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1.

PHILIPPINES: Crackdown Initiated Against Illicitly-Employed Temporary Staff

9 April 2018

In a bid to crack down on the illicit use of sub-contracted temporary staff, many businesses in the Philippines are to be subjected to on-site inspections by the Department of Labour and Employment....Read More

2.

PHILIPPINES: 100% FDI Set to be Permitted in Construction Sector

27 Feb 2018

Foreign direct investment (FDI) of up to 100% is set to be permitted in the country's construction sector for the first time. The change will be facilitated by an amendment to the Foreign Investment N...Read More

3.

PHILIPPINES: All Field Audits and Ongoing Tax Investigations Suspended

7 Feb 2018

All ongoing cases of tax investigation in the Philippines have now been suspended, with the Bureau of Internal Revenue (BIR) withdrawing all mission orders (MOs) issued to tax officials for conducting...Read More

4.

PHILIPPINES: One-Stop Five-Day Processing Introduced for Construction Permits

22 Jan 2018

Local government bodies across the country are now obliged to process construction permit applications relating to specified project types within five working days....Read More

5.

PHILIPPINES: FDI Incentives Set to Be Curtailed in Bid to Bankroll Corporate Tax Cuts

18 Jan 2018

The country’s corporate income tax (CIT) rate may be subject to a two-step reduction process under a proposal currently being considered by the Philippine government....Read More

6.

Philippines on Track for US$24 Billion BRI Rail Development Funding

10 Jan 2018

Thawing China-Philippines relations sees Beijing sign up as backer for country's ambitious infrastructure makeover....Read More

7.

PHILIPPINES: Personal Tax Allowances Increased in 2018 alongside New Product Levies

19 Dec 2017

People earning up to a maximum of P250,000 (US$4,934) per annum in the Philippines will be exempted from paying personal income tax (PIT) from 1 January 2018....Read More

8.

PHILIPPINES: New Portal Offers Online Business Verification and Streamlined Registration

11 Dec 2017

The recent launch of the publicly-accessible Philippines Business Data Bank (PBDB), an online register of the country’s formally-established businesses, allows an instant authentication – or not – of ...Read More

9.

ASEAN Consumer Survey: Hong Kong Awareness and Enjoyment

7 Dec 2017

The rise of middle income consumers in ASEAN countries keeps fueling growth of spending on many lifestyle products and services, including travel and leisure, healthcare and fashion. In the survey con...Read More

10.

ASEAN Consumer Survey: E-Commerce Potential

5 Dec 2017

The ASEAN region is often considered a potential next ‘gold rush’ for e-commerce thanks to a growing middle class and rising internet penetration. A survey by HKTDC Research revealed that the ‘path to...Read More

11.

ASEAN Consumer Survey: Consumer Preferences

30 Nov 2017

The rise of middle-income consumers continues to fuel sales growth of many products and services in ASEAN markets, including travel and leisure activities, as well as healthcare and fashion products. ...Read More

12.

PHILIPPINES: Overseas Investment Restrictions Set to be Eased in Regulatory Shake-up

28 Nov 2017

Expectations are high that a number of the current restrictions on overseas-sourced investment are set to be lifted. This speculation has been sparked by news that Rodrigo Duterte, the Philippine Pres...Read More

13.

ASEAN Consumer Survey: An Overview

28 Nov 2017

Hong Kong companies are increasingly eyeing the expanding middle class market in the ASEAN region in light of rising income and purchasing power. This fast-expanding middle class consumer market deman...Read More

14.

The Philippines: Market Profile

24 Nov 2017

The Philippine economy is expected to maintain strong growth of 6.6% in 2017, led by robust domestic demand and a recovery in exports. Philippine exports increased by 12.2% YOY to US$47.7 billion in t...Read More

15.

PHILIPPINES: 300 New SEZs Promised for 2018 Amid Concerns Over Official Delays

17 Nov 2017

Some 300 new Special Economic Zones (SEZs) are to be established during the course of 2018, according to the Philippine Economic Zone Authority (PEZA), including two large SEZs in the two provinces of...Read More

16.

The Middle Class Consumer Markets in ASEAN: Hong Kong Opportunities (Executive Summary)

14 Nov 2017

This report examines the consumer markets in five ASEAN countries – Malaysia, Thailand, Indonesia, the Philippines and Vietnam. It starts by providing an overview of ASEAN and findings of a survey of ...Read More

17.

PHILIPPINES: Foreign Exchange Procedures Set to be Streamlined by Year End

27 Oct 2017

Companies and banks will no longer need to register and seek official permission when conducting foreign exchange (forex) transactions. The change has been championed by the Bangko Sentral ng Pilipina...Read More

18.

The Philippines: Infrastructure Opportunities and Challenges

24 Oct 2017

The Philippine government has made infrastructure development a top priority under President Duterte’s Socio-economic Agenda. To realise the ambitious infrastructure plan, foreign involvement in terms...Read More

19.

PHILIPPINES: Overseas Capital Requirement Cut to US$200,000 for Retail Start-ups

11 Oct 2017

The minimum paid-up capital required for an overseas company to establish a retail business in the Philippines is to be lowered from US$2.5 million to US$200,000 under a proposed amendment to the coun...Read More

20.

Key Role for Hong Kong Service Sector in Huge Philippines BRI Project

4 Oct 2017

Hong Kong architecture firm provides ambitious blueprint for China-backed New Manila Bay – City of Pearl initiative....Read More

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