EXPANSION PLANS may have to be put on hold as companies seek more clarity in the direction of global trade, according to the Management Association of the Philippines (MAP).
“I’m sure the companies will tighten their belts if they know their revenue lines are not coming in,” MAP President Alfredo S. Panlilio said in the sidelines of a BusinessWorld Economic Forum on May 22.
He expects an episode of minimal growth as trade stalls in the face of the US tariffs.
Mr. Panlilio noted that Semiconductor and Electronics Industries in the Philippines, Inc. President Danilo C. Lachica expects “modest” growth for the leading Philippine commodity export.
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