Economic Overview & Business Opportunities
The Philippine economy posted solid growth last year in 2015 generated by strong domestic demand, despite drag from net exports. Growth is projected to pick up with higher investment and consumption. Inflation is forecast to rise moderately as dry weather from El Niño presses upward on food prices and utility rates. Sustaining strong growth will require policy continuity supporting the development of infrastructure and human capital, improvements to the investment climate, and governance reform.
The Philippines offers a wide range of investment opportunities and it has become a popular destination of foreign firms looking to expand their business and setup their companies. Among the sectors that welcome foreign investments are BPO, mining, infrastructure, agriculture, bio-fuels and renewable energy and tourism development.
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Liberty F. Armijo, CPA