A string of coral-fringled Islands on a vast expanse of the pacific, The philippines is undoubtly a place of natural wonders. Teeming with natural resources and boasting of staggering landscapes, the counry does not disappoint those who go the extra mile to reach it. Indeed, nothing compares to the abundance of diverse natural resources offered by the philippines.
With the 12th largest population and the 43rd largest economy in the world, the Philippines certainly has the scope for development. Included in Goldman Sachs's Next Eleven economies among the likes of Mexico, South Korea and Turkey, there has been a tremendous transition over the 21st century from an agricultural base to a service-based economy. Thanks to its sustained growth and modernisation, the Philippines has managed to attract many large multinational corporations looking to lower their costs and take advantage of competitive domestic wages and a highly educated workforce. Toyota, Intel and IBM have all moved operations to the Philippines thanks to its strategic location in southeast Asia, nestled among high growth nations such as Singapore, Malaysia and China on the mainland.
The Philippines' newly industrialised economy has been tipped as being among the most promising in the world, but doing business can a tricky task without the help of local experts.
KEY BUSINESS OPPORTUNITIES
Located strategically in the Asia-Pacific region, the country is a natural gateway to the East-Asian economies.
It offers a highly educated and literate workforce. More importantly, the Filipino workforce is one of the most compelling advantages the Philippines has over any other Asian country. With higher education priority, the literacy rate in the country is 94.6% — among the highest. English is taught in all schools, making the Philippines the world's third largest English-speaking country. Every year, there are some 350,000 graduates enriching the professional pool.
The Philippine is ranked in 2000 as the # 1 source of knowledge workers in the Meta Group's Global New E-Economy Index .
Diese Geschichte stammt aus der December 2016-Ausgabe von SME Magazine Singapore.
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Diese Geschichte stammt aus der December 2016-Ausgabe von SME Magazine Singapore.
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