Future Evolution for Corporates - a focused session only for Corporates in the Filipino community
Despite the continued strong domestic demand, the International Monetary Fund (IMF) has lowered the economic growth forecast for the Philippines in to 6.2%, in 2017. With the ASEAN Economic Community (AEC) now in place, the Philippines has ambitious plans ahead to increase competitiveness by improving capacity, upgrading infrastructure, and bolstering economic growth, all of which are key factors to providing the nation with a stable foundation for its financial services.
Corporations in the Philippines are increasingly beginning to realise the need for adopting a more sophisticated, centralised and global approach to treasury management. As more and more Southeast Asian companies follow the trend in a global business approach it creates a challenge for finance decision to provide treasury support to sustain the business initiatives. Many of these growing businesses are striving to remain competitive with their competitors abroad that may already be utilising modern treasury technology. The success of your treasury strategies will also depend on the corporate ability to retain and attract the right talent. With a growing demand from the corporate community to align the communication standards with banks in the domestic Filipino market. The Corporate-to-bank (C2B) initiative will bring greater alignment between corporates and banks on financial requirements. SWIFT is playing an essential role to provide a platform to define standardisation in the Philippines financial community.
The Forum will look at the challenges faced by treasury managers in keeping up with the pace of change and provide updates on the current stages of C2B initiative and the future plans.
You will hear from leading industry speakers alongside SWIFT experts and peer-to- peer discussions to learn about what SWIFT is doing to meet the needs of its community. The event is complimentary from SWIFT and will also be an excellent opportunity to discuss and share experiences to shape the conversation in the treasury world.
We look forward to welcoming you all in May 2017.
Head of Corporate Sales, Asia Pacific,