The Philippines is one of the fastest-growing economies of the past decade, averaging 6.4% growth per year over 2010-19. Indeed, an expanding and...
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Chapter | Country Profile from The Report: Philippines 2021
The Republic of the Philippines reaches from Taiwan in the north to Indonesia in the south. It is the fourth-largest country in South-east Asia after Indonesia, Myanmar and Thailand. Bordered by the South China Sea – also known locally as the West Philippine Sea – in the west and the Sulu and Celebes seas in the south, the Philippines is home to some 175 ethnolinguistic groups across thousands...
The Philippines is one of the world’s fastest-growing nations. Although economic activity slowed during the 2020 Covid-19 pandemic period, stimulus measures, imminent public sector policies and a larger budget are expected to create jobs, generate growth and help kick-start the country’s recovery during 2021.
– Thailand and Malaysia led the region in terms of government stimulus
– Key digital solutions were developed in food delivery, education, health care and finance
– Despite falling globally, M&A increased in Asia throughout the year
– Emerging markets in ASEAN stand to benefit from the supply chain shift away from China
With the global plant-based meat industry experiencing continued growth despite the disruption of the Covid-19 pandemic, several emerging regions are expected to see a boom in the segment that will outlast the virus.
The Regional Comprehensive Economic Partnership (RCEP) was finally signed on Sunday November 15, on the sidelines of the annual summit of the Association of South-East Asian Nations (ASEAN). As well as marking a significant regional milestone, it is hoped that this deal will help its 15 signatories recover from the economic fallout of the coronavirus pandemic.