The Philippines is attracting the entire world with its endless business opportunities and landscapes
A huge market of +100 million of active consumers is available, and primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits.
Major trading partners include the United States, Japan, China, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan, and Thailand.
The Philippine economy has been transitioning from one based upon agriculture to an economy with more emphasis upon services and manufacturing.The economy is heavily reliant upon remittances from overseas Filipinos, which surpass foreign direct investment as a source of foreign currency.
Service industries such as tourism and business process outsourcing have been identified as areas with some of the best opportunities for growth for the country.
The transportation infrastructure in the Philippines is relatively underdeveloped. This is partly due to the mountainous terrain and the scattered geography of the islands, but also the result of consistently low investment in infrastructure by successive governments.
The Civil Aviation Authority of the Philippines manages airports and implementation of policies regarding safe air travel with 85 public airports operational as of 2014.
Rail transport in the Philippines only plays a role in transporting passengers within Metro Manila.
As an archipelago, inter-island travel using watercraft is often necessary. The Philippines has pursued efforts to improve the field of science and technology.
The Philippines has a sophisticated cellular phone industry and a high concentration of users.
The National Telecommunications Commission is the agency responsible for the supervision, adjudication and control over all telecommunications services throughout the country.
The travel and tourism sector is a major contributor to the economy. The country's rich biodiversity is one of the main tourist attractions with its beaches, mountains, rainforests, islands and diving spots among the most popular tourist destinations. As an archipelago consisting of about 7,500 islands, the Philippines has numerous beaches, caves and other rock formations.
Among the achievements of the government in the Philippines are a high access to an improved water source of 92% in 2010; the creation of financially sustainable water service providers.
The challenges include limited access to sanitation services, high pollution of water resources, often poor drinking water quality and poor service quality, a fragmentation of executive functions at the national level among numerous agencies, and a fragmentation of service provision at the local level into many small service providers.
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