JAZA upbeat on Phi growth prospects

Ayala Corp. chairman Jaime Augusto Zobel de Ayala is upbeat on the Philippine economy's growth this year.

- RICHMOND MERCURIO

Zobel said expectations within the Ayala group, the Philippines' oldest conglomerate, is that the country will once again maintain its position as one of the region's fastest growing economies this year.

"Prospects for our country, I've always been an optimist. I'm a great believer in the glass being half full always. And for 2024, the Ayala Group is optimistic that inflation will continue to come down, then capitalize on return of much robust consumer spending, a major driver of our economy in our country, and as well as higher investments for both the public and private sector as we move through the year," he said during an event organized by SGV & Co.

The country currently has all the ingredients to take it to the next level, he also said.