Philippines Freight Transport Report - Business Monitor International - Industry Reports

Philippines Freight Transport Report

Philippines Freight Transport Report - Business Monitor International - Industry Reports
Philippines Freight Transport Report
Published Oct 31, 2015
56 pages — Published Oct 31, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: Overall, ---- will be a year of mixed growth across the Philippine freight transport industry, with air freight set for a robust expansion, while road haulage will be more sedate. External headwinds will weigh on exports, but strong domestic demand and investment should support continued volume growth. ...Deteriorating regional demand conditions will weigh on export performance in the Philippines, acting as a drag on the Philippine economy and adding downside pressure on the peso. Mounting concerns over the Chinese economy following the People s Bank of China (PBOC) s cumulative -.- devaluation of the yuan in August could also undermine regional growth prospects, potentially contributing to rising fears of default risks in the region. Despite this, we expect that the economy as a whole will remain resilient thanks to a likely uptick in fiscal spending, which should in turn support imports. ...Growth in air freight will be supported by healthy economic growth in the Philippines over the next several years. The poor outlook for exports - owing to depressed demand from major regional trade partners China and Japan - could weigh on volume growth, but we expect that this will be offset by resilient domestic demand, which will drive demand for imported consumer and capital goods transported by air freight.

...President Benigno Aquino III of the Liberal Party has promised to root out the excesses of the preceding administration, which could help to recover resources lost to corruption in past years. Tentative plans to adopt a parliamentary-style constitution, a process referred to locally as charter change, or cha cha , could reduce the concentration of executive power. Plans to eventually move towards a federal structure would decentralise political power and very likely improve regional governance. Development plans are on the cards following the government s signing of the final comprehensive peace deal with the nation s largest Muslim rebel force, the Moro Islamic Liberation Front. The government is also seeking a peace agreement with the communist New People s Army, which also poses a threat in the region, but progress has been slow. ...Development plans are on the cards following the government s signing of the final comprehensive peace deal with the nation s largest Muslim rebel force, the Moro Islamic Liberation Front. The government is also seeking a peace agreement with the communist New People s Army, which also poses a threat in the region, but progress has been slow.

...The government is expected to ease foreign ownership restrictions in the Philippines construction sector which might lead to a boom in the sector. This can provide a major spur for growth of both the freight sector as well as the overall economy. ...

  
Source:
Document ID
1750-5186
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Philippines Freight Transport Report" Oct 31, 2015. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Freight-Transport-Report-2026-54>
  
APA:
Business Monitor International - Industry Reports. (2015). Philippines Freight Transport Report Oct 31, 2015. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Freight-Transport-Report-2026-54>
  
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