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Doing Business in the Philippines

This is your chance to meet senior representatives from the British Chamber of Commerce in the Philippines to discuss the export opportunities for your business, coupled with practical advice on how to enter the market.

Speaker:

Christopher J. Nelson, Director of the Bank and a member of the Board of PNB Holdings Corporation and PNB Global Remittance and Financial Co. (HK) Ltd. He will share a market overview, opportunities, strengths, and cultural tips for doing business in the Philippines.

Market Overview

The Philippines is one of the fastest growing economies in the world with a GDP growth of 6.9% (Q1/2016) and a remarkably positive GDP growth trajectory over a decade, which is projected to increase 8.8% by 2018. It is the second largest market in ASEAN with 103 million people. Main engines of growth are services sectors (i.e. real estate, manufacturing and tourism) and the substantial forex earnings from Filipino expats amounting to US$26b annually.

Opportunities

Strategically located in Southeast Asia, the Philippines is an ideal market for doing business particularly for companies that are looking to set up a regional operation. A huge opportunity lies with the infrastructure/ construction sector as the government revitalizes its projects through the public-private partnership (PPP). UK Companies are encouraged to take advantage of the Philippines opportunities in other strong sectors such as construction/ real estate, information and communication technology, food and beverage, business process outsourcing, pharmaceutical and energy.

Strengths

The Philippines takes pride for its competitive wages and highly trainable, educated and English-proficient workforce, which heightens the ease of doing business. 
 It has a very strong domestic consumption driven by overseas remittances (over $24B, 5.9% growth for 2014) and growing middle with strong appetite for imported brands. The government has positive attitude on foreign investment/ importation. Services sector remains the main engine of economic growth catering to international companies through its young and dynamic human capital.

Cultural tips

• Filipinos are highly personalised and relational. Face-to-face business transactions are encouraged and credible local partners ideally mediate market introductions

• Locals are polite, indirect and observe courtesy particularly in addressing business persons/ decision makers by using titles like attorney, architect, secretary, etc.

• Traffic tend to be heavy especially during peak hours. It is best to leave early for business meetings.

This is your chance to meet senior representatives from the British Chamber of Commerce in the Philippines to discuss the export opportunities for your business, coupled with practical advice on how to enter the market.

To book you place click here

Event:
Doing Business in the Philippines
Venue:
Park Inn
Address:
Decoy Bank South
White Rose Way
Doncaster
DN4 5PD
Date:
15/09/2016
Start Time:
07:30
End Time:
11:30
Last Updated: 18/08/2016
Author: Renate Halton

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