Despite gloomy global trade forecasts, the Philippines’ strong macroeconomic fundamentals, competitive geographical and labour force advantages, and rising domestic consumption bode well for future trade and investment.
New legislation approved by the Philippine Parliament in March aims to incentivise scientists and researchers based overseas to return home to deepen the research and development (R&D) talent pool.
Large-scale commitments by the Philippine government will increase sustainable power’s already significant contribution to the energy mix.
The Philippines has kicked off its 2018 infrastructure programme with the launch of a headline transport project, with additional investments set to support GDP growth moving forward.
On the back of efforts to encourage more international business activity, the Philippines registered the highest rate of foreign direct investment (FDI) growth in the ASEAN region last year, with the country hoping to capitalise on the global attention generated by hosting the bloc’s most recent summit to enhance trade and investment flows.
With an eye on reversing a dip in foreign direct investment (FDI), the Philippines has proposed a series of reforms aimed at increasing trade liberalisation.