A flourishing outsourcing sector, fresh investments in infrastructure and the development of new housing will continue to fuel the Philippines’ swiftly growing economy. These factors are set to have a positive impact on the construction sector, despite significant structural bottlenecks. At 8.9% in 2015, growth in the Philippine construction...
Demand for office and outsourcing space in Manila’s most popular commercial areas managed to keep pace with a surge of new supply in 2015. That said, 2016 is expected to see a slight rise in vacancy rates. Foreseeing this trend, however, and wary of flooding the market, builders and developers have already pared down plans for future launches...
Overlooking Manila Bay, Entertainment City is the Philippines’ greatest gamble to compete with the casino complexes of Macau and Singapore. Unlike most capital cities in East Asia, gambling is legal in Manila and has been since the 1970s, and unlike the casinos of Singapore and Vietnam, there are no restrictions on domestic tourists entering...
Operating in lockstep with the economy as a whole, the retail sector continues to exhibit consistent growth, fuelled by overall GDP expansion averaging 6.7% annually between 2012 and 2014, and coupled with low inflation rates and steady population growth. The increasingly affluent and relatively youthful population is providing an increasingly...
Situated upon a belt of volcanic activity, the archipelagic nation of the Philippines is the fortunate beneficiary of millions of years of violent volcanism and tectonic plate convergence that have left behind a fortune in mineral wealth just beneath the surface. These riches form the foundation of the country’s mining industry, attracting...
With more than 7000 islands, nine UNESCO World Heritage sites, tropical biodiversity and a great range of cultural traditions, the Philippines is one of the most attractive destinations in South-east Asia. Since 2010 the country and its policy makers have made a concerted effort to attract more visitors, with intensive investments in marketing...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×