Oxford Economics: 10 emerging markets will dominate the global economy in the next decade 2019-2028

  • Most of the top 10 fastest growing emerging market economies are in Asia, in line with expectations that the region is the future of the global economy.
  • The Philippines is set to have the highest increase in its labour force of any of the top 10 which, alongside its GDP growth of 5.3% which is following only the top performer India.

Source: Business Insider

Data: Oxford Economics

Philippines rank 2018 No. 1 Best Country to Invest In

According to US News & World Reports, the Philippines ranked number one destination for investment in 2018.

More than 7 thousand islands in the Southeast Asian area comprise the tropical nation of the Philippines.

With more than 100 million people, it’s the 13th most populous nation in the world.

English in an official language used in the schools; the country is the third-largest group of English speakers in the world.

Religion is marked by a 92% large majority of people being adherents of the Christian faith.

The Philippines are a member of major international organizations, including the UN, the ASEAN and the WTO, among others.

As an emerging economy, it stands out of the Southeast Asian countries with stable and solid macroeconomic fundamentals, together with remarkable GDP growth during the last years.

GDP is mostly given by remittances from Overseas Filipino Workers, Real Estate and Business Process industries, with strongly growing Tourism.

It’s currently a stage of huge investments for the Country’s infrastructures and it’s opened to direct foreign investments.

Foreign Investments in the Philippines surge 49% in 2018

Foreign direct investments (FDI) continued to surge into the country for the January-May 2018 period, with registered net inflows hitting $4.8 billion, or a growth of 49 percent from the comparable period in 2017, the Bangko Sentral ng Pilipinas (BSP) said.

Foreign banks pick the Philippines as a hub for global operations

European ING and Japanese MUFG are about to start up their global hubs in the Philippines, following other banks which already chose it and are fully operating like J.P. Morgan, HSBC, Wells Fargo, among others.

Banks choose the Philippines primarily due to its large English-speaking population.

Another compelling reason is that business process outsourcing (BPO) contributes a great deal to the country’s yearly gross domestic product (GDP), and many foreign companies have set up their operation centers in the Philippines.

Many opportunities in the Financial Services are oversll opened to foreign investors to start up and expand their business. Aside Global Banking, Private Banking and Consumer Lending are probably the most interesting specific topics to focus, considering a remarkable growth of new High-Net-Worth individuals and growing incomes (together with a strong “appetite” as consumers) for large quotas of the domestic population.

Helyos matured a specific expertise to help potential investors and ventures to start their business in the Philippine financial services market, as Advisor or Partner.

Mailto admin@helyos.com.ph to get in touch.



Read more at https://www.philstar.com/business/banking/2018/05/15/1815173/more-foreign-banks-pick-philippines-hub-global-operations#zl5LGtsCHGoQgagh.99
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