What's Driving The Philippines
In a recent panel discussion on business opportunities in the Philippines entitled “Bottomline 2008,” which included Philippine Finance Secretary Margarito Teves as well as representatives of Bangko Sentral ng Pilipinas and the International Monetary Fund, three industries were identified as high growth engines that will drive the country forward:
1. Business Process Outsourcing 2. Ecotourism 3. Mining
These three industries will play a major role in what the Philippines will look like in the future so any trend analysis on the country should pay close attention to the directions that these industries are taking. We've discussed in the past how business process outsourcing is already influencing city lifestyle behavior and Manila's real estate landscape.