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Philippines as a Promising Market

The Philippines has one of the fastest economic growth in the region in recent years. The World Bank has identified the economy as one of the top growth performers in East Asia, driven by strong exports, robust domestic consumption and infrastructure expenditures. Moreover, the government's commitment to further increase public infrastructure investment is expected to sustain the country's growth momentum, reinforcing business and consumer confidence.

More reasons to invest and do business in the Philippines:

English-speaking High-skilled Manpower
The Filipino workforce has a unique edge over any other Asian country in terms of labour quality. With a literacy rate of 94.6%, the Philippines has a ready and steady supply of highly-skilled and trainable labour to accommodate any underlying business need - including professional, technical, managerial and skilled workers. The main competitive advantage of the Philippine workforce is the widespread proficiency in English. English is taught in all schools, making the Philippines the third largest English-speaking country in the world. 

Strategic Business Location
The Philippines, located in the heart of Asia, has emerged as an investment hub and a favourable base for Asia-Pacific expansion programs. It is located within an average 4 hours flying time from major capitals of the region and is a critical entry point to over 500 million people in the ASEAN Market.

Sound Macro Economic Policies

The government has issued and implemented significant legislative reforms that can help the Philippine economy to continue its growth.  Comprehensive tax reform program, for instance ensures a steady revenue flow for the government’s aggressive infrastructure program, while the lower personal income tax is expected to boost consumer spending and spur economic activity. Meanwhile the Ease of Doing Business Act hopes to further address bureaucratic red tape by improving the efficiency and transparency of government procedures at all levels.


 

"Coron, Palawan"