Signify Philippines, the local arm of one of the world’s leading lighting manufacturers, said it is expecting up to double-digit growth by year-end, driven mainly by stronger private-to-public partnerships (P2P) and growing demand from the manufacturing sector.
“We grew last year. We’re aiming for the same growth this year. We’re looking at maybe 8% to 12%,” Redin Aliling, commercial lead for professional business at Signify Philippines, said during a media roundtable lunch on Thursday.
The company has various ongoing lighting projects with the government, including partnerships with the local governments of Baguio, Ormoc, and Manila, as well as an ongoing railway project. These mainly cover solar lighting, street lighting, office lighting, and façade beautification, Mr. Aliling said.
He added that Signify has more P2P projects in the pipeline and is actively expanding partnerships with more local government units (LGUs) with strong financial capacity, as part of efforts to increase the government’s share in its total project portfolio from around 10% to up to 15%.
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