MANILA, Philippines - The Philippines has been named among the world's top 20 emerging markets by Bloomberg Markets magazine.
The Philippines ranked 20 among markets that have been attracting a lot of investments.
The country on Thursday just reported its economy expanded by a faster-than-expected 6.6% in 2012, surpassing government targets and beating market expectations.
Bloomberg has reported the Philippines may very well be among the world's top 10 fastest-growing economies amid robust consumer spending.
The top 20 emerging markets were graded according to the ease of doing business, perceived level of corruption, and economic freedom, Bloomberg said.
Asian countries topped the list, followed by those from Latin America and Africa.
The complete list is as follows:
2. South Korea
5. Czech Republic
15. South Africa