The Philippines: Asia’s rising star

Once written off as a regional underperformer, investors are starting to take note of the country's impressive growth.

Investors are "kicking the tyres" of the Philippine economy, says Roberto Herrera-Lim of Eurasia Group. No wonder. Traditionally an underperformer, it seems to be getting its act together and is developing into an Asian "star", as Standard Chartered puts it.

The economy grew at an annual rate of 6.1% in the first half. It is one of the few countries whose 2013 growth forecast for next year has been raised by the Asian Development Bank to 5.5%. Stocks have hit a record high.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.