Rapid macroeconomic growth has worked to strengthen trade and investment in the Philippines. Build, Build, Build – the government’s infrastructure development agenda – is supporting soaring imports, while the fast-growing manufacturing export base remains an economic mainstay.
Manufacturing has maintained its standing as a key growth driver for the Philippines, with rising domestic consumption and a series of major infrastructure projects lifting expansion in both the sector and broader economy.
The Philippines is making efforts to modernise and strengthen its agriculture sector, with both the state and private companies promoting the adoption of advanced technology and smart farming methods to increase harvests and minimise losses.
New legislation approved by the Philippine Parliament in March aims to incentivise scientists and researchers based overseas to return home to deepen the research and development (R&D) talent pool.
Large-scale commitments by the Philippine government will increase sustainable power’s already significant contribution to the energy mix.
The Philippines has kicked off its 2018 infrastructure programme with the launch of a headline transport project, with additional investments set to support GDP growth moving forward.
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