Young Filipino Chinese entrepreneurs of Anvil Business Club donate to Negros, SiargaoBullish on 2022 Phil. Economic recovery due pandemic recovery, positive macroeconomic fundamentals & election spending

The young Filipino Chinese entrepreneurs of Anvil Business Club on Dec. 23 turned over three (3) check donations for typhoon Odette victims at Pandesal Forum at 82-year-old Kamuning Bakery Café in Quezon City through partners Tzu Chi Foundation P100,000, Bacolod Filipino Chinese Junior Chamber of Commerce P300,000, Siargao Bed & Brewery P300,000. These are initial donations, more Anvil donations shall be distributed in the coming days and weeks in this on-going philanthropy to help calamity-hit areas of Visayas and Mindanao. 

Present at Pandesal Forum were: Anvil Business Club Chairman Wilson Lee Flores, EVP Kenneth Dee, VP Jayson Sze, Honorary Chairman Peter Mangasing, Honorary Chairman Marcelo Co, Anvil officers Reginald Yu, Aldrin Chua, Ace Olano, Ian Cheng. From Tzu Chi Foundation, officers/volunteers present were Molita Chua, Leonardo Chua and Delfin Letran. Also present was Bacolod Filipino Chinese Junior Chamber of Commerce President Frederick Yap. Representing Siargao Bed & Brewery is its owner and Anvil director Fred Hui and business partner David Luy, this newly-built tourism facility has been turned into a relief supplies center to help typhoon victims of Surigao.

Also sending their messages at the Pandesal Forum were Anvil Business Club Chairman Emeritus George Siy and President Hubert Chua, who both said typhoon Odette will have negative effects to economic growth of Visayas and Mindanao but they are still bullish the whole Philippine economy is continuously recovering and more investors will open businesses in new year 2022. 

Comprised mostly of young entrepreneurs in their 20s to 40s, Anvil Business Club is also part of the Federation of Filipino Chinese Chambers of Commerce & Industry, Inc. (FFCCCII). The FFCCCII and the Filipino Chinese Community Calamity Fund also on December 21 donated P12 million pesos worth of relief goods for typhoon victims in Visayas and Mindanao. China Embassy also donated P8 million worth of relief goods to be distributed by various Filipino Chinese organizations nationwide, plus China government has given donation of 3.2 million kilos of rice worth P128 million pesos now already in ports of Manila and Cebu. 

Anvil Honorary Chairman Marcelo Co said tourism shall again be adversely affected in Visayas and Mindanao perhapdfor six months, but he is hopeful for continuous “strong Philippine economic recovery in new year 2022”. Anvil Business Club Honorary Chairman Peter Mangasing and EVP Kenneth Dee expressed optimism that despite the destructions by typhoon Odette and the past two years of pandemiclockdowns, the new year 2022 “will see robust and strong Philippine economic recovery” due to positive socio-economic fundamentals, increased investor and consumer confidence in reopening of the economy, and the added spending of election.Anvil Business Club Chairman Wilson Lee Flores said typhoon Odette has negative economic impact for the short term, but the whole Philippine economy shall register very strong economic recovery in 2022 of 6.5% to 7% due to pandemic recovery, the May 2022 election spending boost, the expected opening of schools in 2022, the positive macroeconomic and demographic conditions of the Philippines, sound economic and fiscal policies, the nonstop infrastructure modernization projects, also with hopefully continued social and political stability. 

For Inquiries, 09188077777 or 09178481818 Wilson

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s