About Philippines

The Philippines is the world’s 12th most populous country with a population of about 90 million people. Its national economy is the37th largest in the world with an estimated 2008 gross domestic product (GDP) of over US$327.2 billion (PPP). There are more than 11 million overseas Filipinos worldwide, about 11% of the total population of the Philippines.

Why invest in the PHILIPPINES?

Transportation, Communications, Foreign Exchange Rates and the PEOPLE are four great reasons.

   Exchange Rates: Philippines offers favorable exchange rates to foreign currencies. Being a country with import and export industries both goods and services, foreign exchange plays an important role in the whole economy of the country. One best reason why many foreigners choose Philippines as their retirement destination.

The people

Filipinos are warm and friendly people. They are family oriented where each member of the families are closely knit.  Their respect of their elders are something to admire. Each family members are treated with love and respect and are always willing to help each other. Very friendly and warm people and visitors are treated with utmost important. Filipino hospitality is unrivalled anywhere in the world.

Transportation

In spite of the difficult mountainous terrain, approximately 14 percent of the 158,810 km (98,110 mi) of roads in the Philippines are paved.Buses, jeepneys, taxis and motorcycles are readily available when getting around the major cities and towns. As of 2007, there are about 5.53 million registered motor vehicles in the country, and an average annual registration rate of 4.55%.

Philippine jeepney is one of the Philippines most popular transportation

Train service is provided by the Strong Republic Transit System, which unified the three main railway networks that service the different areas of Metro Manila and parts of Luzon namely, Manila Light Rail Transit System (LRT), the Manila Metro Rail Transit System (MRT) and the Philippine National Railways (PNR).

Philippine Airlines, the Philippines’ official Airline is also Asia’s first Airline.

 Seaports can be found throughout the islands. The busiest seaports are Manila, Cebu, Iloilo, Davao, Cagayan de Oro and Zamboanga, which are parts of the 3,219 km of waterways and seaports.Inter-island passenger ships and other sea vessels such as Superferry, Negros Navigation, and Sulpicio Lines serves Manila, with links to various cities and towns. In 2003, the 919-kilometer Strong Republic Nautical Highway (SRNH) was established, and this is an integrated set of highway segments and ferry routes covering 17 cities all over the country.

There are 262 airports in the country, 75 of which have unpaved runways.The Ninoy Aquino International Airport (NAIA) is the main airport of the country. Other important airports include the Diosdado Macapagal International Airport, Mactan-Cebu International Airport, and Francisco Bangoy International Airport. The Philippine Airlines, Asia’s first commercial airline, and Cebu Pacific, the country’s leading domestic carrier, are the major airlines serving most domestic and international destinations.

Communications

Filipinos speaks many different languages, but English and Tagalog are the official languages. Philippines is the 3rd largest English Speaking Nation in the world. 85% of its population speaks or understand  English.

  The Philippines has one of the most sophisticated cellphone markets in the world and one of the highest concentration of users. The telecommunications company is dominated by the Philippine Long Distance Telephone Company, which is also the largest company in the country. Globe Telecom and Smart Communications, on the other hand, are the two of its biggest mobile service providers.

The Philippines’ Agila 2, delivered on orbit in 1997, is the most powerful telecommunications satellite in service in the Asia-Pacific region.[73]

    There is an estimated 41 million cellphone users nationwide, that is why the Philippines is known as the "Texting Capital of the World",and the ownership rate is still climbing. Text messaging have fostered a culture of quick greetings and forwarded jokes among the Filipinos. Out of these growing number of avid texters, 5.5 million of them use their cellphones as virtual wallets, making the Philippines a leader among developing nations in providing financial transactions over mobile networks. In 2007, Filipinos sent an average of 1 billion SMS per day.^[

Usage of radio, television, and Internet in the Philippines is prevalent. As of 2007, there are approximately 381 AM and 628 FM stations, and 250 local and 1,501 cable TV stations broadcasting throughout the islands.The country has 14 million Internet users, or roughly 16% of the total population, being served by almost 100 Internet providers.

People, Foreign Exchange Rates,Communications and Transportation. 

Shouldn’t 4 great reasons enough to convince you?