Singaporean Entrepreneurs

Treading just after Singapore (39) with a score of (46) is the Philippines for “investment risk”. (The lower the score the better). According to TPGI (The Pinnacle Group International), the markets of Europe are far riskier, even at its low levels right now because they haven’t quite bottomed out yet.

In direct contrast to the western countries, the Philippines shows low macroeconomic risk, high exports, high domestic sales and current account surplus, in large part due to continuing influx of funds from OCW’s (Overseas Contract Workers).

The Philippines has benefited greatly from the reforms implemented in the recent years, raising capitalisation, improving asset quality, enhancing risk management systems, and implementing international accounting standards. It still has a long way to go in observing good corporate governance but the directions the banks and major companies are taking is a breath of fresh air for a country known mainly for its corruption and inability to move forward after the Marcos years.