The results of HSBC’s Global Connections Survey showed that the Philippines is a key target of foreign businesses seeking to enter and expand in Southeast Asian markets.
“We are on fertile ground and as excited as our clients about the growth prospects of the Philippines and in Southeast Asia and focused on connecting local and international businesses in this dynamic region to opportunities across the globe,” Uppal said. According to HSBC, the Philippines appeals to international businesses on both the supply and demand side with its young, English-speaking workforce as well as a growing consumer sector.
Chinese and US companies, meanwhile, are especially interested in the ability to test new products, as highlighted by 33 percent of each group.
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