DHL sees PH as growth area; $25-million investment to proceed
MANILA - Logistics firm DHL sees the Philippines as a growth area, especially when the economies of the 10-member nations of the Association of Southeast Asian Nations (Asean) integrate by next year.
DHL Express (Philippines) Corp. Country Manager Nurhayati Abdullah told the BusinessMirror on Tuesday that the company has been focusing on the region over the years on the back of economic growth in its covered countries, especially the Philippines.
In the Philippines she said DHL’s plan to invest $25 million in the country will continue as announced.
She noted that the capital investment will be focused in the express segment, which will take a $5-billion share of the allocated amount.
“So far, we are looking at expanding by end of the year or the first quarter of next year [with the] opening of two new facilities in Clark and either Las Piñas or Bacoor [in Cavite],” she bared.
The country manager also disclosed plans to expand retail outlets in Quezon City and Pampanga.
“We do see a lot of growth in DHL for the Southeast Asian countries,” she said, while citing the region’s significant contribution to operations in Asia Pacific.
Apart from the Philippines, DHL has been operating in Singapore, Malaysia, Thailand, Indonesia, Myanmar, Cambodia and Vietnam.
Abdullah noted that while Singapore and Malaysia are “quite matured” markets for DHL and Thailand still grapples from political uncertainty, she still sees a lot of potential for growth in the region, especially in the Philippines.
“We have been doing really well [in the Philippines]. I think we are growing faster than the [gross domestic product]. We’ve been growing double-digit both for our revenue and also our volume,” she said.
The DHL executive, likewise, identified Myanmar and Vietnam as countries where the company’s business could further expand.
Abdullah revealed that DHL’s operations in Southeast Asia will remain the same, as it is not focusing on “reinventing” the wheel.
“It’s just doing the same thing, but trying to leverage on what other new free-trade agreements to see how we can help promote [our services] to our customers,” she said.