Quantcast
Latest Stories

PCCI sees high economic growth starting 2014

By

The Philippine Chamber of Commerce and Industry expects the domestic economy to grow at a high rate starting 2014.

PCCI vice chairman Donald Dee said in a yearend briefing that the domestic economy was expected to grow “beyond 7 percent” by 2014, saying next year (2013) “will be the year to prepare and become more competitive.”

Dee said that the momentum on the government’s infrastructure spending and public-private partnership (PPP) program, as well as businesses’ preparations for regional integration in the Asean, was expected to spur investments and business activity.

PCCI president Miguel Varela said that foreign investments and international trade would also grow, judging from the many inquiries for trade missions for various countries.

“There is much potential for further trade and investment, particularly from non-traditional markets like the Czech Republic, Turkey, Oman, Qatar, South Africa and Latin American countries,” Varela said.

This year alone, PCCI hosted about 20 trade missions and foreign business delegations. These included the non-traditional markets as well as Japan, Germany, Italy, India, Saudi Arabia, Taiwan and the United States.

Varela said these countries were looking at Mindanao following the signing of the historic Bangsamoro Framework Agreement, the peace accord that is seen to open the gates to investment inflows and realize the full potentials of Mindanao, the country’s food basket.

“Our local chambers are already collecting data on the sectors which have the most potential in each region as well as cooperating with their respective LGUs to improve the business process and licensing procedures. Doing so and bringing investors to Mindanao will help secure long-term peace and stability in the region,” Varela said.

Varela said the PCCI was optimistic that the current economic growth would continue to unleash the strong fundamentals of the economy even as the group remained mindful of the challenges that still needed to be addressed to secure the country’s proper place in global business and international trade.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: economy , forecasts , Philippine Chamber of Commerce and Industry , Philippines

  • http://profile.yahoo.com/UZF4OTGY4BREFE42RXP7FZJKFY Ding

    Yesterday’s issue of PDI, had, “PHILIPPINES SEES BRIGHT PROSPECTS FOR 2013″.

    Tuloy-tuloy na ‘yan.  SALAMAT TUWID NA DAAN…magtulungan tayo upang hindi na muling makapanira ang mga natitirang anay na patuloy na gustong makapanira.

    FORWARD PHILIPPINES WITH GOD’S BLESSINGS!

  • PinoyDude

    Kudos to the Philippines. I know that God looks after our country. Magtulungan po tayo!

  • Diablo_III

    Bawal ang CRABS dito… OK…

  • imftPH

    forward philippines, .god bless

  • FORTHE GOOD

    God bless the Philippines.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Kim Henares needs a reprimand, says Cayetano
  • AFP denies hand in disappearance of Tiamzon’s gardener
  • PH gov’t to verify MILF presence in Basilan clash
  • Padaca ‘eager’ to air side on trial over graft, malversation raps
  • DPWH to favor road rehab over preventive maintenance in next 2 years
  • Sports

  • Power Pinoys salvage 7th place in Asian men’s volley club championship
  • Knicks prevent Nets from clinching fifth seed
  • Arsenal beats West Ham 3-1 in Premier League
  • Memorial service marks Hillsborough anniversary
  • My ideal weight is 140, declares Pacquiao
  • Lifestyle

  • Celebrate Easter Sunday at Buddha-Bar Manila
  • Moriones feast: A slow, steady transformation
  • Weaving ‘palaspas’ a tradition kept alive in Tayabas City
  • Finalists announced for best translated books
  • Summer treat for your aspiring astronomers
  • Entertainment

  • Mommy Dionisia Pacquiao’s greatest hits
  • Deniece Cornejo posts bail—report
  • Miley Cyrus hospitalized, cancels US concert
  • Otaku Summer Jam 2014: Summer’s hottest J-rock/Cosplay event
  • 2NE1 returns to Manila with “All Or Nothing” Tour
  • Business

  • I-Remit teams up with Lakhoo for remittances from Oman
  • Megawide nets P1.4 B in 2013
  • Longer TRO sought on rate hike
  • Make a stylish statement with the all-new Yaris
  • Hearing set in Olarte case
  • Technology

  • Smart phone apps and sites perfect for the Holy Week
  • Tech company: Change passwords or suffer ‘Heartbleed’
  • Filling the digital talent gap
  • SSS to shut down website for Holy Week
  • Another reason to quit social media this Holy Week: your safety
  • Opinion

  • We may never know
  • Couple of things
  • Mommy D’s magic
  • Stop bizarre and bloody Good Friday rituals
  • Holy Week taboos
  • Global Nation

  • 2 PCG men ordered arrested over Balintang Channel shooting
  • US Embassy closed on Holy Thursday, Good Friday
  • Relief worker draws inspiration from helping Yolanda victims
  • Philippines says peace pact should hold despite clashes
  • No travel restrictions to Middle East amid MERS-CoV scare
  • Marketplace