With Asia now the world’s leading market for medical travel, the Philippines is targeting a greater share of this ever-expanding sector. To achieve this aim, however, the country will need to compete with other leading players in the market including Thailand, Singapore, and now, Malaysia.
Demand for housing and office space in the Philippines is expected to remain high on the back of impressive economic growth. Despite an increase in new space, property developers expect vacancies in premium residential and office space across business districts to remain scarce. According to Colliers International, demand is so high that even with...
Exhibiting nominal growth rates of approximately 20% every year, business process outsourcing (BPO) is the Philippines’ most successful major sector. While accounting for only about 2% of national employment in 2012, the sector still makes an oversized contribution to the country’s GDP and especially to growth, both directly and indirectly as it...
With its rising incomes and population of 1.3bn, China represents a vast potential source market for the tourism sector. As the nearest tropical country to China’s major population centres, the Philippines is an obvious vacation destination for the emerging Chinese middle class in search of adventure.
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.
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