According to the World Bank’s latest edition of Global Economic Prospects, the Philippines is the world’s 10th fastest growing economy for 2017. Growth is projected to remain robust at 6.8 percent in 2017 and 6.9 percent in 2018. This growth is led by strong domestic demand, recovery in exports and implementation of planned infrastructure projects which spur additional business activities, create more jobs and increase household consumption and reduce poverty. http://boi.gov.ph/why-philippines/
The Philippines has emerged as among the world’s most promising destinations of foreign investments in the next three years, according to the United Nations Conference of Trade and Development (UNCTAD). Our country joined the top 15 destinations, placing 10th, which in the previous survey round ranked 11th. http://boi.gov.ph/why-philippines/
Local regulatory improvements mean studies can begin in as quickly as 60 days. Some sites can approve as quickly as 30 days.
Meanwhile, there are over 46 Ethics Review Boards (ERBs) in the country that can review and approve clinical trial protocols.