Employees in the BPO Industry.
ABOUT
Once considered the “sick man of Asia,” the Philippines has seen strong economic growth in recent years. Growth drivers include a world-leading BPO sector and rapid improvement in the country’s digital infrastructure. Challenges include major infrastructure gaps, persistent natural disasters and an ongoing “brain drain” as skilled workers move abroad and join the country’s massive diaspora.
QUICK FACTS
In Remittances In 2015 (10% of GDP).
PROS CONS
+ Strong English fluency
+ Increasing consumption
+ Huge tourism potential
– Urban infrastructure gaps
– High poverty rates
– Frequent natural disasters
TOP EXPORTS
Electrical and electronic equipment
Machines, engines and pumps
Mineral products
Wood and wood products
Ores, slag and ash
Medical and technical equipment
PHILIPPINES INSIGHTS
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ASEAN’s Strong Growth to Continue in 2017
Compared to the end of 2016, the beginning of this year, economists of major ASEAN countries revised their growth forecasts for 2017 with...
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EU And ASEAN To Resume Negotiations On A Bilateral FTA
Ten years ago, the European Union (EU) and the Association of Southeast Asian Nations (ASEAN) started the talks for a Free Trade Agreement...
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Myanmar – A Green Field In The Center Of ASEAN
Myanmar is one of the least developed countries in Asia with both unique opportunities and considerable obstacles for foreign investors. It...
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ASEAN celebrates 50th anniversary
As a kick-off for the 50th anniversary of ASEAN (Association of Southeast Asian Nations), the organizations´ Foreign Ministers´ Retreat has...
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