GT Capital gearing up for PH's move to 'upper middle-income' country | ABS-CBN
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GT Capital gearing up for PH's move to 'upper middle-income' country
GT Capital gearing up for PH's move to 'upper middle-income' country
ABS-CBN News
Published Apr 02, 2024 11:01 AM PHT
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Updated Apr 02, 2024 12:23 PM PHT
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MANILA — GT Capital said it is cautiously optimistic for the company's growth this year following a record performance in 2023.
MANILA — GT Capital said it is cautiously optimistic for the company's growth this year following a record performance in 2023.
On ANC's "Market Edge", the firm's executive vice president and chief finance officer Francisco Suarez Jr. sought to temper investors' expectations on the back of still-high interest rates.
On ANC's "Market Edge", the firm's executive vice president and chief finance officer Francisco Suarez Jr. sought to temper investors' expectations on the back of still-high interest rates.
He also said that the company is gearing up for the Philippines' move from lower middle-income to becoming an upper middle-income country.
He also said that the company is gearing up for the Philippines' move from lower middle-income to becoming an upper middle-income country.
The World Bank considers economies with Gross National Income per capita of between $4,256 and $13,205 as upper-middle income.
The World Bank considers economies with Gross National Income per capita of between $4,256 and $13,205 as upper-middle income.
According to World Bank data, the Philippines' GNI per capita in 2022 was $3,950, or around P222,138. — ANC, 2 April 2024
According to World Bank data, the Philippines' GNI per capita in 2022 was $3,950, or around P222,138. — ANC, 2 April 2024
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