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Opinion

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.

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