GROWTH PROSPECTS

摘要

International and domestic cosmetics brands are capitalising on strong economic growth in the Philippines, which at 95 million has the 12th biggest population in the world. It is also among the next 11 economies highlighted by Goldman Sachs with a high potential of becoming, along with the BRICS, the world's largest economies this century. GDP growth was around 7% in 2012, and rising disposable incomes are driving strong demand for cosmetics among both male and female consumers.