The pharmaceutical industry in the Philippines has been seeing stable growth for the past decade, and it looks set to continue. Though the market stood at $4.3bn in 2013, several recent and incoming changes could enable to sector to reach approximately $8bn by 2020. The increase is linked to the government’s intervention in price control and a...
Though health care sector spending is on the rise in the Philippines, years of underinvestment have resulted in a deficit in both available facilities and services. Although improvements are being made – in 2014 the Philippine government spending on health care reached the 5% of GDP recommended by the WHO – to reach the levels of care planned...
Easily the most profitable segment of the Philippines’ agriculture industry, fruit and vegetable farms continue to drive agricultural exports as well as supply produce for the domestic market. In 2013 the segment led all agricultural export commodities with 4.42bn kg of fruit and vegetables shipped worth a combined total of $1.97bn, according...
The Philippines’ tech start-up scene is on the cusp of taking a major leap forward, as the support infrastructure and ecosystem to finance and bring ideas to market takes shape. To date, the most successful ideas to hit the market have been adaptations of Western-conceived innovations, such as local versions of taxicab ordering services. But...
With a large, young and social media savvy population approaching 100m, a fast growing economy that is forecast to become the world’s 16th largest by 2050, and a relatively affordable labour pool with strong English proficiency, the Philippines boasts many exploitable assets that could establish the country as a regional IT powerhouse. One of...
Lagging behind the region’s faster evolving markets when it comes to the provision and adoption rate of mobile broadband, data usage and mobile services in the Philippines are expected to grow as smartphones become more pervasive and the two leading operators continue to raise capital expenditure to upgrade existing networks and deploy 4G...
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