The Philippines is resilient, says top RP CEOs, gov’t officials

Some of the Philippines’ chief executives and government officials remain upbeat regarding the country’s economic performance and have expressed their confidence in the resiliency of the Philippines given what is expected to be a long and deep global economic downturn.

Audit and business advisory firm Isla Lipana & Co., the Philippine member firm of the global PricewaterhouseCoopers network, sought to answer the question if CEOs in the Philippines are bullish about their organizations’ growth prospects through interviews.

The project, called “Philippine Resiliency: A Gem Uncovered,” involved publishing in a booklet the insights of CEOs of some of the country’s largest and most important companies such as Jaime Augusto Zobel de Ayala of Ayala Corporation, Gigi Montinola of the Bank of the Philippine Islands, Ed Chua of the Shell companies in the Philippines, Erramon Aboitiz of Aboitiz Equity Ventures, Tony Tan Caktiong of Jollibee Foods Corp., Lance Gokongwei of JGSummit Holdings, Pedro Roxas of Roxas Holdings, and Rex Drilon II of Ortigas & Co. Ltd.. Views of the heads of sectoral organizations were gathered as well such as those of Corazon de la Paz-Bernardo of the International Social Security Association, Ramon del Rosario Jr. of the Makati Business Club, and Oscar Sañez of the Business Processing Association of the Philippines.

Former Chairman & Senior Partner Tammy H. Lipana sums up the experience, thus: “It is heartening to note that these top CEOs are indeed unfazed by the global economic slump and, in fact, are enthusiastic about what is in store for the country and their companies over the long term. We hope foreign investors and other stakeholders will share this optimism on the Philippines.”

For her part, newly-elected Chairman & Senior Partner Judith Lopez expressed her appreciation to the interviewees. “The CEOs featured in this booklet inspire us with their unique and personal insights on the Philippines and Filipinos amidst a challenging business environment.”