Cover of The Report: Philippines 2017

The Report: The Philippines 2017

Despite gloomy global trade forecasts, the Philippines’ strong macroeconomic fundamentals, competitive geographical and labour force advantages, and rising domestic consumption bode well for future trade and investment.

Worrying statements from President Duterte have caused some uncertainty among foreign investors, but far-reaching policy reforms – including corporate income tax reduction, loosening of foreign investment restrictions, and reduction of red tap and lengthy business registration processes – will help offset these concerns. Export growth may falter, but expected increases in foreign direct investment inflows should reverse the situation and the country is likely to meet its 2017 targets for investment.

 

OBG & Philippines