Left to right: PAMI Head of Investments Junie Banaag, AIA Group Chief Economist Brian Murray, PAMI President and CEO Eric Lustre, Rampver Strategic Advisors Managing Director and Founder Rex Mendoza, PAMI Head of Retail Sales Zedric Matubis, Philam Life Head of Fixed Income and Corporate Finance Vince Daffon.
PHILAM Asset Management, Inc. (PAMI) flied in economic experts to Visayas for the third leg of their Economic Outlook series entitled “2017 Unboxed: Unleash the Market’s Potential”. The event was held in the grand ballroom of Cebu City Marriott Hotel.
The event was also in celebration of the Chinese New Year. Thematic to the holiday, PAMI opened the show with a dragon and lion dance performed by the Cebu Traditional Wushu dancers. Shortly after that, PAMI called on stage the panel speakers, Rex Mendoza of Rampver Strategic Advisors, Brian Murray of AIA, and Junie Banaag of PAMI and Vince Daffon both of Philam Life.
Specialists Sit Down
The panel was opened with a discussion on the global economic overview by Brian Murray. Murray presented his views on the US and China economic situation.
Rex Mendoza shared his insight on the local economic outlook. He mentions that the factors that brought us the high growth rate over the past years are going to be the same factors that can carry us on and give us the growth in 2017 and the years beyond.
To discuss the equity market, Eduardo “Junie” Banaag addressed key themes to which investors are uncertain about. One point mentioned was that the change in leadership will not affect the country’s credit ratings. “Our credit ratings will remain the same”. The tax policy will change in the next 5 years and it will be for the better.” Vince Daffon explained the outlook for the local fixed income market in 2017, with the 10-year Philippine government bond yield expected to increase to 4.80% by December from 4.65% at end-2016. However, yields have gone down in January due mainly to prevailing uncertainty over the execution of economic policies planned both in the US and the Philippines. /PR