BDO supports key sectors driving PHL’s economic growth

BDO Unibank, Inc. is increasing its support for key industries expected to drive the Philippines’ economic recovery and growth.

Executive Vice President and Head of the Institutional Banking Group (IBG), Charles M. Rodriguez, highlighted the bank’s key role in the country’s development during his recent keynote presentation.

BDO identifies expanding opportunities in the utilities and infrastructure, logistics, tourism, construction, manufacturing and professional services sectors.

These sectors, despite setbacks during the pandemic, are showing promising signs of recovery. The government’s commitment to infrastructure development, increasing tourist arrivals and growing industrial production gives rise to optimism about sustainable growth.

Rodriguez highlighted the resilience of the fast-moving consumer goods (FMCG) and healthcare sectors, calling them “crisis-proof.”

He noted that these sectors present credible investment opportunities driven by changing consumer preferences and increased health awareness post-Covid-19.

BDO has strengthened partnerships with key healthcare institutions, including Medical City, to expand patient care services and create more jobs in local communities.

The bank also supports FAST Logistics Group in enhancing its distribution network and improving supply chain efficiency and resilience, maintaining its status as a leading logistics and supply chain management company in the Philippines.

Additionally, BDO has funded ACEN Corporation for renewable energy projects, PrimeWater Infrastructure for reliable water distribution, and NAIA Infrastructure Corporation for transportation and mobility improvements.

“Our role is to create positive change for our clients, help them achieve their goals and thereby contribute in a more meaningful way not only to our development as a bank, but more importantly, to the development of our country,” Rodriguez said.