Manila, Oct. 9 -- The Philippines is on the right track in its bid to become a regional logistics hub, according to FedEx Airline and International President and CEO Richard Smith, as the global logistics giant continues to expand its operations in the country.

"The Philippines is doing everything right," Smith said during a meet and greet with President Ferdinand R. Marcos Jr. in Singapore on Thursday, on the sidelines of the President's participation in the Forbes Global CEO Conference.

FedEx officials thanked Marcos and the Philippine government for their support as they discussed the company's rapid growth in the country, with operations now reaching close to 40 flights a week.

The company operates two major facilities in the Phili...