The Philippines has been one of the top performers in the global IT and business process outsourcing (BPO) sectors for the last few years. With the government promoting the development of high-growth industries to generate export revenues and create employment opportunities, the IT sector, and in particular the software industry, has witnessed...
By sheer numbers, Manila is in the midst of a phenomenal hotel construction boom. According to Smith Travel Research (STR), Manila had 9968 hotel rooms under construction or planning as of April 2013, representing 43% of STR’s count of existing supply. Mumbai, with the next-fastest growth rate in the Asia-Pacific region, saw 25%, according to STR....
A new law is expected to boost medical research in the Philippines, potentially opening doors to greater private sector involvement in the health services industry. On May 7, 2013 President Benigno Aquino ratified legislation passed by the parliament earlier in the year that formalised the Philippine National Health Research System (PNHRS) and...
Largely helped by significant public spending in infrastructure, the construction sector saw robust growth in 2013. An improving investment climate, which saw a steady inflow of remittances and inward investments directed at the property sector, also played a part in spurring construction activity. Investment-grade upgrades from Fitch Ratings and...
Several major highway and light rail transit (LRT) projects set to be rolled out next year could finally ease serious congestion problems in the Philippines. The wave of planned projects comes on the back of a pledge made by President Benigno Aquino III’s administration to substantially increase transport infrastructure spending as part of a broader...
Possessing some of the region’s most impressive reserves of mineral wealth, the Philippines has the potential to forge itself into one of the world’s premier mineral extraction and export nations. Situated along the Pacific’s famed Ring of Fire, the country boasts mineral reserves estimated at $850bn, including the third- largest gold reserves in...
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