The Philippines has been a pioneer in decentralisation for Asia, having commenced its local governance reforms in 1991 through the formulation and implementation of the Local Government Code (LGC), which served as the operating framework for the local government system. The LGC seeks to increase local government autonomy and accountability by assigning functions and revenue generating powers...
Economy
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The Philippine economy continues to enjoy a period of rapid, broad-based growth as the business process outsourcing (BPO) sector and growing remittances from overseas workers drive growth in consumer-oriented industries and construction. Although real growth decelerated in 2014 to 6.1%, it remained higher than many of the country’s South-east Asian peers, and is expected to remain near 6% for...
Chapter | Country Profile from The Report: The Philippines 2016
The Philippines’ abundant biodiversity, natural resources and youthful demographics are all assets that have garnered recognition from investors in recent years. Sustained economic growth and the Philippines’ newly attained investment grade status notwithstanding, the maintenance of peace in the Mindanao region and persistent poverty levels remain key areas to address as the country continues...
A series of reforms initiated by the administration of President Benigno Aquino III in the last few years have boosted spending on infrastructure and opened key industries to outside investors. The reforms prompted a series of upgrades to the Philippines’ credit ratings and echo initiatives taken in the region as it embarks on greater integration through the ASEAN Economic Community.
Chapter | Table of Contents from The Report: Djibouti 2016
TOC
The guide includes information on hotels, government offices and other services, alongside useful tips for visitors on topics like currency, visas, language, communications, dress, business hours and electricity.