I am pleased to extend my sincerest invitation to all ABA member banks, associates and friends to join me and other members of the ABA Board of Directors for the 36th ABA General Meeting and Conference scheduled to take place on 14-15 November 2019 in Makati City, Philippines.
It is with great anticipation that I look forward to this year’s gathering since it will be the first Conference I will be attending in my capacity as ABA Chairman. I am also excited that our annual Conference this year will be held in the Philippines, not only because it will be hosted once again by the Philippine National Bank – 24 years after the Bank organized it for the first time – but also because of the business opportunities offered by strong economic performance shown by the country over the past years.
As you may know, the Philippines is currently one of Asia’s fastest growing economies. Today, it ranks as the world’s 34th largest economy. According to the 2017 estimate of the IMF statistics, it is the 13th largest economy in Asia, the 3rd largest economy in the ASEAN after Indonesia and Thailand, and is the sixth richest in Southeast Asia by GDP per capita value. The county has been named as one of the Tiger Cub Economies and is projected to be the 5th largest in Asia and 16th biggest in the world by 2050. PricewaterhouseCoopers estimates that it will be the 12th to 14th richest economy in the world by 2060.
We are therefore pleased that the Philippine National Bank has offered to host this year’s annual gathering of the ABA. It will provide us the opportunity not only to gain first-hand information on the current economic situation in the country and the prospects for continued growth of its banking and financial sector, but also to learn from the various presentations to be made during the Conference. Focusing on the theme “Reshaping the Asian Financial Landscape”, the two-day event is designed to provide another valuable platform for ABA members to exchange views with invited experts on: (a) current trends and developments in the regional and global markets that are expected to have a significant impact on the banking and financial sector of the region, and (b) how industry players can address the challenges - and take full advantage of the opportunities - presented by these developments.
It is, therefore, my ardent hope that you will come to Makati City, Philippines and participate in this year’s Conference. With your support of the upcoming event - as well as future ones - I am confident the ABA will play an even more dominant role in the region’s banking community and continue to serve as the ideal forum for advancing the interest of our members.
I hope to see you all in Makati!