Although small and medium-sized enterprises (SMEs) comprise 99.6% of all businesses in the Philippines, employ 65% of its workforce and account for 35% of GDP, they face a host of growth challenges including lack of technical capacity, difficulty in accessing regional markets in ASEAN and, most notably, lack of access to finance. While the...
Which sectors of the Philippine economy can benefit most from JICA’s development assistance?
What is the attractiveness of the ASEAN bloc as a market, and which drivers will support its growth in the short to long term?
After five straight years of robust macroeconomic expansion, the Philippines ranks as one of the best-performing economies in South-east Asia. With rapidly rising domestic consumption, soaring foreign direct investment (FDI) and a growing services sector, the country is set to record world-leading growth rates in 2017. Although weakening...
New job opportunities have accompanied economic growth in the Philippines, but unemployment remains relatively elevated, compared to elsewhere in the region, while chronic underemployment and static wage growth have seen the number of working poor expand in recent years. The government is addressing these challenges through investments in...
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