Financial experts will take a hard look at the prospects for the country’s economic recovery this year during The Manila Times Economic Forum 2021 today, February 26.
After a 9.5-percent contraction of the gross domestic product (GDP) last year due to the ravages of the Covid-19 pandemic, several private institutions as well as the government are looking forward to the economy rebounding this year.
The forum, “Rising from the ashes: From pan-Asian to pan-Global,” will discuss measures lined up by the public and private sectors to ensure economic recovery.
Finance Secretary Carlos Dominguez 3rd, Bangko Sentral ng Pilipinas Governor Benjamin Diokno, and Asia Pacific Credit Suisse’s Vice Chairman and Managing Director Jose Isidro Camacho will the guest speakers.
Eduardo Francisco, president of BDO Capital and Investment Corp., will be the reactor.
Broadcast live on The Manila Times Facebook page and YouTube channel from 10 a.m. to 12 noon, the forum will be moderated by The Times President and Chief Executive Officer Dante “Klink” Ang 2nd and business columnist Ben Kritz.
Ang said The Manila Times forum is an extension of the paper’s commitment to deliver quality news and other content to its readers and other audiences.
“The economic forum is an event that The Times hosts every year, since we have been organizing events. Because of the pandemic, however, these events were migrated to a virtual platform for public health safety,” he said.
Ang said the forum invited speakers “who report on the state of the national economy, the outlook for the year and beyond, and identify opportunities and challenges that are relevant to policymakers and other national leaders.”
“It was reported earlier that the Philippines should experience a robust rebound this year, perhaps even a V-shaped recovery. We look forward to hearing an update on this from our speakers,” Ang said.
Asked for the points he will be raising during the forum, Dominguez told The Times he will discuss the country’s fiscal position, and the government’s 2021 prospects, priority legislations, financing, revenue generation, diplomatic initiatives, and climate change initiatives.
Diokno said he will expound on the central bank’s view that “the economy will have a strong rebound this year and next,” which is based on quarter-on quarter-improvements in the GDP, improved business and consumer outlook, within target inflation, ample liquidity in the system, sound and stable Philippine banking system, sustained robust external payments position, and manageable fiscal deficit.
The forum will be co-presented by InfiniVan.
Gold sponsors include BDO Unibank Inc., Megaworld Corp., PLDT Inc., Smart Communications, Pilipinas Shell and SM Investments Corp. Bronze sponsors are Hilton Manila, Huawei, Maybank Philippines, United Laboratories Inc. and Philippine Veterans Bank.
The Manila Times would also like to acknowledge its special partner, the Philippine Amusement and Gaming Corp., and its media partner, TMT TV.