Country: The Philippines
Overview
The Philippines is an archipelago composed of about 7,640 islands and a population of 109 million people. UK businesses including those in the telecoms and financial services sector have a strong presence in the Philippines.
Both the Philippines’ population and economy are growing. It also has a strong consumer market with a growing demand for luxury items, real estate Western goods and services.
The Philippines is taking steps to spread government and economic activity across its provinces to reduce reliance on its capital city. Infrastructure and transport connections are also being improved.
Further reading from the Department for Business and Trade:
The Philippines stands as an enticing opportunity for British companies seeking to expand their reach within the flourishing ASEAN market. With a resilient economy, diverse cultural landscape, strategic geographical location, and supportive business environment, the Philippines offers a plethora of avenues for British enterprises to explore and capitalise on in the Southeast Asian region.