The Philippines as a Market

Profile and facts and figures about the Philippines as a global market

The Philippines as a Market

The Philippines is located in Southeast Asia, around 800 kilometers from the Asia mainland. It is one of the largest archipelagos in the world, with over 7,100 islands and a total land area of approximately 300,000 square kilometers. The country is divided into three main geographic areas: Luzon, where Metro Manila is located, Visayas and Mindanao.

The Philippines has a tropical climate with three seasons: summer, or the hot dry season, from March to May, the rainy season from June to November, and the cool dry season from December to February. Temperatures usually range from 21°C to 32°C, with the yearly temperature averaging 26.6°C in Metro Manila. The driest month is February, with 13 mm average rainfall, while the wettest month is July, with 432 mm average rainfall.

The population of the Philippines in 2013 is estimated at 98.7 million. Outside Metro Manila, the most populous cities are Metro Cebu, Metro Davao, Zamboanga, Cagayan de Oro and General Santos.

Filipino is constitutionally designated as the national language of the Philippines and, along with English, as one of two official languages. Many other languages and dialects are spoken all over the country.

Philippine Peso (PHP); PHP1 = 100 centavos The average exchange rate between January and April 2016 was PHP46.09:USD1

8 hours ahead of Greenwich Mean Time (GMT)

Public holidays
New Year’s Day (January 1), Maundy Thursday and Good Friday (varies), Araw ng Kagitingan or Valor Day (April 9), Labor Day (May 1), Independence Day (June 12), Ninoy Aquino Day (August 21), National Heroes Day (August 27), All Saints Day, (November 1), Bonifacio Day (November 30), Eid ul-Adha (varies), Eid ul-Fitr (varies) Christmas Day (December 25), Rizal Day (December 30), Last Day of the Year (December 31).

Political structure
The Philippines has a presidential system of government, the president being limited to a single six-year term. Congress is modeled on the United States system and comprises two directly elected bodies: the Senate and the House of Representatives. The judicial power is vested in the Supreme Court which can rule on the constitutionality of government actions.

Foreign trade
The Philippines has opened its economy to foreign markets and established a network of free trade agreements with several countries. Its main merchandise exports are electronic products (primarily semiconductors), woodcraft and furniture, metal components, and apparel and clothing accessories. On the other hand, its main imports are electronic products, mineral fuels and lubricants, transport equipment, and industrial machinery and equipment. The country’s major trading partners are Japan, the United States, the People’s Republic of China and Singapore.

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Cebu Merchants Inc.

Talamban Road, Cebu City 6000 Philippines

Telephone: +63.915.945.4646

Email: [email protected]

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