Why invest in the Philippines
Why Invest in the Philippines? Strategic Location Located right along the South China Sea, the Philippines iswithin four hours flying time from Asia’s dynamic economies like China, South Korea, Japan and the rest of ASEAN. Highly-educated, competent, and English-speaking workforce Highly-educated, easy to train, hardworking, and with a good command of the English language, the Filipino worker is the Philippines’ best asset. Huge Domestic Market With a domestic market of close to a hundred million people and an expanding middle class, the Philippines has a strong consumption-driven economy that can well support growth in any industry. Outstanding Investment Policies At par with the rest of the world, the Philippines offers ideal investment policies like the special economic zones, offering income tax holidays and simplified bureaucratic procedures that make doing business easier and more profitable. Expat-friendly location World-class and affordable educational, housing, medical, retail, and tourist facilities make the Philippines an ideal location for expatriates and their families who wish to do business and reside in the country. Diverse investment opportunities There are a wide-range of untapped investment opportunities in the Philippines in sectors such as agriculture, high-end manufacturing, and services. Related Links on Investing in the Philippines:
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Success Stories Texas Instruments For over three decades now, Texas Instruments has been manufacturing high-quality, not to mention high-tech components for computers and other electronic equipment. It began in 1979 in Baguio, a city situated in the middle of the mountain ranges of the Northern Philippines. Since then, TI’s operations in the country have grown tremendously. It has become one of the country’s biggest single foreign investor. With its new, 77,000-square meter, state-of-the-art facility in Clark, a former US Air Force base outside Manila, TI aims to further expand its operations in the Philippines. It is set to invest a total of one billion US dollars over the next 10 years. Shangri-La Hotels and Resorts Investment-savvy entrepreneurs are always in search of an investment Shangri-La, where business is not only good, but thriving. Shangri-La Hotels and Resorts, one of the world’s top hotel chain, found its own Shangri-La in the Philippines. The country now has three luxury hotels under the Shangri-La brand in Metro Manila and a posh hotel and beach resort in world-famous Boracay Island. As a testament to its success, the company intends to further enhance its presence in the Philippines by adding another property in Metro Manila’s new business district, Bonifacio Global City. Shangri-La at the Fort will have 577 hotel guestrooms, 97 hotel residences, and 96 so-called “Horizon Homes”. The iconic 60-storey structure is expected to open to guests by 2014. Hanjin Heavy Industries True to its maritime heritage, the Philippines plays host to the world’s largest shipbuilder, Hanjin Heavy Industries. The company maintains a modern shipyard located approximately 150-kilometers northwest of Manila, in Subic, one of the Philippines’ premiere economic zones. The company started its operations in 2008, producing 521 million-US dollars’ worth of ships. By 2011 the figure more than tripled, reaching 1.75 billion US dollars. It aims to reach a 2.5 billion-US dollar sales figure by 2016. Hanjin’s investments made the Philippines the fourth largest shipbuilder in the world.
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