On Friday 18 November 2011, 8:26 SGT
As far as emerging markets go, the Philippines is seldom the choice investment destination, but one analyst says the Southeast Asian nation could well become the “dark horse” of the region, thanks to its favorable demographics and sound economic fundamentals.
The Philippine’s “very robust and young population” presents a ready pool of talent, says Mark Matthews, Head of Research Asia at Bank Julius Baer. He expects the country’s population of 93 million, around half of whom are below 20 years old, to more than double to 190 million by 2040.
With fertility rates declining in the West and in Asian countries like Japan, Korea and China, the Philippines will increasingly become an important source of immigrant labor, he added.