The Philippines suffered a setback in the competitiveness rankings, dropping four notches to rank 42nd in the 2014 World Competitiveness Yearbook (WCY), despite the overall optimism in the country’s strong economic growth and perceived improvements in the business environment and governance.
Boracay Island is among the 20 most popular destinations for Chinese travelers, the world’s largest tourism spender, based on data from travel site TripAdvisor.
Tycoon Henry Sy’s SM Department Stores and Hypermarkets have been ranked the third-best retail brand in Southeast Asia, according to Interbrand, the world’s largest brand consultancy firm.
There are now fewer women lording over the boardrooms in the country than there were last year, according to a research paper from the Grant Thornton International Business Report (IBR).
Metro Manila climbed up a notch on a list of the world’s top outsourcing hubs in 2012, ranking just behind India’s Bangalore and Mumbai.
