The Philippines is located in the Western Pacific Ocean. It is comprised of more than 7,000 islands, though the majority of its rapidly expanding population lives on only eleven of them. Most of the country’s landscape is mountainous, and many areas are vulnerable to earthquakes and eruptions from the more than twenty 20 active volcanoes. The islands are also often assaulted by typhoons and other violent storms.

The Philippines remained a Spanish colony for over three hundred years and received its current name in 1543 in honor of King Philip II of Spain. The country was adopted by the United States in the early 20th century. Both Spanish and U.S. influences remain strong, and this can be seen in the country’s language, government, and religion. The Philippines gained full independence in 1946 and implements a U.S. style constitution.

The Economy of the Philippines

The Philippines has the 10th fastest growing economy in the world. It is considered to be a newly industrialized country which has gradually transitioned from agriculture to manufacturing and services. As such, the Philippines has benefitted from a stable economic environment, low rate of inflation, and a low debt to GDP ratio.

The Philippines is a major player in the shipbuilding industry and has shipyards in Batangas, Cebu, General Santos City, and Subic. By 2010 it had established itself as the 4th largest shipbuilding nation in the world. The Philippines also plays an impressive role in the automotive industry, due to its production of ABS used in Volvo, BMW, and Mercedes-Benz cars. The car manufacturers Honda, Mitsubishi, Nissan, Toyota, and Ford also have facilities in the Philippines. The city of Baguio has been home to a Texas Instruments plant for the past 20 years. This plant is the world’s largest producer of DSP chips (used in cell phones). The Philippines is rich in geothermal energy resources and minerals including nickel, copper, gold, silica, and natural gas. By 2008, the country had surpassed India as the world leader in business process outsourcing. Call centers, which were originally established to provide email response and management services are now a chief source of employment.

The Philippines’ main exports include electronic products, semiconductors, copper products, transport equipment, petroleum products, garments, fruits, and coconut oil. As well as the United States, the Philippines’ major trading partners include China, Japan, South Korea, Netherlands, Germany, and Taiwan. In spite of the country’s rapid economic growth, some problems remain. These include broad divides of income between the country’s different regions, relatively high levels of corruption, and the need for greater investment in an infrastructure vital to guarantee future growth.

Doing Business in the Philippines

Now is a good time to expand your business to the Philippines because its economy is tipped as one of the most promising in the world. What’s more, you don’t have to face the challenges of applying for permits, finding investors, and registering property. You can start trading throughout the Philippines today, no matter where your business is located. All you need are Philippines international virtual phone numbers. Virtual phone numbers have never been more popular. This is because they make it so easy for business owners to expand their offshore operations affordably and efficiently. It’s time to start thinking about using Philippines international virtual phone numbers to grow your business in this up-and-coming country.

Why Choose Global Call Forwarding for Philippines International Virtual Phone Numbers?

When you’re ready to expand your enterprise with Philippines international virtual phone numbers, you need to find a company you can trust; one that is reliable and will offer you support when you need it. Global Call Forwarding doesn’t only offer Philippines international virtual phone numbers. We also host a range of optional features designed to facilitate international calling while making it easy for your overseas clients to connect with you. Our additional services include black and white lists, SMS forwarding, customized greetings, local ringback tones, voice mail, and forward fax.

Philippines international virtual phone numbers are used to redirect calls made in the Philippines to your office number, cell phone or landline. Your clients can simply call the Philippines international virtual phone numbers and they work just like local numbers. The Philippine locals will never know they’re not calling a regular local number, so they will always feel comfortable making that call. In addition, when they use Philippines international virtual phone numbers, they will only get charged for a local call. The result is a positive scenario for all parties involved.

Philippines international virtual phone numbers can be useful for you even if you’re not a business owner. If you have friends or family living in that country and you want to stay in touch, a virtual phone number offers a convenient and inexpensive way to do so.

Get in touch with Global Call Forwarding now. We are always here to answer your questions, and we can set you up with a free trial, so you can start using Philippines international virtual phone numbers today.