Money & Power

Philippines Is the Best Country for Foreign Investments in 2018, Says U.S. Online Publication

U.S. News & World Report ranks the Philippines as the most “financially attractive” country for foreign business.
IMAGE Alvin js5/ WIKIMEDIA COMMONS
Comments

The Philippines came out on top in a list of countries that offer the most attractive investment opportunities for foreign businesses, according to American media organization U.S. News & World Report. The country ranked first in U.S. News’ list of “Best Countries to Invest In,” which it defines as “the countries business decision-makers find financially attractive.”

The report surveyed over 6,000 business experts and ranked countries based on eight characteristics, judging whether or not a country is corrupt, dynamic, economically stable, entrepreneurial, innovative, has a favorable tax environment, has a skilled labor force and has technological expertise. On top of those factors, U.S. News also highlighted the countries’ rising inflows of foreign investments as a major reason for topping the list.

ADVERTISEMENT - CONTINUE READING BELOW

“In contrast to declining inflows of foreign direct investment, or FDI, to Southeast Asia as a whole, the Philippine continued to perform well,” wrote U.S. News. “In years to come, the country is expected to receive more FDI from within the region from powerhouses like China that are looking to utilize available labor in developing nations.”

Indeed, net inflows of FDI to the Philippines have been increasing in the past few years, growing almost eightfold from $1.07 billion in 2010 to $7.98 billion in 2016, according to data from the World Bank. That stands in contrast with most other Southeast Asian countries, which have seen decreases and/or fluctuations in recent years.

The Philippines is joined by several Southeast Asian neighbors in the top five, with Indonesia ranking second, Malaysia coming in fourth and Singapore placing fifth. Also in the list are Thailand (No. 8) and Vietnam (No. 23).

The “Best Countries to Invest In” list is part of U.S. News’ overall Best Countries ranking, which surveyed 80 countries based on several economic, social and cultural factors. In the overall list, the Philippines ranked 49th, down from 43rd in the previous year.

ADVERTISEMENT - CONTINUE READING BELOW

*****

Lorenzo Kyle Subido is a staff writer of Entrepreneur PH.

*This story originally appeared on Entrepreneur.com.ph
*Minor edits have been made by the Townandcountry.ph editors

Comments
View More Articles About:
About The Author
Lorenzo Kyle Subido for Entrepreneur.com.ph
View Other Articles From Lorenzo Kyle
Comments
Latest Stories
 
Share
 
Share
One of his fondest projects for a celebrity client took 3,000 hours to complete.
 
Share
April babies get the most coveted gem of all for their birthstone.
 
Share
"We thought this is perfectly normal, everyone must do it."
 
Share
Before the couple arrived in the country on Sunday, no member of the British royal family had visited the country since it came under communist rule.
 
Share
A dozen of the people charged in the massive nationwide fraud are set to appear in court today, but what about the students who benefited from the bribes and fake test scores?
 
Share
Every family is different in how they display their wealth.
 
Share
These classic pieces are some of the most coveted from the brand.
 
Share
There’s far more to "Angels in America" than its tackling of gay and AIDS-related issues.
 
Share
Now you can add the Hermes level of luxury to your beauty routine.
 
Share
There's still some time to catch the musical that features songs by the Apo Hiking Society.
Load More Articles
CONNECT WITH US