The Philippines is one of the fastest growing economies today. The country recently received two investment grade ratings in a span of a few months from Fitch Ratings and Standard & Poors. Investors see the sunny bright potential in the Philippines as a major MICE player in the region with new mega investments and infrastructure projects being injected into the economy valued at around US$703 M in 2011 for projects endorsed by the Philippine Department of Tourism alone.
Manila airport is being upgraded while the country modernised or constructed airports in Cebu, Clark, Davao, Puerta Princesa and Kalibo. An ambitious program of highways through Luzon translated to the operation of eight toll roads with the ambition of adding some 15,000 kms over the next 20 years. There are also plans to modernise port facilities, particularly in Manila, Cebu, Davao and Puerto Princesa.
Department of Tourism: www.itsmorefuninthephilippines.com
Manila Ninoy Aquino International Airport: www.manila-airport.net