THE PHILIPPINE ASEAN RELATIONSHIP
A founding member of ASEAN, the Philippines is a middle-income ASEAN Member State but is today considered the new tiger in Asia amid strong growth.
In 2012, the Philippines GDP grew by as much as 7.1% surpassing economists’ forecasts. In the same year, the Philippine Stock Exchange Index posted 38 all-time highs. FDI inflows average US$2 billion in the past six years and are expected to increase further as the country’s growth momentum continues.
Opportunities abound for investors targeting the sectors of business process outsourcing, electronics, agriculture, renewable energy, infrastructure, and shipbuilding.