Page 49 - Demo

Why invest in the Philippines
The Philippines is the "best country to invest in," based on rankings released by US News and World Report. Over-all the Philippines ranked 49th out of 80 countries included in the study. Switzerland was the "over-all best country," followed by Canada, Germany, the United Kingdom and Japan.
The study gauged the countries based on 65 attributes and included 21,000 respondents worldwide. US News and World Report said it used criteria developed by The Wharton School of the University of Pennsylvania and Y&R's BAV Group.
For three years in a row, the Philippine economy has been growing at a relatively steady pace. Back in 2016, the country ranked 9th on the United Nations Conference on Trade and Development (UNCTAD) survey. UNCTAD polls business leaders of multinational corporations to identify their top investment destination.
Last year, the Philippines fared even better. It moved up two notches in the UNCTAD survey, getting the 7th spot from among 15 developing countries where businesses are looking to invest.
A number of growth indicators seem to influence the increased investment in the Philippines. Just look at the following data and statistics:
The country’s gross domestic product (GDP) numbers grew 6.6% in Q4 2017. The government was targeting 6.5% to 7.5% GDP growth. Among the strongest players were the manufacturing, trade, and real estate sectors. Growth for domestic demand was also recorded—from 6.4% in Q3 to 7.3% in Q4.
By Q3 2017, the Philippines has overtaken China in terms of economic growth.
To top it all, the Philippines is expected to be aggressive in creating and implementing policies that will boost the country’s economic gains. Among the plans of the government is the “Build Build Build” program, an eight trillion peso initiative that’s expected to go in full swing from 2019 onwards.
This comes after the January implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) program, a revamped tax policy that aims to allocate additional funds toward the creation and upgrading of roads, highways, and other land projects.
What Makes the Philippines an Ideal Investment Partner
There are several factors that push the country toward developing a good investment environment and support your goal of doing business in the Philippines.