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» Articles - Investment potential in the Philippines
Investment potential in the Philippines
The Philippines is an archipelago of 7,100- islands and it is located in the southeast asian region. It has one of the longest beaches in the world and has various natural wonders and scenery which is ideal for tourism businesses and real estate investment.
Perhaps you know by now that the Philippines is on the verge of a phenomenal future, with the strongest economic recovery in 20 years, a more resilient currency, improved infrastructure, bold fiscal reforms and what is probably going to be the biggest real boom in Philippine history.
In spite of the current global financial crisis I'm prepared to say that our economy is not significantly affected. An indication of this is our 2008 GDP which had a modest growth of 4.5% from 2007 GDP of 7.3%.
In particular, the real estate business in the Philippines is still continuing to bloom.
This is quite different to the situation that we had in 1997 with the Asian currency crisis when practically all our economic indicators were in the down trend. Hence, by comparison we are certain that today we have a healthy economy.
If you would like to comment on or discuss any of the comments above please contact me via my SuperInvestor profile page.
Ben G. S. Germo
The Century Properties Inc
Now that you have read this, what do you think? Do you have other ideas? Please share you views with other members (eg by blog or on the discussion forum) and/or request professional member(s) to contact you directly.
