The Philippines has lagged behind its neighbours in developing trade ties, with only 32% of its GDP coming from exports. Exports fell in 2011 as well, although investment in manufacturing over the past two years may reverse this trend in the medium term. Electronics are a major production category, accounting for 51% of exports, with automobiles another strong sector. The Philippines is also...
Philippines Industry
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Chapter | Industry and Retail from The Report: The Philippines 2012
The Philippines business processing outsourcing (BPO) sector is fast developing into one of the pillars of the nation’s economy, with both earnings and employment levels soaring in recent years, though there are concerns that international competition, rising costs and staff shortages could undermine future growth.
Economic update | The Philippines: Mining magnet
4 Aug 2011
The mining industry in the Philippines seems set for a boom, with earnings advancing and large-scale projects scheduled to come on-line over the next few years. However, lingering concerns over the global economy could dent demand and slow the flow of investment, as could uncertainty over regulations governing the industry.
Economic update | Philippines: Growth in outsourcing
27 Sep 2010
With its large pool of English-speaking professionals and well-developed infrastructure, the Philippines is poised to overtake India as the world’s largest supplier of international business processing (BPO).