WORLD: Philippines ‘best country to invest in’ — US News and World report

The Philippines is the “best country to invest in,” based on rankings released by US News and World Report.

It noted  the  Philippines as  top investment destination for  its young population that is attractive to firms looking for a good labor force.

The   report  also  highlighted four factors — the country’s people, environment, relationships, and framework — that propel both individuals and corporations to invest in a given country’s natural resources, markets, technologies, or brands.

The US News & World Report also says   the Philippines has continued to perform well in attracting  foreign direct investments to its economy based on United Nations data despite the overall declining inflows of such investments in Southeast Asia as a whole.
 

 

 

The second-best country to invest in this year is Indonesia, which US News said is one of the most promising recipients of FDIs in Southeast Asia.
Number Three on the list is Poland, whose economy according to the World Bank would continue to be in a good shape despite the turbulence of Britain’s exit from the European Union and the refugee crisis in Europe, US News said.Completing the list of the five best countries to invest in in 2018 are Malaysia and Singapore.
Also included in the list of best countries to invest in are Australia (6), Spain (7), Thailand (8), India (9) and Oman (10).US News also listed Czech Republic, Finland, Uruguay, Turkey, Ireland, Netherlands, United Kingdom, Brazil, France and Chile as some of the best destinations of FDI this year.

Over-all the Philippines ranked 49th out of 80 countries included in the study. Switzerland was the “over-all best country,” followed by Canada, Germany, the United Kingdom and Japan.

The study gauged the countries based on 65 attributes and included 21,000 respondents worldwide. US News and World Report said it used criteria developed by The Wharton School of the University of Pennsylvania and Y&R’s BAV Group.

The attributes were grouped into 9 sub-rankings: adventure, citizenship, cultural influence, entrepreneurship, heritage, movers, open for business, power and quality of life, the publication said.

The Philippines is “flooded with billions of dollars” in remittances from overseas workers, US News said on its website. The country also has a “flourishing” tourism industry.

Dependence on global trade, however, is “risky” and the country is prone to natural disasters, the publication said.

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