ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Duterte, the economy and the elusive Philippines unicorn

Entrepreneurs do not live by GDP growth alone, but by good business conditions

| Philippines
One reason Micab has capital from mostly local sources is limited ambition.

If you want to know how the Philippines is doing, you could pore over reams of data, charts and policy speeches. Or you could just follow the clues offered by ride-hailing app Micab.

Ride-hailing now dominates the business pages thanks to Lyft's initial public offering and Uber's to come. When Micab took to the road in 2012, it was with at the same time as Singapore's Grab, which has since come Southeast Asia's premier unicorn.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more