Philippines

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The Philippines has one of the youngest populations in the world, with more than two-thirds under the age of 35. In recent years, the Philippines' economy has been helped by a stable macroeconomic environment, tax reforms, market liberalisation and brisk infrastructure spending. The country's economy grew 6.7 per cent last year and is on track for a similar pace in 2018, according to the IMF, World Bank and other forecasters.

MAIN LANGUAGES

Tagalog

English

Spanish

POPULATION

103.3 million (2016)

LAND AREA

300,000 km²

CAPITAL

Manila

CURRENCY

Philippine Peso (PHP)

TIME ZONE

GMT +8

EASE OF DOING BUSINESS

Ranked 113 out of 190 economies (World Bank Doing Business 2018)

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The Philippine Board of Investments (BOI) describes itself as a one-stop shop for doing business in the Philippines. It is the lead government agency responsible for the promotion of investments in the Philippines, assisting Filipino and foreign investors "to venture and prosper in desirable areas of economic activities".

www.boi.gov.ph / www.investphilippines.org | (632) 895 8322 | bossac@boi.gov.ph

how-to guides content

Looking to expand into the Philippines? Consumer sector insights by Enterprise Singapore's regional directors

REGIONAL Director, Darren Lee, talks about the opportunities in the consumer sector in the Philippines. Mr Lee is based in Manila but notes that...

Venturing into the Philippines: Useful business contacts

Planning to do business in the Philippines? Here’s our round-up of local government agencies and business chambers that may be useful.

LATEST UPDATES

Philippines package aids Covid-19 fight, but limited growth impact: economists

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