What an honor to be named the “Best Country to Invest In” for 2018 by a recognized international leader in research analysis and annual rankings.
The venerable US News & World Report based in Washington, DC announced that the Philippines is the best investment destination this year among 80 countries in six continents.
This media company with an 85-year track record partnered with global marketing communications firm Young & Rubicam as well as the University of Pennsylvania’s Wharton School in coming up with the best countries list.
We have been ranked as the number one investment destination in a survey of 6,000 decision makers worldwide, validated by figures from the World Investment Report 2017 published by the United Nations Conference on Trade and Development (UNCTAD).
While Southeast Asia as a whole has experienced declining inflows of foreign direct investment (FDI), the Philippines continues to perform well and is expected to receive more FDIs in the years to come, according to both the US News and UNCTAD reports.
Despite the bad press we’ve been getting in America and Europe, the study cited our strengths coming from a young and hardworking workforce; expanding middle class; excellent inclusive growth momentum; stable monetary policy; fiscal discipline; improved revenue collection; membership in ASEAN; politically stable environment; strong and popular leadership; strong anti-corruption drive; and achievable infrastructure program.
Our investment promotion agencies better get their acts together to maximize the country’s benefits from this rare distinction as the emerging investment paradise of the world.