From BOI – Board of Investmensts
The Philippine Advantage The Philippines has emerged as among the world’s most promising destinations of foreign investments in the next three years, according to the United Nations Conference of Trade and Development (UNCTAD). Our country joined the top 15 destinations, placing 10th, which in the precious survey round ranked 11th.
Fastest-growing among major economies in Asia According to the World Bank’s latest edition of Global Economic Prospects, the Philippines is the world’s 10th fastest growing economy for 2017. Growth is projected to remain robust at 6.8 percent in 2017 and 6.9 percent in 2018. This growth is led by strong domestic demand, recovery in exports and implementation of planned infrastructure projects which spur additional business activities, create more jobs and increase household consumption and reduce poverty.