The Philippines has placed a spotlight on its healthcare-oriented business process outsourcing (BPO) industry in an effort to migrate away from non-lucrative voice work, which dominates the service sector.
Remittances from Overseas Filipino Workers (OWF) remained strong during the first quarter of 2013. The Philippines Central Bank forecasts a solid 5 per cent annual increase in remittances volume for the full year.
The throbbing exuberance witnessed at the Philippine Stock Exchange over the years since the peak of the global financial crisis created a rally that may have finally been checked, and not a moment too soon.
With the economic boom being seen in the Philippines, nouveau wealth is appearing in the country, boosting the property market. Experts are at strife about the question whether a bubble is in formation.
The Philippines is expected to be among the top performers in Southeast Asia for the years to come. Inside Investor talked to Cristino L. Panlilio, outgoing Philippines’ Department of Trade and Industry Undersecretary.