Integral for companies doing business in the Philippines, corporate social responsibility (CSR) and engaging with local governments and communities are key for large investors operating in the country. Owing to the geographical make-up of the Philippines, legal and regulatory systems are largely decentralised, with local groups wielding substantial...
Although economic headwinds have thrown international markets off course, the Philippine economy has managed to stay on a relatively even keel. Local authorities note that while real GDP growth slowed in 2011 relative to 2010 due to weak external demand and government underspending, household consumption has continued to see strong growth due to a...
How has the business community reacted to the reforms enacted by the Aquino administration?
A 2010 World Bank report noted that “middle-income countries in East Asia will, on average, need to spend over 5% of GDP on infrastructure to meet their needs.” This fact has not gone unheeded by the government and the need to up spending on key infrastructure projects has been brought to the top of the priority list by economic planners. President...
The Philippines’ wealth of remittances from overseas Filipino workers (OFWs) allows for a steady inflow of cash ($20bn in 2011) and keeps local unemployment down. This is facilitated by a number of factors, including the deliberate choice of English as the medium of education and the government’s promotion and regulation of migration flows. However...
To what extent has the new administration changed the attitude of business leaders in the Philippines?
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