Why Invest in the Philippines?
The Philippines is rapidly emerging as a top investment destination in the world. In fact, in 2018, a global research firm, the US News & World Report declared the Philippines as the ‘Best Country to Invest In.’ “In contrast to declining inflows of foreign direct investment, or FDI, to Southeast Asia as a whole, the Philippines continued to perform well, according to United Nations data. In years to come, the country is expected to receive more FDI from within the region from powerhouses like China that are looking to utilize available labor in developing nations,” the US-based firm reported.
A giant in the banking industry, HSBC predicts the Philippines to be the biggest economy in the ASEAN and 16th largest in the world by 2050. So why invest in the Philippines? Not only do the numbers show a very promising future for the country, there are also many other reasons why the Philippines is considered as a top investment destination.