ALLHC Sees Benefits From Higher US Tariffs

Ayala Land Logistics Holdings Corp. (ALLHC) is expecting to benefit from the higher tariffs imposed by the United States on most of its trade partners.

- - Richmond Mercurio

During the company's annual stockholders' meeting yesterday, ALLHC president and CEO Robert Lao said recent macroeconomic shifts offer a potential advantage for the company.

"The enhanced attractiveness of the Philippines as an investment hub is expected to boost demand for its industrial parks, warehouses and cold storage facilities," Lao said.

"Moreover, the Philippines' competitive rates within ASEAN could make our sites a preferred location for manufacturers, directly benefiting ALLHC as they seek new operational sites," he said.

Earlier this month, US President Donald Trump slapped a 17-percent reciprocal tariff on all Philippine goods.