"Mabuhay!" As the locals will greet you, it means "Welcome". Philippines constitutes of 7,107 islands located in the western Pacific Ocean. Since Philippines emerged from a former colony of Spain and the United States, there are over 96.0 million Filipinos with 2.36% growth annually that brings its population to rank the world’s 12th most populous country in the world.
Philippines recorded a firm economic growth GNP at 6.2% while GDP recorded 3.8% growth for 2008. Industry sector remains pre-dominantly strong with a contribution both construction (7.8%) and energy (7.3%) against GNP while Service sector focusing on Oil Dwelling and Real Estate remains fundamentally strong which contributes 5.7%.
Furthermore, Philippines will enjoy a positive economy with its energy reforms by the government which are expected to lead a stronger investment climate and raise investor confidence that will lead to more capital inflow.Goldman Sachs investment bank has identified that
Philippines is one of the “Next Eleven” economies or N-11 that will contribute to the industry and services sector such as tourism, business process outsourcing, real estates and energy services in the coming years.
Currently, we have 16 members practicing in Philippines, comprising of 92% Quantity Surveyors and 8% Valuers.
For general enquiry, please contact:
RICS Asia
t: (852) 2537 7117
e: ricsasia@rics.org
BCIS
