The Unexpected Asian Tiger: Philippine CEOs overwhelmingly positive about 2017

The Philippines continues to confound critics by solidifying its position as an emerging South-east Asian economy following decades of underperformance. In contrast to other “Asian tigers” like Thailand, Malaysia, South Korea, Singapore and Japan, the Philippines’ service sector has been the driving force behind high economic growth.

There are challenges ahead, however. The country needs to improve outdated infrastructure, lower the cost of electricity and expand its manufacturing sector.