The asset management and trust arm of Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife) is bullish on the local capital markets on the back of sustained economic growth amid transitory and external headwinds.
In a press briefing, Manulife Asset Management and Trust Corp. (MAMTC) President and Chief Executive Officer Aira Gaspar said the firm continues to be bullish on the domestic equity and bond markets due to sustained economic growth.
“Actually, despite the headwinds over the last five years, the Philippine economy has consistently delivered at least 6% GDP (gross domestic product) growth, and this year the economy expects GDP growth of 6.8%,” Ms. Gaspar told reporters Friday.
She added that the elevated inflation, although transitory, remains a “key headwind.”
“The elevated inflation is a key headwind… We see this as transitory, and we think that the Philippine economy will remain buoyant and is actually in a better position now to weather these headwinds.” — Karl Angelo N. Vidal

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