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The Philippines: Market Profile

8 April 2019

The Philippines has one of the most dynamic economies in the East Asia and the Pacific region. The Philippines' economic dynamism is rooted in strong consumer demand supported by improving real income...Read More


PHILIPPINES: Importers Now Subject to Post-Clearance Customs Audit

29 Jan 2019

Importers may now be liable to a separate audit after their goods have been cleared by the Bureau of Customs (BOC). Any such importer will also be obliged to provide BOC officials with all relevant im...Read More


PHILIPPINES: Businesses Exporting to EU Granted Right to Self-Issue Certificates of Origin

15 Jan 2019

Companies exporting from the Philippines to the European Union (EU) under the terms of the Generalised System of Preferences (GSP) programme can now self-issue the required Certificates of Origin (COO...Read More


PHILIPPINES: All VAT Refunds to Be Processed and Paid Within 90 Days

14 Jan 2019

The Bureau of Internal Revenue is now obliged to process and pay all business-related VAT refunds within 90 days of any initial claim....Read More


Asian Content Goes Global While Pay TV Seeks Out New Business Model

10 Jan 2019

With Asia-sourced video content suddenly surging and winning over English-language viewers, the only cloud on the horizon at the Asia Television Forum was the fact that young audiences are proving hig...Read More


Thawing China-Philippines Ties Fuels Power Generation Imports

14 Dec 2018

With businesses across the Philippines on an avowed mission to build, build, build, Chinese companies have been swift to see the emerging possibility of ramping up exports of mainland-sourced manufact...Read More


PHILIPPINES: Corporation Code Amended in Bid to Boost Global Business Ranking

7 Dec 2018

As part of a series of changes intended to boost the country’s rankings on the World Bank’s Ease of Doing Business Index, a limited company will be able to establish by just one person, as opposed to ...Read More


PHILIPPINES: One-Off Personal and Corporate Tax Amnesty Set for Roll-Out

27 Nov 2018

Tax-defaulting individuals and businesses are set to be offered an one-off amnesty at the end of the year, allowing them to settle any outstanding deficits from 2017 (or from any year prior) at a redu...Read More


PHILIPPINES: Daily Minimum Wage Raised to US$10 in Metro Manila

16 Nov 2018

The daily minimum wage for non-agricultural workers in the Metro Manila region is to increase from P512 (US$9.5) to P537 (US$10) by the end of this month....Read More


PHILIPPINES: Financial and Education Sector Opened Up to 100% Overseas Investment

8 Nov 2018

Following a review of the country’s Foreign Investment Negative List (FINL), businesses in a number of additional sectors have been cleared to be 100% overseas-owned, including higher education (with ...Read More


BRI Funding Sees China and the Philippines Commit to Building Bridges

2 Nov 2018

Bridge-building initiative helps Beijing and Manila get over the troubled waters of the South China Sea dispute....Read More


Filipino Film Industry Ponders Funding Problems and Cinema Shortfall

24 Sept 2018

Despite making more films than almost any other Southeast Asian nation, the Philippines' movie industry is suffering from dwindling domestic audiences and poor global sales. Can a new government initi...Read More


Philippines' Hunger for Foreign Food Sees Global Players Set to Serve

11 Sept 2018

With a huge population, a rapidly expanding economy and a distinct willingness to try non-local foods, the Philippines is proving an irresistible market for culinary suppliers and food-equipment manuf...Read More


PHILIPPINES: Tagbilaran Launches Online Tax and Business Permit Payment System

29 Aug 2018

The Tagibilaran local government has launched a new online facility for the payment of business permit fees and taxes....Read More


PHILIPPINES: Zero Levies Re-instated for Approved FDI Imports

20 July 2018

FDI-backed businesses can once again import certain approved capital goods on a duty-free basis. The move sees the revival of an incentive scheme that originally expired in May this year, with eligibl...Read More


PHILIPPINES: High-Sugar Content Drinks to Carry Mandatory Health Warnings

25 June 2018

The potential health risks of sugar-sweetened/energy drinks are to be highlighted on all relevant product labelling....Read More


PHILIPPINES: Tardy Civil Servants Face Prosecution for Delayed Business Licence Approval

1 June 2018

Government officials who fail to process business licence and permit applications within a specified timeframe may find themselves liable for prosecution under the terms of the recently-enacted Ease o...Read More


Surge in Funding Boosts Philippines' Educational High-Tech Take-Up

16 May 2018

With 2017 alone seeing educational institutes across the Philippines enjoying a 25% increase in government funding, many of the country's schools and colleges are in the midst of an unprecedented and ...Read More


BRI Backing Floods in to Boost Philippines' Water-Management Projects

10 May 2018

With Beijing-Manila ties at their most cordial, the Belt and Road Initiative is helping cement the countries' partnership....Read More


The Hong Kong-ASEAN Free Trade Agreement: Capitalising on the New Opportunities

23 April 2018

The newly signed FTA and Investment Agreement between Hong Kong and ASEAN will open up new business opportunities for Hong Kong. This, together with the full investment protection offered to Hong Kong...Read More

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