Promising Countries to invest in Southeast Asia
The newspaper from the United States “U.S News” published the ranking of the 2018 best countries last month. The survey of more than 21,000 people from 80 countries measured 65 different attributes to determine the quality of each country in different aspects. More specifically, they also measured the position of countries offering good investment opportunities this year. Where are these countries? There are various attributes among 65 attributes used by the United States.
News to find the country with the best investment prospects, namely entrepreneurship, economic stability, favorable tax environment, innovation, skilled workforce, technological know-how, dynamism and corruption. Holding 6,000 attendees who are decision makers in the global business world, U.S News has discovered a range of potential countries like the one below.
The Philippines
The Philippines is a country in Southeast Asia, west of the Pacific, with more than 7,000 islands. Manila, its capital, is famous for its oceanfront walks and centuries-old Chinatown, Binondo. Intramuros, heart of the old town, was a fortified town during colonial times. This neighborhood is home to the 17th-century Baroque Church of St. Augustine and Fort Santiago, a multi-storey military prison and citadel. With a total population of 103.3 million, the Philippines achieved a total GDP of $ 304.9 billion in 2016, with a growth rate of 6.9%. The enormous potential for economic growth makes the Philippines one of the countries with good investment prospects.
Indonesia
Indonesia, a Southeast Asian country made up of thousands of volcanic islands, is home to hundreds of ethnic groups speaking their own languages. It is known for its beaches, volcanoes, Komodo dragons, and jungles where elephants, orangutans, and tigers live. Since Indonesia is growing rapidly, along with the arrival of foreign investors owning companies in Indonesia, especially start-ups. With a total population of 261.1 million and a GDP growth rate of 5%, which is equivalent to $ 932.3 billion in 2016, Indonesia could become a big market.
Singapore
An island city-state off the coast of southern Malaysia. This global financial center is blessed with a tropical climate and a multicultural population. Its colonial heart is centered on the Padang, an 1830s locust land surrounded today by imposing buildings like the City Hall, adorned with 18 Corinthian columns. Singapore’s Chinatown, which dates back to around 1820, features the Red and Gold Temple of the Buddha Tooth Relic, which is believed to contain one of Buddha’s teeth. Singapore recorded a GDP growth of 2% or a total GDP of $ 297.0 billion in 2016. The Singapore government has succeeded in building a strong economy and education system, making this country a Lion an ideal land for business investment. These are the countries in Southeast Asia being deserved to invest.
