Metro Manila (CNN Philippines, January 10)— DMCI Holdings chairman and president Isidro A. Consunji is bullish about the group’s operations this year, but remains “cautious” amid economic uncertainties.
The executive is keeping this outlook \”due to the combined effect of cooling inflation, stabilizing interest rates, China’s economic slowdown, and modest growth in the domestic energy market,\” the firm said in a statement on Wednesday.
\”Slowing sales and manufacturing in China could keep a lid on commodity prices,\” Consunji was quoted as saying in the same statament. \”With less demand and activity, we expect prices to be somewhat lower than last year.\”
DMCI Holdings is a listed company with businesses in construction, real estate, coal and nickel mining, power, and water.
As monetary authorities are expected to ease interest rates, subsequently pulling down borrowing costs, Consunji said this would spur economic activities.
The group is also banking on the government’s plan to ramp up infrastructure projects.
\”Improved scheduling and payment processes for these projects are expected to hasten construction activities, a development that could have ripple effects across various sectors of the economy,\” he said.
The real estate industry has also been showing \”signs of recovery,\” Consunji said, with DMCI’s Solmera Coast in Batangas recording ₱6.8 billion in reservation sales.
\”Overall, we expect the DMCI group to deliver another resilient performance this year,\” he said.
