The decision of Rolls-Royce to enter the Philippines is based largely on the country’s improving economic fundamentals, its regional director for the Asia-Pacific Paul Harris said.
“It is a positive time for Rolls-Royce Motor Cars to be entering the Philippines, one of the fastest growing Asian economies this year. We are confident that the brand will do well in this country. I am looking forward to moving ahead with British Bespoke Automobiles in this exciting new market,†Harris said.
In the first quarter of the year, the Philippine economy grew 7.8 percent, making the country the fastest growing economy in Asia as it beat China’s 7.7 percent annual growth and 1.6 percent quarterly performance.
The 7.8 percent is above the full year target of six to seven percent and the 6.8 percent recorded last year.
At yesterday’s launch, Ten said his dealership is aiming to sell at least 10 units within the year and as many as 99 units next year.
He said prominent businessmen, including Manuel V. Pangilinan, have expressed interest in acquiring their own Rolls-Royce cars. “There are many inquiries and interest from people... maybe 20 people,†Ten said.
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Topic: Rolls-Royce comes to Manila (Read 726 times)