Philippines

Go to:

SPONSORED BY

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)

charts content

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

The Business of Sustainability: Why Adopting Circular Economy Practices Can Lead to Growth

At a recent meeting on climate and sustainable development, Maria Fernanda Espinosa, president of the United Nations’ General Assembly, stated...

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...

Light on the horizon for Asia-Pac airlines: DBS

Earnings for Asia-Pacific airlines should see some recovery in 2020, thanks to a bottoming of the global economy and better supply-demand dynamics...

Low-income adults in Asia receive more than 3.5x their income from overseas senders each month: UniTeller

MONTHLY remittances from family and friends working abroad now averages more than 3.5 times the monthly incomes of recipients in Asia, according...

$17.8t worth of investment potential in Asia-Pac’s green building sector by 2030: IFC

THE green building sector in East Asia Pacific and South Asia is projected to hold $17.8 trillion worth of investment opportunities by 2030,...

ASEAN-5 likely to lead “a relatively fragile recovery” in 2020: Nomura

ASEAN is likely to see a gradual rather than V-shaped recovery in 2020, with the five largest Asean economies expected to clock gross domestic...