DUTERTE ‘WILL HELP PHILIP­PINES PROS­PER’

New sur­vey finds Filipino ex­pats are full of con­fi­dence

7 Days in Dubai - - FRONT PAGE - Busi­ness@7days.ae

A huge 97 per cent of Filipinos quizzed in a new sur­vey said they were op­ti­mistic that the qual­ity of life in their home coun­try is go­ing to im­prove.

The find­ings of the sur­vey, which was con­ducted by New Per­spec­tive Me­dia, or­gan­is­ers of the an­nual Philip­pine Prop­erty and In­vest­ment Ex­hi­bi­tion, come just days af­ter a spe­cial re­port by 7DAYS re­vealed that the ma­jor­ity of Filipinos in the UAE feel new pres­i­dent Ro­drigo Duterte is do­ing a good job.

The Philip­pines was the sec­ond fastest-grow­ing econ­omy in Asia in the sec­ond quar­ter of 2016, grow­ing by 7 per cent com­pared to the same pe­riod last year, fol­lowed by China (6.7 per cent) and Viet­nam (5.6 per cent). In­dia reg­is­tered the high­est growth at 7.1 per cent.

In the new sur­vey, 1,000 re­spon­dents were ques­tioned, with 90 per cent say­ing now is the best time to in­vest in Philip­pine prop­erty.

Prop­erty topped the list of pre­ferred in­vest­ments for 80 per cent of the re­spon­dents, while 20 per cent opted for the stock mar­ket, busi­ness star­tups, mu­tual fund, bonds and other in­vest­ments. Fur­ther, 97 per cent of re­spon­dents said they ex­pect the qual­ity of life in the Philip­pines to im­prove. Asked to de­scribe the in­vest­ment and busi­ness en­vi­ron­ment in the Philip­pines, 93 per cent said the sit­u­a­tion is im­prov­ing, two per cent said it is de­te­ri­o­rat­ing; and five per cent said they do not see any change. Karen Remo, Man­ag­ing Di­rec­tor of New Per­spec­tive Me­dia, said: “A vast ma­jor­ity of the Filipinos in the UAE are con­fi­dent in the im­prov­ing in­vest­ment sce­nario in the Philip­pines.

“This is an af­fir­ma­tive boost to the new ad­min­is­tra­tion of the Philip­pines as the econ­omy’s growth reg­is­ters stel­lar per­for­mance in re­cent months.

“Our sur­vey sup­ports the in­creas­ing ap­petite of the Filipinos and the in­ter­na­tional com­mu­nity to in­vest in real es­tate.

“This is in re­sponse to the pos­i­tive fore­casts of good in­vest­ment re­turns in the Philip­pines, which is now be­ing con­sid­ered the Asia’s ris­ing tiger.”

The Philip­pine Prop­erty and In­vest­ment Ex­hi­bi­tion will be held on Septem­ber 23 and 24 at the JW Mar­riott, Dubai.

AP­PROVAL: A re­port by 7DAYS (left) found broad sup­port for Ro­drigo Duterte among ex­pats

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