US managers asking to move to Manila more than doubles in 2 yrs as 5.9% Q2 GDP announced

Rappler.com

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The Philippines became Asia’s new bright spot this year as it posted a 6.3% growth rate in the first quarter, the fastest in Southeast Asia and second only to powerhouse China in Asia.  On Thursday, the Philippines announces better than expected second quarter growth rate of 5.9%, although it drops to second place to Indonesia.  Also on Thursday, the 2012/2013 ASEAN Business Outlook is scheduled to be released at the sidelines of an ASEAN meeting in Cambodia.  It shows growth in Southeast Asia is translating into “more profit, more investment and more expansion by US companies.” Two years ago, less than 30% of the executives surveyed said they had requests from employees who wanted to transfer to the region. This year, that number grew to more than 50%.  The numbers are higher in the Philippines, where two years ago only 15% said they were getting transfer requests.  This year, that number grew to 40%. 

Read more about Thursday’s announcement of Q2 growth rate on Rappler  and about the survey for Southeast Asia postings on the Wall Street Journal.  

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