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Philippines ‘best country to invest in’ — report

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Applicants at a job fair line up in front of a large banner bearing the Philippine flag in this 2009 file photo taken in Manila. — BW FILE PHOTO

The Philippines was named the top investment destination by a global research firm, noting that its young population will attract more firms looking for a good labor force.

The US News & World Report named the Philippines as the “Best Country to Invest In” for its 2018 Best Countries report.

“In contrast to declining inflows of foreign direct investment, or FDI, to Southeast Asia as a whole, the Philippines continued to perform well, according to United Nations data. In years to come, the country is expected to receive more FDI from within the region from powerhouses like China that are looking to utilize available labor in developing nations,” the US-based firm said in a report published online.

The 2018 Best Countries report and rankings are based on how global perceptions define countries in terms of a number of qualitative characteristics, impressions that have the potential to drive trade, travel and investment and directly affect national economies. The report covers perceptions of 80 nations. — Melissa Luz T. Lopez

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