Investment immigration to the Philippines focus on Philippine economic news: A recent report released by International Enterprise Singapore states that infrastructure, energy, and consumer goods will become the main areas for the Philippines to attract investors.
The report points out that due to factors such as accelerated urbanization and rising per capita income, the Philippine government plans to increase the ratio of infrastructure and public spending to GDP from the current 2.8% to 5% by 2016, with such expenditures reaching $110 billion by 2020. Currently, the Philippine government has approved $17 billion in large-scale Public-Private Partnership (PPP) infrastructure projects, and at least 15 PPP projects worth $5.2 billion will be launched during the current administration's term (ending June 2016). Another potential area for the Philippines to attract foreign investment is energy projects, particularly wind energy, solar energy, and water supply projects. It is reported that Manila currently faces a daily water shortage of 400,000 cubic meters.
In addition, the Philippines has a massive consumer market, with growing consumption in retail sectors such as food, clothing, and footwear. According to statistics, consumer spending in the Philippines accounts for 74% of its GDP, making it one of the highest in Southeast Asia. In 2012, Philippine consumer spending was $186 billion, and it is projected to grow at an average annual rate of 5.4% from 2013—2030.
