In a text message to reporters Monday, Finance Secretary Carlos G. Dominguez III noted of best young companies to invest in report published on the website Business Insider, which cited a ranking released by US News in February placing the Philippines on the no. 6,000 business decision makers on a compilation of eight equally weighted country attributes: corruption, dynamism, economic stability, entrepreneurship, favorable tax environment, innovation, skilled labor force, and technological expertise.

US News said, citing the UN Conference on Trade and Development’s World Investment Report 2017. This may continue to strengthen these countries’ positions in regional production networks. Unctad said, citing a report of the Board of Investments. FDI from within the region from powerhouses like China that are looking to utilize available labor in developing nations. Dominguez attributed the Philippines’ top ranking to the following: young and hardworking workforce, an excellent inclusive growth momentum, an expanding middle class, politically stable environment, strong and popular leadership, fiscal discipline, stable monetary policy, membership in Asean, an achievable infrastructure program, a strong anti-corruption drive, and improved revenue collection. Ranked second was Indonesia, followed by Poland, Malaysia and Singapore in the top five. R’s brand strategy arm BAV Group as well as the University of Pennsylvania’s Wharton School.

The report was based on a study that polled over 21,000 people worldwide who assessed perceptions on 80 nations across 75 metrics, US News said. Don’t miss out on the latest news and information. For feedback, complaints, or inquiries, contact us. Disclaimer: Comments do not represent the views of INQUIRER.

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