Philippines

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Remittances from Filipinos working overseas reached $9.3bn in the first eight months of this year, a year-on-year increase of 15.3%.
The Semiconductor and Electronics Industries in the Philippines, Inc stated on October 9 that it expects to earn $32bn this year, up from last year's total of $29.6bn.
The real estate industry, which posted growth of 30% in the first quarter of 2007, is the fastest-growing sector in the Philippines, according to the National Statistical Co-ordination Board.
The Philippines' global ranking in terms of the ease of doing business tumbled even further this year, according to a recent International Finance Corporation study.
Manila Electric Co and the National Power Corporation have agreed to put a price ceiling on generation charges. As a result, companies located in economic zones will receive lower power rates.
The International Finance Corp recently recommended the government withdraw the income tax holiday incentive enjoyed by some businesses.

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