The Chamber of Automotive Manufacturers of the Philippines, Inc and the Truck Manufacturers Association recently held Symposium on China’s Growth Slowdown. Executive officers of both industry association members and guests from media gathered last September 23 at Acacia Hotel in Muntinlupa. The symposium aims to inform guests on the implications of China’s recent economy crisis to the Philippine economy and to the Philippine automotive industry.
The symposium was led by the roster of experts – Mr. Zeno Ronald Abenoja, Director of Dept. of Economic Research at Bangko Sentral ng Pilipinas, Mr. Deogracias Vistan, Independent Director of Philippine National Bank, and Dr. Bernardo Villegas, University Professor at University of Asia and the Pacific. Collectively, they enlightened us that the Philippines and the automotive industry are, like Filipinos, resilient to the economy crisis. The Philippines’ economy is strong enough not to be affected by China’s economy because peso is stable, OFW remittance is strong, and the inflation rate is low. Because of this, the automotive industry is not affected as well.
You may check the pictures on the symposium by visiting this link.