The theme of the 15th M.A.P. International CEO Conference 2017, “ASEAN in Business: Building Partnerships in a Growth Network,” helped shape the PwC M.A.P. 2017 CEO Survey.
With the goal of working together to make the ASEAN integration successful, we asked our leaders to share their views on the growth prospects of the Philippines and the rest of ASEAN, as well as their plans to further expand their businesses and address the challenges along the way.
It is encouraging to know that our leaders are moving towards forming more partnerships, both formal and informal – not only to accelerate their growth, but to help the country and other entrepreneurs as well.
This year, we are also featuring the stories of key business leaders to share the lessons they learned from their partnerships and from their experience in expanding their businesses. Two of our government leaders share their vision for the country, and their plans to make their vision a reality. We hope that this report will inspire our leaders to reimagine the possible – not only in the Philippines, but throughout ASEAN.
PwC Philippines is the official knowledge partner of the 15th M.A.P. International CEO Conference 2017
120 CEOs
114 survey respondents, 10 face-to-face interviews
75%
are planning to enter into a
strategic alliance or partnership
45%
will likely compete in other countries
"Without these shared vision and belief with the private sector, as well as trust in each other, the government would not be able to attain its goals."
Hon. Ramon M. Lopez, Secretary, Department of Trade and Industry
"We’re encouraging banks to scale up through mergers and acquisitions. They can also grow by having strategic investors. They must, however, see the strategic value for this to be sustainable."
Nestor A. Espenilla, Jr., Governor, Bangko Sentral ng Pilipinas
"Look for a partner that could add value to the business you have."
Manuel V. Pangilinan, Chairman, Metro Pacific Investments Corporation
"Move at the same pace. Collaborate, and follow growth together."
Teresita Sy-Coson, Vice Chairperson, SM Investments Corp.
"Sharing of experiences is very important. Share strategies. Share products."
Ernest L. Cu, President and Chief Executive Officer, Globe Telecom Inc.
"Look for what your strength is, and bring it to the other countries. Be patient because things don’t happen very quickly."
Ramon R. del Rosario, Jr., President and CEO, PHINMA Corporation
"Build on each other’s strengths, and give complementary support."
Nina D. Aguas, Chief Executive Officer, The Insular Life Assurance Company, Ltd.
"As I tell our people, you should be doing things differently five years from now. Otherwise, you would be obsolete."
Rizalina G. Mantaring, CEO and Country Head, Sun Life Financial Philippines
"When you are a young startup, not controlling cash flow and burn rate is the biggest single mistake."
Mario Berta, Founder and CEO, Flyspaces
"You need to be persistent and determined. Stick to your vision, and adjust when necessary."
Dennis A. Uy, Chairman/President, Phoenix Petroleum Holdings, Inc.
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Mary Jade T. Roxas-Divinagracia, CFA, CVA
Deals and Corporate Finance Managing Partner, PwC Philippines
Tel: +63 (2) 8845 2728
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