MANILA - The Philippine unit of Unilever expects sales to grow faster than the country’s economy amid robust consumer spending.
“We always aim our sales targets to be higher than the GDP,” Unilever Philippines vice president for corporate affairs and sustainability Ramon Gil “Chito” Macapagal told reporters on Tuesday.
The Philippine government is aiming for 6-7 percent growth in the country's gross domestic product this year. A measure of economic performance, GDP is the total amount of final goods and services produced in the country.
Macapagal said Unilever's food, home and personal care products will continue to enjoy sales growth, but declined to provide figures.