Thursday, October 26, 2023

BDO Promotes Economic Growth in the Philippines

To speed up commercial commerce and activity, BDO Unibank Inc. (BDO) promotes investments in infrastructure and transportation projects like airports and road networks.

The PHP25 billion investment by Aboitiz Infracapital, Inc. (AIC) in GMR-Megawide Cebu Airport Corporation (GMCAC), the developer and operator of the acclaimed Mactan Cebu International Airport, was made possible by BDO Capital & Investment Corporation (BDO Capital). This deal is a significant turning point for the transportation and mobility sector. It represents a strong vote of confidence in the Philippine aviation sector and intends to hasten the country's economic expansion. BDO Capital served as a sell-side financial advisor to GMR Airport International BV and Megawide Construction Corporation.

BDO Capital acted as a joint mandated lead arranger and bookrunner in San Miguel Corporation’s (SMC) Metro Rail Transit 7 (MRT-7) project which runs from Quezon City to San Jose del Monte, Bulacan. The train will have 14 stations along a 22-kilometer elevated railway line. As one of the 194 high-impact infrastructure projects under the administration’s “Build Better More” program, MRT-7 will provide livelihood, help fuel the economy, and contribute to the nation’s progress.

In Photo: Eduardo V. Francisco, President of BDO Capital, one of the speakers at the British Chamber of Commerce of the Philippines’ (BCCP) Economic Forum, discussed significant policies, reforms, and economic opportunities in the country among corporate and business leaders, economists and investment companies.

At the British Chamber of Commerce of the Philippines’ Economic Forum, Eduardo V. Francisco, President of BDO Capital said that BDO continues to play a significant role in supporting various Public Private Partnership (PPP) deals to raise the Philippines’ competitiveness as an investment and tourist destination. “Improved accessibility would allow further growth in the tourism industry while the logistics chain will benefit from a better transportation system,” he added.

BDO recognizes the crucial role of financial institutions in sustaining economic growth in the country.  The Bank’s financing of vital projects is aimed at supporting businesses, boosting the economy, and providing opportunities to Filipinos. 

BDO is the country’s largest bank in terms of total assets, loans, deposits, and trust funds under management. The Bank also has the country’s largest distribution network, with over 1,600 consolidated operating branches and more than 4,700 ATMs nationwide, with 16 international offices in Asia, Europe, North America, and the Middle East. Extensive digital banking solutions are available to make banking easier, faster, and more secure for its clients.

1 comment:

  1. Aiming for all the better , development,growth which we deserved,no doubt it was the best ,,BDO