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PH Takes 3rd Spot in Global Business Optimism Survey

by: Sarah Joson

Wednesday, January 6, 2016 |

Grant Thornton’s International Business Report (IBR), which is a quarterly survey of global business leaders in 36 countries, found that Philippine businesses are optimistic for 2016.

The country’s projected earnings, selling prices, employment rate, and profitability helped it get an optimism rating of 84 percent and nab the third spot out of the 36 economies surveyed.

India got the top spot with 89 percent, followed by Ireland with 88 percent.

Business optimism in the Philippines marginally decreased from 86 percent to 84 percent in the last quarter of 2015. The survey also indicated that companies in the Philippines anticipate good turnouts for revenue, selling prices, employment, and profitability.

As for businesses in the Asia-Pacific region, they are said to be resilient. In fact, the survey reported that business optimism in the region improved from 20 percent to 31 percent in the fourth quarter, and is higher than the 27 percent posted in the same time last year.

Meanwhile, neighboring nations like Thailand saw a drop in optimism - from 26 percent to 10 percent - in the fourth quarter of last year. Malaysia is another country that experienced a drop in optimism from 30 percent to 20 percent. In contrast, China posted a 10-percent increase.


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