Forty-nine percent of Filipino CEOs said they are “very confident” about their organization’s prospects for revenue growth in the Philippines in the next 12 months, PricewaterhouseCoopers reported Wednesday, ahead of the Asia Pacific Economic Cooperation summit in Vietnam. However, confidence about revenue surge among Philippine CEOs was lower than 2016’s 65 percent. Compared to a year ago, Philippine CEOs, however, are becoming less confident in terms of increasing profit margins in their domestic operations at 31 percent, compared to 29 percent of APEC CEOs that think the same. “Stronger prospects for GDP growth in some APEC economies and export markets in Europe are bolstering sentiment. International trade flows are picking up, projected to outpace global economic growth in 2017 for the first time in five years, according to the World Trade Organization,” it added.

Source: Philippine Star November 08, 2017 09:33 UTC