Driven by broad-based expansion in domestic demand, the Philippine economy
continues to perform strongly. According to the World Bank, the Philippines economy is set to grow between 6.5 to 7.5 per cent. Robust economic growth, rising business confidence, and improved
competitiveness outlook are prompting investors to take a closer look at
the Philippines and the opportunities it offers. The manufacturing
sector has been the leading recipient, with food processing, as well
as the banking and business process outsourcing (BPO) sectors.
Over A$2.2 billion of foreign aid from multi-lateral development banks
(MDB) and international donor agencies (IDA) flow into the Philippines,
largely into infrastructure, education and capacity building programs (Source:
Foreign Aid Transparency Hub).
The Austrade office in the Philippines is also responsible
for Guam and Micronesia
More information on doing business in the Philippines
ASEAN NOW – Insights for Australian Business
A digital report on Australia’s trade and investment relationship with ASEAN.
- Why ASEAN matters to Australia
- What’s driving growth
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- Case studies.