Philippine developers are using shopping malls as flagships and anchors for large mixed-use developments called “townships”. The trend has been a major driver of the construction boom behind the recent acceleration of the country’s GDP growth.
Philippine developers are using shopping malls as flagships and anchors for large mixed-use developments called “townships”. The trend has been a major driver of the construction boom behind the recent acceleration of the country’s GDP growth.
The Philippines has a relatively advanced retail sector despite restrictions on foreign involvement. One of the most consumerist nations of Asia, household consumption in 2012 accounted for 74% of GDP, higher even than the US. The value added by retailers alone accounted for 14% of GDP, one of the highest ratios in the world. Expansion of organised...
With a substantial portion of domestic production focused on the internal market, the retail and wholesale sector remains a crucial driver of the economy. According to statistics from the country’s central bank, Bangko Sentral ng Pilipinas, total expenditure on personal consumption has shown steady growth over the past seven years. In 2010 personal...
Two of the most effective mechanisms developed by the government for boosting investment in the industrial sector are the Philippine Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA). For 2010 the BOI and PEZA attracted a total of P302.1bn ($6.86bn) and P204.39bn ($5.66bn), respectively, in approved investments by...
Like many of its neighbours, the Philippines’ economy has been evolving towards a more value-added economic model, following in the path of Japan, South Korea and Taiwan. Unfortunately, a number of factors have so far limited the pace of this transition and the country still lags behind many of its regional peers, despite the benefits of increasing...
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