The Philippines has been identified as one of the emerging manufacturing nations in the region, but the country’s developments in this sector may still be paling in comparison to those seen among its neighbors in the Association of Southeast Asian Nations (Asean).
Southeast Asia should expect slower growth this year as tighter monetary conditions in the world’s more advanced economies could destabilize financial markets in the region.
Japan has committed to support the Philippines’ initiative to further enhance its industrial competitiveness and become a hub for manufacturing and human resources development in the Asean region.
Projected growth for Southeast Asia’s major economies has been cut for this year amid slumps in Vietnam and Indonesia and political unrest in Thailand, the Asian Development Bank (ADB) announced Friday.
Fifty Philippine publicly listed companies, including the Philippine Stock Exchange (PSE) itself, were included among the top-performing companies in the country for the second straight year based on the Asean Corporate Governance Scorecard (ACGS) country reports and assessments 2013-2014.
