The overall investment climate in the Philippines has improved in the past decade, and that’s a good thing. Experts say that the Philippines will sustain strong growth amidst the local and global uncertainties brought by the COVID-19 pandemic. They also stated that it will achieve new heights in economic growth in the coming years.
Doing Business in the Philippines
Cebu has established itself as the main economic stronghold in the Visayas region. With support from the local government, the province has emerged as one of the key cities in the region for private businesses.
There are many things to consider when shopping for a credit card in the Philippines. Currently, there are over 40 commercial banks in the Philippines. And it can get overwhelming to choose the one that’s right for you. It’s important you consider your personal needs when choosing because they will help you narrow down the features your ideal credit card should have.
Financial management is crucial to company success. As a business owner, it is important for you to stay on top of the financial health of your business so you can properly allocate your funds and anticipate any financial risks before they can have significant effects on your company’s growth.
Companies are cautious with their stride for long-term success. So when a high-skilled talent resigns, they try to fill the vacancy before it affects company performance. Companies look for replacements; but locating top C-level and hard-to-fill candidates in the competitive job market is a difficult task.
Information Technology-Business Process Outsourcing (IT-BPO) is the fastest growing industry in the Philippines today. It boasts a steady growth in revenue with an average of 9% yearly and covers about 10-15% market share of the global outsourcing market.
Cryptocurrency has the potential to empower millions of unbanked people in the Philippines. It bypasses the setup fees and identification requirements of traditional banks. Anyone with an Internet connection can gain access. It also addresses many of the operational inefficiencies that beset the banking industry.