ADB sees fastest growth in PH among Southeast Asian nations

By Darwin G. Amojelar and Jenniffer B. Austria

THE Asian Development Bank kept its economic growth forecast for the Philippines this year and next on the back of robust investment and private consumption.

The Manila-based multilateral lender said in its Asian Development Outlook July Update the Philippine economy, as measured by the gross domestic product, would likely grow by 6 percent in 2023 and 6.2 percent in 2024.

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Its 2023 growth forecast for the Philippines is the fastest among major Southeast Asian economies. The ADB sees Vietnam growing 5.8 percent; Indonesia, 4.8 percent; Malaysia, 4.7 percent; Thailand, 3.7 percent and Singapore, 1.5 percent in 2023.

The ADB also expects the Philippines to expand 6.2 percent in 2024, the same assumption for Vietnam.

Meanwhile, First Metro Investment Corp., the investment banking arm of the Metrobank Group, is banking on robust consumer and infrastructure spending to help the economy grow by 6.1 percent this year.

FMIC president Jose Patricio Dumlao said in a virtual press briefing Wednesday that despite the persistent global uncertainty and volatility, the economy would remain resilient because of its strong fundamentals.

“Amid a challenging global environment, the Philippine economy has demonstrated remarkable resilience.

In the first quarter of this year, we achieved robust growth of 6.4 percent, outperforming our peers in the region. This is a testament to the strength of the country’s macroeconomic fundamentals,” Dumlao said.

“We continue to be optimistic, and we believe that the GDP will expand by 6.1 percent this year, as we expect strong domestic demand to remain a key driver of growth. This positive momentum will be supported by prudent fiscal management, heightened infrastruc-

NOTICE OF ANNUAL STOCKHOLDERS’ MEETING

DEAR STOCKHOLDERS:

Please be informed that the Annual Stockholders’ Meeting of Allied Care Experts (ACE) Dumaguete Doctors Inc. will be held on August 10, 2023 (Thursday) at 8:00 o’clock in the morning, via Zoom Webinar, to ensure the safety of our stockholders who will be attending the meeting. For the conduct of the Webinar, please register on or before August 10, 2023, through the following link: https://us02web.zoom.us/webinar/ register/WN_6mrzMcL8TT-loF4DAQjOXg

The link will provide you the process for the registration. You will receive a confirmation email once you have successfully registered in the platform, including the details and procedures in the conduct of the meeting. Voting will be done via the online tool which you can access once you have logged in to the Webinar.

The meeting shall be recorded (visual and audio) for future reference.

The Agenda:

I. Call to Order

II. Invocation

III. Determination of Quorum

IV. Welcome Message from the Chairman of the Board

V. Reading and Approval of the Minutes of the Y2022 Annual Stockholders’ Meeting

VI. Approval of the Y2022 Audited Financial Statement

VII. President’s Report

VIII. Ratification of the Acts and Proceedings of the Board of Directors, Officers, and Management of the Corporation

IX. Election of the Board of Directors for 2023-2024

X. Appointment of External Auditor for the year 2023

XI. Amendment of Article III of the Articles of Incorporation

XII. Other Matters

XIII. Adjournment

Only stockholders of record at the close of business on July 21, 2023 (Friday) shall be entitled to notice of and to vote at the meeting. If you cannot personally attend the meeting, you may opt to send your proxy to attend in your behalf. Kindly submit your duly executed proxy form with the undersigned, via email at acedumaguetedoctors@yahoo.com. ph not later than August 9, 2023, but preferably by August 7, 2023, to enable your proxy to register in the Zoom Webinar. A sample proxy form is posted at the Corporation’s website for your reference.

[NOTE: Management is not soliciting proxies.]

The Information Statement and Management Report and SEC Form 17-A are available at the Corporation’s website at www. acedumaguetedoctors.com

You may contact the undersigned via email at acedumaguetedoctors@ yahoo.com.ph or at telephone number: (035) 523 5957 if you have inquiries/concerns regarding the meeting.

Very Truly Yours

Corporate Secretary Marietta T. Samoy