Bits and Snippets of the Philippines

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Posts Tagged ‘healthcare

U.S. Interested in Philippine Due to Its Economic Growth

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Philippine President Benigno Aquino III gestures while talking to visiting U.S. Secretary of Commerce Penny Pritzker during her visit to the presidential palace in Manila on June 4. –Reuters

U.S. Commerce Secretary Penny Pritzker told the Wall Street Journal that the United States is very much interested in expanding its economic footprint in the Philippines beside militarily.

The lift-off of the Philippine economy has clearly piqued American interest, with the Philippines’ gross domestic product – hitting $250 billion in 2012 – set to top $1 trillion by 2030, the Wall Street Journal wrote.

“We see that there’s a plethora of sectors where U.S. businesses could be more active here in the Philippines,” Ms. Pritzker told The Wall Street Journal, listing infrastructure, telecoms and healthcare as areas in which American businesses could thrive.

Read more at The Wall Street Journal Blogs.

Photo from source.

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Philippines IT Market Forecasted to Grow

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The Philippine information technology (IT) market is forecasted to grow by around 9.6% in 2013 to a value of 162.8 billion Pesos according to Fast Market Research, an online aggregator and distributor of market research and business information.

Growth will be supported by the proliferation of PC ownership as high specification but affordable devices become more available. Other contributory factors for growth include the outsourcing industry, cloud computing uptake by government and SMEs and investment in IT in the education and healthcare sectors.

Read more at SBWire.

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