Why invest in the Philippines

Resilient amidst the changing times
The Philippines is 1 of the 4 Asian countries to escape recession (aside from China, Vietnam and Indonesia)

Positive outlook on economic growth
US investment bank Citigroup has upgraded the country�s 2011 growth forecast to 5.5 percent (instead of 5.2 percent) after the Philippines posted 7.3 percent growth in 2010 � its strongest economic growth in 34 years.

Strong economic indicators

45 quarters of continuous economic growth
Inflation 2010: 3.5%
GDP 2010 7.3%
PHL Peso: Php43.84 = US$1
OFW remittances grew by 8.17 percent to US17.06 billion

Financial stability
�The banking sector (in the Philippines) is reasonably isolated from what�s been going on internationally, that includes both exposure to sub-prime and other assets with questionable values.�

� James McCormack, Fitch Ratings, in the London-based firm�s decision to keep its stable outlook for the Philippines because of its monetary and financial stability

The local banking industry has a P5-trillion asset base and a P500-billion capital base.

Strong spending power because of an emerging Middle Class
Remittances by Filipinos working overseas are expected to grow to P40B in 2015.