After years of lagging behind its neighbours the Philippines is finally showing signs of overhauling its transport infrastructure. Backed by a favourable macroeconomic environment, political stability and increased spending, the country’s transport sector is slowly getting modernised. If the momentum continues, the Philippines could well become a...
The Philippines has a relatively advanced retail sector despite restrictions on foreign involvement. One of the most consumerist nations of Asia, household consumption in 2012 accounted for 74% of GDP, higher even than the US. The value added by retailers alone accounted for 14% of GDP, one of the highest ratios in the world. Expansion of organised...
As the Philippines seeks to boost tourism arrivals and elevate remote rural populations out of poverty, developing ecotourism is becoming one of the government’s top priorities in the tourism sector. Born out of the environmental and conservationist movements, ecotourism aims to develop a new ethos for tourism in undeveloped areas that stresses...
The Philippines is party to a number of free trade agreements (FTAs), many of which are overlapping, and some of which have become redundant. It is part of ASEAN’s Free Trade Area and is a signatory to many FTAs between ASEAN and other countries, such as Australia, China, India, Japan, New Zealand and South Korea. The country also has a bilateral...
Remittances from overseas Filipino workers (OFWs) are vitally important to the economy and, like business process outsourcing (BPO), these revenues tend to take the edge off any economic shocks. In a further similarity to BPO revenues, remittances are also comparatively easy to accrue, requiring no capital investments, equipment or facilities, and...
THE COMPANY: Universal Robina (URC) is a core subsidiary of JG Summit Holdings. The company is one of the largest branded food product companies in the Philippines, and it has a growing presence in other Asian markets. URC is involved in a wide range of food-related businesses, including the manufacture...
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