Rizal Commercial Banking Corp., a member of the Yuchengco Group of Companies, said it sees encouraging developments for investments in the offshore markets on the back of strong signs of economic recovery.
RCBC Trust and Investments Group head Robert Ramos said in a statement the positive growth of different countries signaled a positive recovery amid the COVID-19 pandemic.
“With the recent announcement of Pfizer and BioNtech’s more than 90-percent effective vaccine testing, the market is now seeing the light at the end of the tunnel. We also saw quarter-on-quarter improvement in terms of GDP on a per country basis globally,” Ramos said.
He said while there were still challenges in terms of offshore investments as the direct and indirect impact of the pandemic varies per region or country, corporates should grab opportunities to convert their investments to income.
Ramos said that before investing funds in offshore markets, factors such as risk assessment on the financial instrument should be initiated and analyzed.