The local developments and reported global trends in 2022 reflect complex and interlocking crises of a more varied nature. Despite these, the conglomerate is optimistic about its future. In summary, the following is our outlook for FPH:
Short-term
The company’s protective stance during the pandemic and the reopening of the economy in 2022 allowed FPH to not only survive, but also achieve a record net income for the year. We expect this to continue in the coming year as we continue to build our skilled and vision-oriented workforce and introduce prudence in fiscal management in response to the ongoing adverse economic effects of the Russia-Ukraine war.
Medium-term
In the medium-term, the business will continue to focus on the current capability-driven strategies that were crafted in the planning sessions during the year. These considered the evolving risks and opportunities we inventoried.
FPH as a parent will continue to develop our capabilities to support our various business segments as they develop.
For the business segments, their current capability-driven strategies will allow each business in the portfolio to strengthen their current operations and seek out areas with the potential to expand their scope of influence or impact.
Long-term
FPH is looking at being at the forefront of the transition to a net zero economy by the year 2050. Through our strategies of aiming to build a portfolio that creates an ecosystem that provides holistic solutions to systemic challenges for the environment and society, we are optimistic about being a significant player in the country’s long-term transition to a low carbon economy.
The projected outlook of our stable financial and non-financial positions are borne out of the actions we are doing and factors which we are planning to address in the next few years.
