The Philippines
Climate: tropical climate dominated by a rainy season and a dry season
Population: 105,341,062 (2018)
Total Land Area: 301,780 km²
Official Languages: English and Filipino
Currency: Philippine Peso
is defined by its emerald rice fields, graffiti-splashed jeepneys, smouldering volcanoes, bug- eyed tarsiers, fuzzy water buffalo and smiling/hospitable people.
The Republic of the Philippines is an archipelago in South East Asia composed of 7,107 islands with Manila as its capital. It is blessed with rich natural resources and miles of beautiful beaches with a coastline of more than 36,000 kilometers.
From the historic town of Intramuros to the sprawling urban Manila to the relaxing and secluded El Nido, the Philippines has something for everyone.
Aside from the diverse tourist spots the country has to offer, the megacities are also worth looking at as an investment opportunity.
MAKATI CENTRAL BUSINESS DISTRICT
Makati is the heart of the financial, commercial and economic centers of the Philippines. It is the home of the Philippine Stock Exchange, the Makati Bussines Club and various foreign embassies.
Despite its metropolitan culture, the City has been named by the Philippine Retirement Authority (PRA) as “Most Retirement and Ageing-Friendly City,” in the country having complied with the age-friendly city criteria of the World Health Organization (WHO).
BONIFACIO
GLOBAL CITY
Bonifacio Global City (also known as Fort Bonifacio) is a highly urbanized district in Taguig City, Metro Manila, Philippines.
Once an American military base, BGC is now home to the corporate headquarters of international firms such as Accenture, HSBC, Deutsche Bank, JP Morgan Chase; upscale residential condominiums; several major shopping malls; a world-class hospital; foreign embassies; and international schools such as the British School Manila, International School Manila and Manila Japanese School.
ORTIGAS
CENTER
Ortigas Center is a convenient, well-connected, Manila's second largest business district. It sits on the border of three cities: Quezon City, Mandaluyong City and Pasig City.
It is home to many shopping malls, skyscrapers, condominiums, restaurants, offices and a lot more. It is also the headquarters of San Miguel Corporation, ADB, Jollibee Foods Corporation, the Philippine branch of HSBC and Robinsons Galleria.
Economic Drivers of
the Philippines
The Philippines' Growth Engine Fueled by These Factors
The BPO Revenue 2018
$24.8B
about 3-4% growth from previous year
1.23 million
Total number of full-time employees in the IT-BPO industry remained the same
Overseas Filipino Workers Remittances 2018
$28.943B
Full year
3.9% growth from previous year
USA, UAE, Saudi Arabia, Singapore, Japan, UK, Germany, Qatar, Canada and Hong Kong
Source of 79% of remittances
Tourism 2018
PHP441.4B
total revenue from January to December
Contribution of tourism industries to Philippine economy (GDP)
12.7%
5.4 million jobs created in 2018
Tourist Arrivals
7.1M
7.65% growth from previous year 6.62M
FAVORABLE DEMOGRAPHICS DRIVE LONG-TERM GROWTH
“The Philippines is now seeing a rise in young working age population and should take advantage of this huge demographic base.” (World Bank)
Philippines population of 104.3M and majority of the population will be of the working age at 20-64 by 2050, with median age of 23.5 years.
This means a lot of buying, spending, and economic activities.
Source: Ayala Land, Inc. 2018