Years of robust macroeconomic growth combined with prudent fiscal policy have left the Philippines well positioned to boost public spending in 2017, with infrastructure, security and education set to benefit from double-digit increases this year. Although the fiscal deficit is set to hit a record high, the country’s positive growth outlook,...
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...
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...
President Rodrigo Duterte assumed his six-year term as the 16th president of the Republic of the Philippines on June 30, 2016. A last minute candidate, Rodrigo Duterte won the May 2016 elections by a wide margin to become the first president from Mindanao, the country’s southernmost and second-largest island. Elections not only brought about a...
An archipelago of 7107 islands that spans an area of 300,000 sq km, the Republic of the Philippines lies south of Taiwan and east of Vietnam, and is bounded in the west by the South China Sea and in the south by the Sulu and Celebes Seas. With a complex history marked by successive waves of migration and periods of colonisation and occupation...
The Philippines’ business process outsourcing (BPO) sector is an economic powerhouse and one of the largest white-collar employers in the country. It benefits from over a decade of pro-investment government policies, a young and well-educated workforce, and rising foreign investment in both third-party contact centres and global in-house call...
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