Philippines are about to ease restrictions to foreign ownership of businesses

Despite of many criticism, specially related to some positions about USA role in the future of the Philippines and the on going “war to drugs” in the country, the new President of the Philippines is moving on with plans to open Filipino ownership of businesses to foreigners, changing some constitutional rules, aiming to attract more investors and sustaining a higher GDP growth during the next years.

For any information about business development and real estate investments in the Philippines mailto management@helyospartners.com 

President Duterte moves on to ease foreign ownership of businesses in the Philippines

PIL +6,9%, consumi e investimenti in crescita, disoccupazione in discesa al 6%, inflazione al 2%, debito pubblico al 35% sul PIL: che Paese è?

Non si tratta della nostra Italia, purtroppo.

Parliamo delle Filippine, e i numeri citati sono forniti dal Fondo Monetario Internazionale dopo l’ultima consultazione con il Paese, appena conclusa.

Potete leggere qui tutti i dettagli del report.

Per qualsiasi informazione sulle opportunità di business e investimento scrivere a management@helyospartners.it (assistenza in italiano).

 

 

Very positive report about the Philippines from IMF Executive Board on October 2016

On September 14, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Philippines.

The Philippine economy has continued to perform strongly. Real GDP regained strength from a slowdown in mid­2015 to record a robust 5.9 percent growth rate in 2015 and 6.9 percent in the first half of 2016. Both consumption and investment grew rapidly, while net exports were held back by weak external demand. Job creation was also strong, with the unemployment rate declining to 6.3 percent in 2015 and 6.0 percent in the first half of 2016. Inflation has remained moderate, falling below the BSP’s target band (3±1 percent) in 2015 and the first seven months of 2016 due to lower commodity prices. The external and fiscal position remained robust in 2015, with a current account surplus of 2.9 percent of GDP, gross international reserves of US$81 billion (or 11 months of imports of goods and services), a national government fiscal deficit of 1.4 percent of GDP, and general government debt at 35 percent of GDP.

IMF Executive Board about the Philippines October 2016