Riding the wave of consumer confidence that has remained relatively steady since the presidential election in 2016, the Philippine retail sector scores well in global rankings for development potential. With a population of 106.5m in 2018 and a growing consumer middle class, per capita GDP reached around $7700 at purchasing power parity in...
To meet the goals of the National Tourism Development Plan (NTDP) 2016-22, the Department of Tourism (DOT) is working with the private sector to diversify the country’s tourism offerings, developing attractions outside the capital, and boosting connectivity and promotion efforts. This should help to reach the targets of welcoming 12m foreign...
A pillar of one of Asia’s rising economies, the Philippine industrial sector posted another strong performance in 2017, growing by 7.6% despite recent geopolitical turbulence related to the 2016 election. Manufacturing output increased by 8.5%, bolstered by expansion in each of its core segments of electronics, food and beverages, chemicals...
Countries and regions across the world have long understood the potential of the MICE segment as a vehicle to drive high-value tourism and economic development. In recent decades this has led to significant investment, with nations working to position themselves as centres for the industry, both regionally and globally, aided by greater air...
In response to public demand, the administration of President Rodrigo Duterte has expressed its commitment to reducing monthly energy bills, which have long weakened household purchasing power. Previous administrations have endeavoured to improve transparency across the sector and reduce energy costs, evident by the creation of the Electric...
High smartphone penetration and social media usage suggest strong growth potential for the Philippines’ nascent e-commerce segment in the medium to long term, though online activity is still low as a share of total retail sales. This opens the possibility for disruption in an industry long dominated by traditional brick-andmortar shops – an...
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