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Philippines Country Snapshot Country Snapshot Basic facts Population 86.97 million (2006 est.)* GDP PHP 1364.5 B (Q1 2006 est.)* Main languages Tagalog, English,
investments in information technology for reasons that many tourist entries are enjoyed by the country, while the number of retirees is expected to dramatically increase
GDP was increased most rapidly in 2006. Moreover, in terms of their trading partners, nearly every country has the trading partnership with US, Japan and China. However,
a huge swathe of south-East Asia. From the fleshpot beaches of Phuket in Thailand to the southern Philippines, the islands surrounding the Java Sea and even Papua
Source: Yahoo Finance Exhibit 4 - Global Presence through subsidiaries and affiliates Company Country Albee Dublin Finance Co Ireland Albee Holdings CA Venezuela
Submitted by tonyloveleah on March 27, 2008
Category: Biographies
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Country Snapshot
Basic facts
Population
86.97 million (2006 est.)*
GDP
PHP 1364.5 B
(Q1 2006 est.)*
Main languages
Tagalog, English, Spanish
GDP real growth rate
5.8%
(2006 est.)**
Currency
Philippine Peso (PHP)
Inflation
6.3%
(Aug 2006 est.)*
Economic communities
Asia Pacific Economic Co-operation, Association of South-East Asian Nations, World Trade Organization
*National Statistics Office (Philippines)
** Philippine Institute of Development Studies
Political environment
The Philippines is a pluralist democracy modeled on that of the US, with an executive presidency, a bicameral Congress and a Supreme Court that can rule on the constitutionality of government actions.
In 2001 Gloria Macapagal Arroyo, then vice-president, replaced the incumbent president, Joseph Estrada, in a civilian coup backed by the military. She was re-elected to a six-year term as president in May 2004 and she remains in office after an impeachment attempt failed in September 2005. The next elections are due in May 2007.
Foreign trade and investment
Exports
$4,050 billion (June 2006 est.)*
Imports
$4,534 billion (June 2006 est.)*
* National Statistics Office (Philippines)
Leading export markets: Japan (the largest), the United States, the Netherlands and the People’s Republic of China
Major exports: Electronic equipment, machinery and transport equipment, garments, optical instruments, coconut products, fruits and nuts, copper products and chemicals
Attracting foreign investment is a government priority. Incentives include income-tax...
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