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    Default Invest in Philippines, the 'Dark Horse' of Asia: Expert


    As far as emerging markets go, the Philippines is seldom the choice investment destination, but one analyst says the Southeast Asian nation could well become the "dark horse" of the region, thanks to its favorable demographics and sound economic fundamentals.

    The Philippine's "very robust and young population" presents a ready pool of talent, says Mark Matthews, Head of Research Asia at Bank Julius Baer. He expects the country's population of 93 million, around half of whom are below 20 years old, to more than double to 190 million by 2040.

    With fertility rates declining in the West and in Asian countries like Japan, Korea and China, the Philippines will increasingly become an important source of immigrant labor, he added.

    "And the interesting thing is 80 percent of them speak English," Matthews said. "Most people who speak English in third world countries, they don't want to go overseas to work in sort of manual labor. But the Filipinos have no problem doing it...and they are making three times as much as they are making back at home, and they are sending it back home."
    The Philippines is already one of the world's biggest recipients of remittances - the fourth biggest in 2010 according to the World Bank - which account for a tenth of the country's gross national product. According to the country's central bank, monthly remittances hit a record high of $1.7 billion in September with total remittances for the year expected at $20 billion.


    Read more here:

    Invest in Philippines, the 'Dark Horse' of Asia: Expert - Yahoo! Singapore Finance

  2. #2

    Default Re: Invest in Philippines, the 'Dark Horse' of Asia: Expert

    the only powerhouse employers here are call centers...

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