00:00The HSBC Global Private Banking and the Bank of America, or BOFA, reported the country's economy is projected to deliver one of the strongest growth in the Association of Southeast Asian Nations, or ASEAN, this year.
00:15According to Philippine News Agency's report, HSBC Global Private Banking and Wealth Chief Investment Officer for Southeast Asia and India, James Cheo, said economic growth would be driven by robust domestic consumption, a thriving business process, outsourcing or BPO sector, and increasing investments in digital services.
00:39He added the country's strength in services exports, particularly in information technology and BPO sectors, serves as a safeguard against global trade uncertainties and tariff challenges.
