They also need to improve their judicial system. Contracts in Filipino culture mean jack sh*t. Fighting a corrupt a-hole in the Philippines who screwed you over can take decades to get through the courts and victims of any type of crime can become a victim again to the court's corruption quite easily. There are also very few sectors where a foreigner can own a controlling share in their investment. The Philippines is NOT, and likely never will be, the #1 country in the world to invest in.
Best Posts in Thread: Philippines: #1 Best Country To Invest In
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kiwidude DI Junior Member Veteran Army
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Brian Oinks That's Mr. Pig to you Boy! :) Highly Rated Poster
Until the Philippines opens up equal opportunity for foreigners, (especially those who make the effort to settle here and become fulltime Residents of this country) like the US and Australia, where Filipino's can go to and freely invest in Land, Housing and Businesses (without the need to be a Citizen of those two countries) then I feel that the Philippines is very one sided and for the most; therefore is not a great place to invest.
I am only investing here for my Wife and Daughter to benefit from, and fully realise that as a foreigner, I will have next to zero rights here as an investor to this country, and will most likely see a likewise return on my efforts as such. I seriously doubt that the many who would plan to invest money here, to actually make money from their ventures, will see it as I do, so will go elsewhere, like the US or Australia for instance, where they can invest and actually see return on their investments.
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Mom Miriam DI Member
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In this year's Best Countries Overall ranking, the Philippines has slid down from #43 in 2017 to #49. See https://www.usnews.com/news/best-countries/overall-full-list. Yet, unexpectedly, it has been subranked #1 as “Best Country to Invest In” by the US News & World Report for Best Countries. See https://www.usnews.com/news/best-countries/invest-in-full-list In terms of other indicators, this is how the Philippines is subranked:
1. #16 in list of Best Countries for Adventure;
2. #27 in list of Best Countries for Comfortable Retirement at https://www.usnews.com/news/best-countries/comfortable-retirement-full-list
3. #34 list of Best Countries for Movers;
4. #34 in list of Best Countries Open for Business;
5. #35 in list of Best Countries for Power;
6. #37 in list of Best Countries for Quality of life at https://www.usnews.com/news/best-countries/quality-of-life-full-list
7. #41 in list of Best Countries for Cultural Influence;
8. #45 in list of Best Countries for Entrepreneurship;
9. #47 in list of Best Countriees for Heritage;
10. #55 in list of Best Countries for Citizenship; and
11. #55 in list of Best Countries for Education at https://www.usnews.com/news/best-countries/education-full-list
All country subrankings are summarized by indicators at https://media.beam.usnews.com/ce/e7...1110-best-countries-overall-rankings-2018.pdf
Best Countries is a project study for ranking countries according to global perception whereby 80 countries are "evaluated across 24 rankings drawn from a survey of more than 21,000 global citizens, measuring 75 dimensions that have the potential to drive trade, travel and investment and directly affect national economies."-
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Last edited: Mar 6, 2018