions on how the shipping and logistics industries can ride the “unprecedented growth momentum” of the Philippine economy.
They will speak at the PortCalls Cargo Economics Conference 2013, to be held February 7 from 8 a.m. to 1 p.m. at the Manila Diamond Hotel.
Themed “Logistics Industry Opportunities in a Resurgent Philippine Economy,” the conference aims to provide Philippine cargo industry players with information crucial to effective business planning and decision making.
The invited speakers will share their knowledge and expertise on key investment opportunities opening up for interested supply chain investors.
Their talks will center on Philippine economic prospects this year, national strategies to boost supply chain productivity, and the impact of a reinvigorated manufacturing sector on the logistics business.
Around 100 executives from international shipping lines, international freight forwarding and customs brokerage companies, and other third-party logistics providers are expected to attend the trade gathering.
Interested parties may register with event organizer PortCalls at telephone numbers (632) 552-7072, 551-3871, or 551-1775; mobile (63) 0917 5555273; or email lizaalmonte@gmail.com.
Download the registration form HERE.
