It’s not just “more fun in the Philippines,” it’s actually sizzling hot! The world’s second-largest archipelagic nation registered strong economic growth of 6.6 percent last year. Its over 90 million population is a young, vibrant and growing middle class with rising disposable incomes. Filipinos with extra cash in their pockets are now taking to the skies, setting an upward trend for air travel growth.
Fitch Ratings said the Philippines and countries in the Asia-Pacific were likely to remain the most resilient to global economic weakness among the regions in the world until 2014 given the strong domestic demand in these economies.
Standard & Poor’s has aired its concern over the robust pace of growth in bank lending in Asia-Pacific, saying excessive credit may eventually spawn economic problems.
Stiff budget cuts that take effect Friday because of a political standoff over America’s burgeoning debt could crimp US military activity in the Asia-Pacific, just as Washington seeks to reassure friends and allies of its staying power in the region.
Lucio Tan’s Asia Brewery Inc. expects a healthy growth in revenue as it looks to tap new markets throughout Asia-Pacific for its popular brands.
Orchard Golf and Country Club, a premier development of Sta. Lucia Realty and Development Inc. (SLRDI), has been named one of the top golf courses in Asia during the 6th Asia Pacific Golf Summit held recently at the Empire Hotel and Country Club in Brunei Darussalam.
It’s getting tougher for Asia-Pacific employers to attract and retain quality talent to boost global competitiveness, but Philippine companies are better off in this area than their regional peers, based on a research of global professional services firm Towers Watson.
Publicly listed PhilWeb Corp. reported a robust increase in earnings for the first nine months of 2012 due to what it said were strong results from its e-Games cafes nationwide.
United Airlines, the world’s largest carrier, eyes the aggressive expansion of its network in the fast-growing Asia-Pacific region amid slowing demand for air travel in Europe due to the continent’s economic woes.
International postal and logistics leader Deutsche Post DHL is banking on developing economies in the Asia-Pacific region—with its multihub strategy centered on China—to fuel the growth of its three business divisions: DHL Express, DHL Supply Chain and DHL Global Forwarding.
Publicly listed PhilWeb Corp. reported a sharp rise in its earnings for the first half of the year, boosted by revenues from its gaming operations in the Asia-Pacific.
A new Climate Technology Network and Finance Center is now being set up in Manila and Bangkok to help finance and boost investments in “clean” technologies that will not only cut energy use in the Asia-Pacific region, but also reduce greenhouse gas emissions and minimize the adverse effects of climate change.
