Insights

Risk, uncertainty and opportunity in a changing tax landscape

How are tax policies affecting your business in Asia Pacific? In this year’s Asia Pacific Tax Complexity Survey Report, over 800 business told Deloitte how they feel about the tax regimes in 20 jurisdictions across the Asia Pacific region.

News

Philippines to ride global manufacturing growth wave to be one of Asia Pacific’s economic standouts

Report projects the Philippines to be one of Asia Pacific’s growth leaders driven by manufacturing, business process outsourcing (BPO), construction, transportation and logistics, and information and communications.

Panama Competitiveness Report

Insights

Competitiveness: Catching the next wave

The Philippines

The Philippines, capitalizing on the global manufacturing wave and other key industries, is set to become a growth leader of Southeast Asia. This second report in a competitiveness series examines how the Philippines has shed the moniker of “the sick man of Asia”, and delves into the key sectors driving the Philippines’ future prosperity.

2014 Philippines Competitiveness Report

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Competitiveness: Catching the next wave - The Philippines

In the past three years, the Philippines has emerged as one of the stellar economic performers in the Asia Pacific region. And confidence is high that this energetic growth will continue.

While the Philippines still must do more to reduce unemployment and create a path of long-term sustainable growth, there are opportunities in key industry sectors that are likely to propel the country’s growth for the next twenty years. As labor rates rise in China, the Philippines could become a more attractive manufacturing center, especially if the nation’s power supply is stabilized. The business process outsourcing (BPO) sector also has room to expand further. Smart investments in infrastructure could boost the construction sector and lead to higher productivity growth, as would improvements in the nation’s roads and harbors. All these efforts can be supported by continued reforms to make the Philippines even more competitive in the dynamic and fast-changing Southeast Asian region. 

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Gary Coleman

Managing Director, Global Industries, DTTL

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Dan Konigsburg

Managing Director, Center for Corporate Governance

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Ira Kalish

Chief Global Economist, Deloitte Touche Tohmatsu

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