(Eagle News)–The Philippines is the best country to invest in this 2018, a US News report said.
In coming up with the list, US News said it took into account a World Bank Group report that enumerated four factors that prompt individuals and corporations to invest in a country’s “natural resources, markets, technologies, or brands”—the country’s people, environment, relationships, and framework.
For the best countries to invest in ranking, US News said it focused on eight attributes: entrepreneurship, economic stability, favorable tax environment, innovation, skilled labor, technological expertise, dynamism, and corruption.
It said the list was then based on the responses from over 6,000 survey participants who act as “decision makers in business around the globe.”
In a text message, Finance Secretary Sonny Dominguez attributed the strong showing of the Philippines to the country’s strong macroeconomic fundamentals and plans to hike infrastructure spending.
Also included in the list were Indonesia (2nd), Poland (3), Malaysia (4), Singapore (5), Australia (6), Spain (7), Thailand (8), India (9), Oman (10), Czech Republic (11), Finland (12), Uruguay (13), Turkey (14), Ireland (15), Netherlands (16), United Kingdom (17), Brazil (18), France (19), and Chile (20).
