Tuesday, February 26, 2019
The Philippines is currently single of the best performing economies in the ASEAN contri scarceion with a GDP of 6.9% in 2007 (The Economist, 2008). This may be attributed to the presidencys approach towards economical and fiscal reforms such as the implementation of higher(prenominal) Value Added Taxes (The Economist, 2008). However, peace and order may still be on the process of getting a resolution due to slow get on of arrangements with the MILF together with the problems about terrorist group Abu Sayyaf. Still, the Philippine economy holds as one of the best investment climates in the region in light of the governments cutting of interest rates. Primarily, the country is in truth strong in consumer and services sector followed by manufacturing (The Economist, 2008).In hurt of the economic conditions of the nigh countries, Thailand still experiences a strong economic stability in terms of foreign investment measures. The inflation rate is still manageable but the country i s faced with problems on political uncertainties (The Economist, 2008). The country however is very strong in sectors like tourism and manufacturing.Singapore also has a very good investment climate because of stabilized government policies however like before. Foreign investors atomic number 18 still keen on go into the market which is especi all(prenominal)y strong in manufacturing, IT and domestic consuming (The Economist, 2008).Comparatively, the trey countries do not actually compete with each other since they all belong in the ASEAN economic block. Although each nation has its own economic strengths, all of them follow the agreed procedures of sharing investment structures as partition of the ASEANs organization policy.In investing in the Philippines, an investors main possible issue is with regards to the current strengthening of the Peso. Primarily, this reflects a weakened US dollar which can make it hard for a foreign investor to maximise the investment values. Add to that the increasing dollar remittances from the countrys afield workers which devaluates the US dollar more. In terms of business management, there are no actual foreseen problems since the government does not interfere in privately segmented investments (The Economist, 2008)ReferencesThe Economist. 2008. Country Briefings Profiles, Forecasts, Statistics. Retrieved January 27, 2008 from http//www.economist.com/countries/.