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Opportunities
The Philippines offers a wide range of business opportunities. These opportunities are highlighted in the Investment Priorities Plan (IPP). The IPP lists the priority economic activities
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The Philippines: At a Glance
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| OFFICIAL NAME |
REPUBLIC OF THE PHILIPPINES |
| AREA |
300,000 sq km (115, 830 sq miles) spread over 7,101 islands |
| POPULATION |
92.23 million (2009 census estimate) |
| CAPITAL |
Metropolitan Manila |
| LOCAL TIME |
GMT + 8 hours |
| PEOPLE |
Filipinos are predominantly of Malay descent, although many have mixed ancestry such as Chinese and Spanish |
| LANGUAGES |
Pilipino (derivative of Tagalog) and English are official languages, including some 150 more native languages, vernaculars, and dialects |
| PREVAILING RELIGIONS |
Roman Catholic (83%), Protestant Denominations (8%), Muslim (4.6%), Iglesia ni Cristo (2.3%) |
| ESTIMATED AVERAGE LIFE EXPECTANCY |
70 years for men and 74 years for women (UN, 2008) |
| MONETARY UNIT |
Philippine peso (with multi-currency acceptance for local transactions) |
| GOVERNMENT |
Presidential (executive) with Bicameral Congress and Independent Judiciary |
| HEAD OF STATE AND HEAD OF GOVERNMENT |
President (also Commander-in-Chief of Armed Forces) |
| MEMBERSHIP OF INTERNATIONAL GROUPINGS/ ORGANIZATIONS |
United Nations (UN), Association of Southeast Asian Nations (ASEAN), Asia-Pacific Economic Cooperation (APEC), Asian Development Bank (ADB), World Trade Organization (WTO), World Bank (WB), International Monetary Fund (IMF), International Atomic Energy Agency (IAEA), International Labor Organization (ILO), Inter- Parliamentary Union (IPU), with evolving diplomatic and economic engagements |
| GDP PER CAPITA (AT PPP) |
US$ 3,300 (CIA Fact Book 2009) |
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Other Related Links
List of Industry Profiles in the Philippines
Value Propositions
The Cost of Doing Business in the Philippines
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