Following a landmark peace agreement and a late-2016 tax reform package, 2017 looks to be a year of significant promise for Colombia. The country has been in recovery since the 2014 collapse in oil prices, which predominantly affected exports, government revenues and the exchange rate. However, with the external sector acting as a shock absorber, the authorities helped ensure that domestic demand was able to pick up some of the slack.
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As a result of the election of President Rodrigo Duterte in mid-2016, decentralisation and rural development have been put in the spotlight for the national agenda. Prospective investors, government planners and citizens are increasingly encouraged to look at provincial sites as destinations for investment, development and migration. The three fastest-growing regions outside of Metro Manila in...
This chapter contains hotel listings for business and leisure travellers, useful contact information for government ministries, phone numbers for business associations and other institutions, as well as helpful tips for new arrivals to the country.
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 policies, a young and well-educated workforce, and rising foreign investment in both third-party contact centres and global in-house call centres. The industry will soon surpass foreign remittances as...
Strong macroeconomic expansion, rising consumer incomes and soaring import demand has kept trade volumes in the Philippines on a consistent upwards trajectory over the past decade. The country remains in trade deficit, with exports faltering in recent years as a result of external challenges such as low global commodity prices; softening demand in China, Japan and the US; and uncertainty over...
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