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Written by Lisa Hsu, editor, A&S Asia
The Philippines have defeated all odds and will make a remarkable recovery in 2015 despite the impact of natural disasters over the past few years. Economic growth is back on track, with public-private programs that will help boost the growth of the private sector, and big events happening this year will fuel the growth for security.
Private Sector Takes the Lead
Recently, growth in the private sector has been booming with the help of PPP projects. As a result of the government's agenda in the development and implementation in infrastructure, project demand is high. “Mid-high projects have been stronger driven from the commercial sector, e.g., hospitality and gaming that needs security in their operations, which are verticals driving the security industry in the Philippines. It will continue in 2015 with commercial projects from the private sector driving forward,” said Sunny Kong, Director of Sales in APAC at Milestone Systems.
Read the full article about Milestone and the Philippines.