The Philippines, with its rich culture and natural resources, is a great country to invest and put up your business in. The large workforce population is skilled and proficient in English.
The Philippines has a land area of approximately 300,000 square kilometers (115,000 square miles). Its topography is varied, and includes vast arable lands, mountainous regions, a coastline extending to more than 18,000 kilometers and around 60 natural harbors.
The country’s climate is tropical, with average temperature varying from 75°F to 87°F (24°C to 31°C). The northern half of the country has a pleasant, cool weather from November to February; a hot, dry season from March through May or June; and rainy weather from July to October when storms visit the area. The southern half of the country has a less changeable climate and is seldom affected by tropical storms. Humidity is high, ranging from 71 per cent in March to 85 per cent in September. Average rainfall is 305 centimeters (120 inches).
The Philippine economy is market-oriented, although pricing mechanisms remain regulated in a few sectors to protect consumers. During the past decade, the Philippines has undergone significant structural reforms. Domestically, the competitiveness of the market has been enhanced through the dismantling of protection for “infant industries” and the breakdown of industries with monopolistic or cartel tendencies. Internationally, the economy has been opened up to global competition through a tariff reduction program, loosening the restrictions on inward foreign investment. The result is a diverse economy, featuring a sound mix between the agricultural, industrial, and service industries. Together with a strong BPO sector, booming construction, increased consumer and government spending, and external trade, this contributed to the highest quarterly growth since 2010.