The Philippines

The Philippines offers a liberalised economy and a highly westernised culture that is very receptive to UK products and services. The Philippines is the third-largest English-speaking country in the world and its workforce is easily trainable and generally skilled. Often voted as one of the most liveable countries in Asia for expatriates, the Philippines has a well-developed network of communications and transportation infrastructure that links the three largest island groups of Luzon, Visayas and Mindanao.

In addition, the Philippines’ strategic location makes it a potential gateway for investors to the wider Asian region. It is less than two hours’ flying time to Hong Kong, within four hours of other major Asian cities, and lies astride major international shipping lanes.

Country Information
  • Head of State: President Rodrigo Duterte
  • Capital city: Manila
  • Total population: 108.10 million
  • Languages: Filipino and English (official); 8 major dialects – Tagalog, Cebuano, Ilocano, Hiligaynon, Bicol, Waray, Pampango and Pangasinan
  • Religions: Roman Catholic 80.6%, Muslim 5.6%, Evangelical 2.7%, Iglesia ni Kristo 2.4%, Other Christian 4.5%, Other 4.1%, None 0.1%
  • Monetary unit: Peso (PHP)
  • Natural resources: Petroleum, gold, silver copper, nickel, cobalt, timber, salt
  • Major exports: Semi-conductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, fruits
  • Major imports: Electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic

Today, the Philippines is currently Southeast Asia’s fastest-growing country and one of the most dynamic economies in the East Asia Pacific region. With increasing urbanization, a growing middle class, and a large and young population, the Philippines’ economic dynamism is rooted in strong consumer demand supported by a vibrant labor market and robust remittances. Business activities are buoyant with notable performance in the services sector including business process outsourcing, real estate, tourism, and finance and insurance industries.

UK businesses with international ambitions are strongly encouraged to explore this market now to take advantage of continued future growth.

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