Bain & Company, a management consulting firm based in the United States, said that the Philippines might benefit in global efforts to diversify supply chains and focus on business process outsourcing to cope with the economic decline brought about by the COVID-19 pandemic.
Last year was a challenging year for private equity firms in Southeast Asia, with deal value slipping to $12 billion from $14 billion a year ago. Alessandro Cannarsi, a partner at Bain, said the pandemic may turn the tide in favor of countries like the Philippines.
In this episode, Mr. Cannarsi speaks with BusinessWorld reporter Denise Valdez about the country’s prospects in tech-driven sectors. He reminds us that in the past five years, private equity firms that generated the best returns were those that kept investing during the down cycle.
To attract private-equity firms into the country, the Bain partner recommended enhancing corporate governance standards, on the company level, and increasing transparency on deal flows, on the country level.
Recorded remotely on May 4. Produced by Nina M. Diaz, Paolo L. Lopez, and Sam L. Marcelo.
