Foreign Direct Investment in the Philippines 2012
The Philippines moved up significantly on an annual index of business competitiveness and now ranks 72nd out of 132 countries on the World Economic Forum’s enabling trade index, up from 92nd place two years ago.
The Global Enabling Trade Report 2012 ranks countries based on market access, border administration, transport and communications infrastructure, and business environment. The Philippines showed the greatest improvement in the area of market access, moving up 50 places from 64th in 2010 to 14th in 2012. Improvement was also seen in the category of efficiency of import-export procedures.
Net inflows of foreign direct investments (FDI) to the Philippines for the first two months of 2012 were $850 million, three times higher than the $335 million during the same period in 2012. Gross inflows for the first two months of 2012 were $927 million.
The Philippines’ strong macroeconomic fundamentals are making the Philippines an attractive environment to invest at a time of continuing concerns over the sovereign debt crisis in some parts of Europe and the moderation in global activity.
Philippines GDP 2012
Moody’s Analytics has upped Philippines GDP for 2012 to 4.7%, which is stronger than expected. The government announced today that the Philippine economy expanded 6.4% in the first three months of the year. This is attributed to the reforms being undertaken by the Aquino government that continue to attract foreign investment. The Philippines has so far received six upgrades from Moody’s Investors Service since President Benigno Aquino III assumed power. The Philippines has the strongest GDP growth in Southeast Asia and the second strongest in Asia behind China.
The Bangko Sentral ng Pilipinas on Thursday reported that net inflow of FDIs reached $766 million in January compared with the $214 million registered in the same period the previous year.
The Philippines Largest Foreign Direct Investment Industries Outsourcing
- Real Estate