The company joins the 2019 Pre-Sona Economic and Infrastructure Forum held at the Philippine International Convention Center (PICC), Pasay City to strengthen the on-going development of FILIPAY on PUV Modernization under Build Build Build project. As favourable trends in the economy are expected to have positive spill-over effects on the performance of enterprises, businesses turned even more bullish on their growth prospects in the first quarter of 2019. One of the highlights of the program is the progress and development of infrastructure in all regions aiming to deploy within 3 years.
Backed by encouraging growth trend and solid fundamentals, the Philippines aims to graduate an "A" rated economy by 2022. A credit rating within the "A" scale will help to place the Philippines to be considered by the country's economic officials as Asia's next economic power-house on the radar of more investors across the globe. This is because some asset management companies have a policy of investing only in securities issued by entities that enjoy ratings within the "A" territory. Recent developments have proven that the goal is attainable.
In addition, achieving the increased in job creation over the medium to long term will yield massive benefits to the country. A positive employment index indicates that the number of firms that state that they plan to hire more workers outnumber those with no plans. Expounding on their optimism, respondents said they expected to benefit from the country's favorable macroeconomic conditions such as a slowdown in inflation and sustained robust economic growth.