by: Sarah Joson
Thursday, March 13, 2014 | Outsourcing News |
According to Ryan Charland, President and Chief Executive Officer of Manulife Philippines, the country has been posting strong GDP growth for two straight years in 2012 and 2013, and slowly gained recognition as a key player in the developing markets space in Southeast Asia.
The executive added that the positive outlook echoes the growing confidence of global clients towards the Philippine economy, especially because of its tenacity amidst natural disasters and volatile business environments.
Other Asian countries got lower scores. Malaysia got 48, Indonesia posted 41, Japan with 18, China got 17, Singapore had 13, -11 for Taiwan, and Hong Kong posted the lowest score with -13.
Canada and the United States were also strong players, scoring 32 and 22 respectively.
The collective sentiment for Asia is 22, same with US’ and is a jump from Q3 2013’s score of 15. However, if the Philippines was excluded, overall sentiment would just be 16.
The formula for the index score is the percentage of respondents who say it’s a good time to invest minus the percentage of respondents who say it’s a bad time to invest.
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