The Philippines Ranked #1 Best Country to Invest In
The U.S. News & World Report released their annual “Best of” Rankings and named the Philippines as the #1 “Best Country to Invest In.” 80 countries made the list, and the scores were calculated by “more than 6,000 business decision makers on a compilation of eight equally weighted country attributes: corruption, dynamism, economic stability, entrepreneurship, favorable tax environment, innovation, skilled labor force, and technological expertise.”
The Philippines’ highly-skilled labor force was cited as a main factor in determining value to foreign investors. The Technical Education and Skills Development Authority (TESDA) agency is responsible for training Filipinos for skilled labor including a Language Skills Institute (LSI) that has programs for caregivers, nurses, and other skilled positions that seek international jobs.
TESDA Director General, Sec. Guiling A. Mamondiong, stated that the reports are “an inspiration and an honor for the agency because these reflect the government’s and the country’s efforts to prepare the Filipino workforce and giving them the necessary in-demand skills for employment here and abroad.”
The United Nations Conference on Trade and Development (UNCTAD) also released a report on the rankings that stated foreign direct investments (FDIs) increased significantly in 2017 in the Philippines. This helped further secure the Philippines as the #1 country.
Shearwater Health is already investing in more expansion in the Philippines in the second half of 2018. Shearwater believes that the surplus of Philippine Registered Nurses is the key to meeting the U.S. Nursing Shortage, because of the high clinical quality and proficient English skills.