THE Consunji-led conglomerate DMCI Holdings Inc. said that for the year 2024, they are expecting it to be positive for the company.

In a statement, DMCI said that they are maintaining a cautious stance, despite the uncertainties for the domestic and external markets.

They made their stance at a disclosure at the Philippine Stock Exchange, where DMCI chairman and president Isidro Consunji noted that they are maintaining a “cautiously optimistic outlook” on the back of “combined effect of cooling inflation, stabilizing interest rates, China’s economic slowdown and modest growth in the domestic energy market.”

“Slowing sales and manufacturing in China could keep a lid on commodity prices. With less demand and activity, we expect prices to be somewhat lower than last year," said Consunji.

The disclosure also said that the interest rates in 2024 are expected to play a favorable role for the DMCI group.

Consunji explained that the interest rates, which they said have reached their peak.

“It is likely to stabilize or decrease in the latter part of the year, potentially easing borrowing costs and encouraging economic activities,” they said.

“Improved scheduling and payment processes for these projects are expected to hasten construction activities, a development that could have ripple effects across various sectors of the economy,” he said.