Apparently, even U.S. business executives think it's more fun in the Philippines.
Expatriates currently working in the Philippines seem to be enjoying their stay here, results of the US Chamber of Commerce's latest Association of Southeast Asian Nations (ASEAN) Business Outlook Survey showed.
Surveyed American firms operating in the Philippines answered yes when asked: "Are your expatriate employees generally satisfied with their assignments in your response location?"
The 100-percent score is an increase from 93 percent in 2011 and 86 percent in 2010.
Other Southeast Asian countries also had generally high scores, with the regional average pegged at 96 percent. Aside from the Philippines, Malaysia also got a score of 100 percent in the said indicator.
A growing number of employees in American companies also want to be transferred to the Philippines.
Results of the survey showed that two out of five (40 percent) locally operating American firms said they regularly receive requests from employees based on other locations to work in the Philippines.
This is an increase from 21 percent in 2011 and 15 percent in 2010.
The Philippines got the third highest response in "expatriate assignment satisfaction" within the region, even as it remained below the regional average of 51 percent. It was topped only by Singapore, 75 percent and Malaysia, 40 percent.
More and more employees also want to stay in the Philippines longer, the survey showed further.
On Wednesday, G-7 foreign ministers issued a Declaration on Maritime Security expressing alarm over “unilateral actions, such as large scale land reclamation, which change the status quo and increase tensions” in the region. In their communiqué, which did not specifically mention China, the ministers expressed belief that reclamation activities were meant to “change the status quo” in the West Philippine Sea and South China Sea, through which 40 percent of global trade passes. …