Economy

The Philippines’ wealth of remittances from overseas Filipino workers (OFWs) allows for a steady inflow of cash ($20bn in 2011) and keeps local unemployment down. This is facilitated by a number of factors, including the deliberate choice of English as the medium of education and the government’s promotion and regulation of migration flows. However...

In its annual report released in March 2012, Standard & Poor’s (S&P) noted that although it is a mixed picture for Asia-Pacific sovereigns for the next 12-18 months, countries in the region face global and domestic rises from a relatively strong position. For the Philippines this is especially true as the government has shown progress in...

Despite the effects of some negative developments in the economies of the US and the eurozone, business in the Philippines has continued to remain relatively brisk. Foreign investors have taken heart from President Benigno Aquino III’s promotion of transparency as well as the administration’s efforts to root out corruption and create a level playing...

Lying south of Taiwan and east of Vietnam, the Republic of the Philippines is an archipelago of over 7000 islands. The country’s geography and complex history has given rise to a diversity of cultures and languages across the country’s 1000 inhabited islands.

The Kuwait Investment Authority (KIA), the manager of the country’s sovereign wealth fund, is playing an increasingly active role in the domestic and international economy. This bodes well for the country’s growth prospects, and for a future in which national income no longer depends on the global price of oil.

Buoyed by surging oil revenues, strong public finances, and a young and growing population, Kuwait is now moving toward a period of renewed growth after making a strong rebound from the global economic crisis. In 2011 the country’s GDP rose by an estimated 5.7%. According to projections from the International Monetary Fund (IMF), Kuwait will record...