FFCCCII remains optimistic on PH economic growth despite nCoV threat

The Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. (FFCCCII) remains optimistic about the Philippines' economic growth prospects, ranging from 6.5 to 7.5 percent, despite the novel coronavirus threat.

FFCCCII president Henry Lim Bon Liong expressed faith in the country's vast potentials and resilience, emphasizing that the community will continue to invest and reinvest due to good long-term potentials.

He hopes the nCoV problem will end soon, similar to the SARS outbreak in 2003, after which Asian economies recovered quickly.

Lim assured that Filipino-Chinese businessmen are patient, long-term investors and that the Philippines has weathered worse economic threats before.

Continuous infrastructure projects are expected to modernize the Philippine economy and accelerate growth.

FFCCCII also urged tourism officials to upgrade historic and cultural tourist destinations during the temporary travel ban, and called for the passage of the CITIRA bill.