- Women of the Philippines were named as the most thriving entrepreneurs among women of 58 nations in the world
- According to the Mastercard Index of Women Entrepreneurs (MIWE) 2019, Filipinas are the most thriving entrepreneurs among 58 countries
- Filipino women are equally as likely as their male counterparts to pursue entrepreneurship, the report said
Filipinas emerged as the most thriving business leaders among women in the world.
Women of the Philippines were named as the most thriving entrepreneurs among women of 58 nations in the world, according to the Mastercard Index of Women Entrepreneurs (MIWE) 2019.
Filipinas were declared as rank 1 with a score of 65.7 in terms of “Women’s Advancement Outcomes,” a measure of women’s ability to thrive as business leaders, professional and technical workers, entrepreneurs, and labor force participants.
“Women in Asia Pacific continue to make strong strides with four markets assuming the top 10 positions,” MIWE said as Thailand is in rank 4, Vietnam at rank 7, while New Zealand made it to rank10.
Other countries in the top 10 were Colombia, Canada, Brazil, Nigeria, Poland, and United States.
“On a global scale, women in the Philippines are making astounding progress as business leaders, with more than half of business leaders and professional/technical workers being female (52.0% and 58.2%, respectively),” MIWE said in its report.
“Similar to their regional peers in Asia Pacific (Vietnam and Indonesia), Filipino women are equally as likely as their male counterparts to pursue entrepreneurship,” it added.
It was also cited in the report that the women in the Philippines, like in Indonesia and Vietnam, “are at par with men in entrepreneurship.” They are also more likely to borrow or save for business purposes, it added.