Led by strong domestic demand and growth in export markets, the Philippines’ industrial sector is slowly but surely establishing itself as a rising player in the regional manufacturing arena. The country’s large and skilled workforce and 100m-strong domestic market continue to draw both foreign and domestic firms to set up shop, while trade...
Impacted by regulatory uncertainty, which has slowed mining investment in precious metal projects, gold production has taken a big hit in recent years. After contributing around 0.54% to the country’s GDP in 2010, gold mining production dropped rapidly over the next four years to just 0.15% of GDP in 2014, according to the Philippines...
What are the principal drivers behind the decentralisation of modern retail into provincial areas?
Growing an impressive 7.2%, the Philippines was one of Asia’s best-performing economies in 2013. As growth has given rise to increased business activity and boosted consumer spending power, the question that arises is whether this new-found domestic demand will be for goods and materials produced locally or imported from abroad. This is an issue that will become even more important in 2015 as...
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.
Given Djibouti’s economic reliance on international trade and the scarcity of natural resources, manufacturing industries have always played a secondary role in the country’s economic development. However, authorities are now looking to boost their development as a means to cut unemployment and foster more sustained and inclusive economic...
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