The Philippines has emerged as among the world´s most promising destinations of foreign investments in the next three years, according to the United Nations Conference of Trade and Development (UNCTAD). Our country joined the top 15 destinations, placing 10th, which in the previous survey round ranked 11th.
According to the World Bank´s latest edition of Global Economic Prospects, the Philippines is the world´s 10th fastest growing economy for 2017.
Growth is projected to remain robust at 6.8 percent in 2017 and 6.9 percent in 2018. This growth is led by strong domestic demand, recovery in exports and implementation of planned infrastructure projects which spur additional business activities, create major jobs and increase household consumption and reduce poverty.
Unrivaled access to key markets
The country’s location is a critical entry point to over 600 million people in the ASEAN Market and a natural gateway to the East- Asian economies. The country is likewise placed at the crossroads of international shipping and airlines.
We have a number of operating economic zones and IT parks today, equipped with support capabilities, where a company may locate its business with ease.
The Philippines has been enjoying a steady trend in economic and financial gains as backed up by good govermance and sound economic reforms, which gave us ample space to overcome challenges such as wather-related disasters, global economic slowdown, as well as domestic uncertainties, especially those associated with the change in administration. The country´s domestic economy is much more robust and there is plenty of room for growth.
The basic law that liberalized the entry of foreign investmensts into the country up to 100% ownership unless restricted by the constitution and other special laws as enumerated in the foreign Investment Negative List (FINL)