Why is the Philippines one of the fastest growing economies in Asia and the world today?

Looking forward to the future of business

Its no longer lagging behind its neighbors.   Its $3,800 GDP per capita behind Vietnam and Indonesia.   

PHL was keeping pace with India, Indonesia, Vietnam.

During the time of Benigno Aquino, growth neared 7%.  At the time of Duterte it was only 6%+

Who wants to be a millionaire?

Philippines - a great place to do business

Looking forward to the future of business

Let us do business in the Philippines.  A great place to do business:

1.  Strategically located in South East Asia along sea routes.

2.  Excellent port facilities

3   Large growing population (Japan, Korea have aging population)  - easy sourcing of HR

4.  Meaning it has large domestic place

5.  Nice beaches and resorts

6.  Nice resorts and casino hotels

7.  Robust economic growth among Asean countries. (and even vs China)

8.  Plenty of arable land (80% still unutilized vs say Singapore only 1% available agrii land)

No longer sick man of Asia.  Just a growing economy.  Not a tiger or leopard

Good and bad news on PHL economy

Ateneo Professor on Entrepreneurship

From Satur Ocampo's column "At Ground Level" by Satur Ocampo

The good news:

l.  Moody's has upgraded PHL debt from Ba2 to Ba1 (one notch below investment grade)

2.  Goldman Sach's has considered PHL as one of the 11 emerging economies (the others are Bangladesh, Indonesia, Egypt, Iran, Mexico, Nigeria, Pakistan, South Korea and Vietnam)

3.  PHL ranks 4th (moving from 6th) in terms of most favorable environment for micro enterprise, according to Economic Intelligence Unit.

4.  According to Nielsen, PHL ranks third in consumer confidence given the expansion of business at BPO

The bad news:

l. At 7% rate, PHL has one of the highest unemployment rate in the region.  Most countries have moved from heavy dependence on agriculture to manufacturing to industries and services sector.

2.  PHL has continuously slid down in WB list of doing business from l36 to 138.  What is the public sector doing. (And yet PHL is improving on its competitiveness)

3.   PHL has failed in 4 out of 7 MTD of the UN

What can we do to improve our country?

Best IT Jobs in the Philippines Now

An Ateneo Graduate School of Business Advantage

According to the latest news the best IT jobs are now in the Philippines.  There is no need for Filipino workers to become OFW.   Some jobs abroad may be  paying higher than in the Phil, but the higher cost of living offsets the difference.  This is quite a welcome development;  for the Ph  to be a job seeker's destination.

Several decades ago, we dreamt of creating more jobs in the Philippines so that our countrymen would not see anymore opportunities in some strange hostile foreign lands.  And that someday, some of the domestic helpers would be Caucasians (still far off)


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What opportunities do you see?

What does this development mean to you as an entrepreneur?