The Report: Philippines 2016

Download or read book The Report: Philippines 2016 written by Oxford Business Group and published by Oxford Business Group. This book was released on 2016-04-08 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Philippines emergence as a growth leader has been building gradually since the 1990s, following a long period of low growth and political upheaval. As of the 2010s improved governance under the administration of President Benigno Aquino III has helped to accelerate foreign direct investment (FDI) in business process outsourcing while reviving FDI into the manufacturing sector. This, and a demographic bulge in the young adult bracket, helped bring the average pace of growth in the first half of the 2010s to 6.3%, beating all the country’s main South-east Asian peers.