The Philippine Furniture Manufacturers and Dealers Association celebrated its 69th anniversary and the induction ceremony of its 63rd to 64th officers on January 18 at the East Ocean Palace Restaurant in Paranaque City.
Yang Hong Qian was elected as the new president of the association.
The Federation of Filipino-Chinese Chambers of Commerce and Industry (FFCCCII) led by its president Victor Lim attended the event.
FFCCCII honorary president Dr. Cecilio Pedro served as the guest speaker.
In his speech, Lim extended his warmest congratulations to the association, highlighting the growth of the Philippine economy and the increasing middle-class population.
He noted that as people’s demand for higher quality of life rises, particularly among Catholics, Filipinos are willing to invest in quality household items.
Despite challenges such as rising costs and intense competition, Lim projected that the Philippine furniture industry market is expected to reach $1.715 billion, with exports potentially hitting $3 billion.
He said foreign demand, along with the growth in domestic tourism and the real estate sector, will provide significant profit potential for the industry.
Pedro, in his remarks, said the plans for the year will commence in spring, urging everyone to act swiftly at the beginning of the year.
Both Pedro and Lim reaffirmed their commitment to collaborating with the Philippine Furniture Manufacturers and Dealers Association to protect the legal rights of the Filipino-Chinese community and contribute positively to society and national development.
