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WBF has more than 20 years of Philippine experience in helping companies understand their market and operating environment. In those years, it has guided over 40 companies in launching their products... Read more
PEER GROUP SERVICES
WBF has over a quarter of a century experience in professional consulting and assisting business in their operations in the Philippines. It has gained a well-deserved reputation among the foreign and local business community in the Philippines... Read more
Delegates and organizers of the ASEAN-China Center (ACC) 21st Century Maritime Silk Road meeting being held in this southeastern Chinese city are optimistic that the visit of President Rodrigo Duterte in Beijing will further strengthen ties between the 2 countries. ACC secretary general Yang Xiuping said the Philippines and China are traditional allies and Pres. Duterte’s visit “will spike not only the trade between the two countries but also the political realignments.” She, however, refused to comment on the possible outcome of the visit and its political implications on both China and the Philippines with regard to the latter’s volatile relationship with the U.S.
Economic growth will likely be uninterrupted by political “noise” generated by President Rodrigo Duterte’s outbursts, since this has so far left reforms unscathed, Nomura Global Research (Nomura) said. An above 6% expansion is expected to continue until 2018, Nomura economists said, with Pres. Duterte’s reform agenda -- led by an infrastructure push, fiscal restructuring, as well as cutting red tape and corruption -- expected to sustain the country’s robust growth despite hiccups from his controversial tirades, to the point of even surpassing the past administration’s successes. Gross domestic product (GDP) growth is expected to clock 6.7% this year, close to the higher end of the government’s 6-7% goal and higher than forecasts given by multilateral lenders. The projected pace eases to a 6.3% expansion in 2017 and then picks up to 6.5% in 2018.