The Philippine economy continues to grow , reporting 7.1% in the third quarter year-on-year, exceeding expectations once again and making it the best performer in Southeast Asia.
The Philippines also recently placed 87th among 141 countries in the Forbes’ Best Countries for Business List, beating both China and India.
The country registered a surplus of over $600 million in its balance of payments in October, driven partly by dollar inflows in the form of remittances, as well as investments in the business process outsourcing sector.
Moody’s Investors Services has projected that the Philippines’ key debt ratio this year will fall below the 50% threshold, from a peak of 74.4% eight years ago, due to efforts to shore up revenue collection and reduce liabilities.
To ensure you maximize your investment here, you need a reliable business partner to support your business and guide you through the red tape. Whilst the opportunities in the Philippines are obvious , the path to seizing them is often complex and bureaucratic. Over the years Triple i has helped hundreds of multinational companies make the most of this booming economy.
As the only ISO registered business consultancy in the Philippines we offer complete corporate housekeeping services so that you can focus on your business and achieve your goals. Our International staff speak more than 8 languages and have many years of experience doing business across the Philippines.
Contact us today for a free consultation.