The Philippines Excellent for International Investors

[MikeLigalig.com]

The Philippines ranked 9th among key emerging markets for global investors in 2009, jumping 14 spots from 23rd place the previous year, according to new research published by UK Trade & Investment.

"The global recession was a wake-up call for companies to diversify their export base and seek out new opportunities in the emerging world. We are encouraging UK business to look to the Philippines and find new business in this exciting new market," British Ambassador to the Philippines Stephen Lillie said in a statement released to media outfits.

According to an embassy brief, the United Kingdom is the top net foreign direct investor in the Philippines, investing $298.17 million last year. There are currently around 200 British companies active in the Philippines, ranging from big multinationals to small and medium enterprises (SMEs).

source: Philippine Daily Inquirer