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Thursday, December 5, 2024

BDO supports rapidly growing key industries

BDO Unibank Inc. plays a pivotal role in helping fuel national development by offering crucial support to companies amid changing market conditions, one of its top executives said.

The bank recognizes the expanding opportunities in utilities and infrastructure, logistics, tourism, construction, manufacturing and professional services. These industries, marked by an upswing in activity, showcase prospects for both investors and financiers looking to generate value, said Charles Rodriguez, executive vice president and institutional banking group (IBG) head.

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He said that despite setbacks during the pandemic, these industries exhibit promising signs of recovery. The government’s commitment to infrastructure development, coupled with increasing tourist arrivals and growing manufacturing output, ignites optimism for sustained growth in these sectors.

Rodriguez underscored the resilience of industries like fast-moving consumer goods (FMCG) and healthcare, which have proven to be steadfast pillars of economic stability.

Despite market fluctuations, these sectors remain ‘crisis-proof,’ presenting reliable investment opportunities driven by evolving consumer preferences and heightened health awareness following the COVID-19 pandemic, he said.

BDO said it enhanced its partnerships with key healthcare institutions such as The Medical City to accommodate more patients and employ more individuals in the communities it serves.

BDO also supported FAST Logistics Group to further widen its distribution network across the country, and bolster their supply chain efficiency and resilience.

FAST Logistics Group maintains its position as the most innovative and tech-forward logistics and supply chain management company in the Philippines.

BDO said it also provided the required financing to ACEN Corp. for more renewable energy sources, PrimeWater Infrastructure for safe and reliable water distribution and NAIA Infrastructure Corp. for more efficient transportation and improved mobility.

“Our role is to bring positive changes to our clients, help them achieve their goals and thereby contribute in a more meaningful way, not only to our growth as a bank but more importantly, to our country’s development,” said Rodriguez.

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