Government authorities are looking to ease traffic congestion and boost the Philippines’ ageing infrastructure by increasing government funding and streamlining the approval process for transport projects.
Philippines
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Improving connectivity in the Philippines via a high-speed broadband network looks set to be a priority for the new administration, as broader efforts to boost productivity and GDP take shape.
Economic update | Philippines in bid to boost FDI
26 Jul 2016
An easing of restrictions and regulatory requirements is expected to boost foreign direct investment (FDI) in the Philippines, as the administration of President Rodrigo Duterte looks to increase the country’s attractiveness as a business destination.
Rising consumer confidence combined with the new administration’s plans to open up the economy look set to underpin strong demand and growth in the Philippines’ retail sector.
An end to drought conditions caused by the El Niño weather pattern is spurring growth in the Philippines’ industrial sector, with increased output in food manufacturing.
Strong economic growth in the Philippines is driving demand in the real estate market, placing prime office space at a premium, with little indication that appetite will wane despite growing supply in Manila and Cebu.