TAG: Asia
Thai businesses operating across all economic sectors have conveyed a consensus that adopting principles originating from the Sufficiency Economy Philosophy (SEP) of His Majesty King Bhumibol Adulyadej in their everyday business activity correlates strongly with long-term growth benefits. The adoption of such principles highlights the importance of practising moderation with regard to business growth, reasonableness with regard to decision-making and investment, and prudence with regard to instilling risk management to prepare for economic shocks.
The Philippines continues to confound critics by solidifying its position as an emerging South-east Asian economy following decades of underperformance. In contrast to other “Asian tigers” like Thailand, Malaysia, South Korea, Singapore and Japan, the Philippines’ service sector has been the driving force behind high economic growth.
The Philippines continues to exceed expectations by solidifying its position as a strong emerging market with a promising outlook for 2017 – a forecast reflected by the overwhelmingly positive sentiment of C-suite executives polled in Oxford Business Group’s OBG Business Barometer: Philippines CEO Survey. Despite some concerns over bureaucracy and the availability of leadership skills, private sector- driven growth and a high level of planned investment bode well for the country’s business climate in the near term.