D&L Industries Inc. expressed optimism that its rising exports will be a key growth driver this year, a top executive said.
The country’s top specialty food ingredients and oleochemicals producer, however, remains cautious amid the uncertainties brought about by the US tariff policies.
D&L president and chief executive Alvin Lao said the firm’s recurring income grew 10 percent to P681 million in the first quarter of 2025, driven by the continued growth in exports and ramp up of operations in Batangas plant.
“The year started with strong momentum. However, the increasing global uncertainties have led to a noticeable slowdown and dampening of global business sentiment,” said Lao.
“Nonetheless, the Philippines may be one of the least affected countries given its import-heavy trade balance. In addition, the lower proposed reciprocal tariff for the Philippines versus its neighboring countries may put the Philippines in an advantageous position,” he said.
