by: Sarah Joson
Monday, June 10, 2013 | Outsourcing News |
During the recent World Economic Forum (WEF) in East Asia, President Benigno Aquino III said the vigorous economic environment and stable political climate of the Philippines are making it a prime destination for investments.
The President identified tourism, infrastructure development, and agriculture as some of the key industries that investors can look into. Moreover, he highlighted the continuous efforts of his government in creating a better business environment for investors, minimizing regulatory risks, and providing equal advantages and opportunities for the public and private sectors.
President Aquino also talked about the economic vitality of the Philippines in a conference attended by 200 businessmen and organized by Ayala Corporation. He identified low inflation and borrowing rates, various growth opportunities, supportive government, and a loyal and creative workforce.
Moreover, he noted that by forming partnerships, the country, across all sectors and backgrounds, will move forward as a whole.
With the changes made by the President, particularly with corruption, the Philippines is now in a favourable position in attracting new investors. He said the country’s success has already received various names such as the brightest spark in Southeast Asia, Asia’s Rising Tiger, and a hotspot.
He also noted that while other countries are experiencing a slowdown, the Philippines saw robust growth and has even received investment grade ratings from two renowned rating agencies.
We can help you understand the possibilities. Reach out to us today.