Foreign direct investment is an important element of Thailand's economic development, and the country is one of the major FDI destinations in the region. Japan and Singapore are by far the largest investors in the country and account for slightly more than half of FDI...
To ensure Thailand's economy continues to develop in coming decades, the Thai government adopted a new economic model in 2016 called “Thailand 4.0”, focused on transforming Thailand into a value-based economy built on science, technology, innovation and creativity. Five existing high potential industries and an additional...
The World Bank recognizes Thailand as a success story over the last four decades: a nation which has made great progress in social and economic development, moving from a low-income to an upper-income country in less than a generation. The country is widely appreciated as...
Rough estimates put the number of Filipinos working overseas at 10m. From construction workers to domestic workers, young Filipino men and women go to work overseas in large numbers to escape domestic unemployment, low wages and limited opportunities. From domestic workers in Angola to construction...
Top companies include San Miguel Corp, founded in 1890 as a single brewery, today a diversified conglomerate with interests in beverages, food and packaging; fuel and oil, energy, infrastructure, and banking industries.The company’s product portfolio includes beer, spirits, non-alcoholic beverages, poultry, animal feeds, flour, fresh...
The Philippines Department of Trade and Industry (DTI) defines BPO as the “delegation of service-type business processed to a third-party service provider”. The industry covers contact centres, back office services, data transcription, animation, software development, engineering development and game development. BPO in the Philippines has become...
Philippines has a policy of attracting, promoting and welcoming productive investments from foreign individuals, partnerships, corporations, and governments, including their political subdivisions, in activities which significantly contribute to national industrialization and socio-economic development to the extent that foreign investment is allowed in such activity by...
With a population of 109 M in 2020, the depth and quality of its human resources make the Philippines an attractive place for setting up businesses. Not just in the Philippines, migrant Filipino workers are known and trusted for hard work, professionalism, diligence, creativity, technical...
Philippines is one of the founding member countries of ASEAN and is of key importance to the regional bloc as a Big 5 member. Though a middle-income ASEAN member state, Philippines is today considered the new tiger in Asia amid strong growth. While the pandemic...
Singapore is a sovereign republic, governed by its Constitution. The system of government is modelled after the British system that separates the executive, legislative and judiciary powers. In the recent general elections, Singapore's ruling People's Action Party (PAP) maintained its unbroken grip on power even...
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