Despite gloomy global trade forecasts, the Philippines’ strong macroeconomic fundamentals, competitive geographical and labour force advantages, and rising domestic consumption bode well for future trade and investment.
Worrying statements from President Duterte have caused some uncertainty among foreign investors, but far-reaching policy reforms – including corporate income tax reduction, loosening of foreign investment restrictions, and reduction of red tap and lengthy business registration processes – will help offset these concerns. Export growth may falter, but expected increases in foreign direct investment inflows should reverse the situation and the country is likely to meet its 2017 targets for investment.
Promises kept: President Rodrigo Duterte, on eradicating corruption and maintaining strong economic...
Working together: Le Luong Minh, Secretary-General, ASEAN, on plans to support and develop ASEAN...
Efficiency is key: Carlos G Dominguez III, Secretary, Department of Finance, on ensuring tax...
Sharing the load: Shinichi Kitaoka, President, Japan International Cooperation Agency (JICA), on...
Recipe for success: Bernie H Liu, Chairman and CEO, Golden ABC, on breaking into the ASEAN market
Mutual benefits: Helen Y Dee, Chairperson, RCBC, on trade partnerships and raising competitiveness
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