The Philippines consists of some 7,000 islands – only 730 are inhabited and 11 account for most of the land area as well as population.
The economy is dependent on manufacturing, agriculture, forestry and fishing. Most industries are concentrated around Manila, the capital city, Cebu and Davao cities. These being the most interesting places to find business contacts.
The Philippines population is youthful with more than half the population aged under 24. Incomes in urban households are on average 2.5 times higher than in rural ones.
Even if the household income is not the highest in the region, there are many business to do in the Philippines. Many services for export orientated companies are needed. Infrastructure opportunities are numerous. Doing business in the Philippines should be a priority for your expansion plans.
