The Philippines is working to move up the global value chains, thereby presenting foreign investors with newfound opportunities.
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The Philippines uses a self-assessment tax system, and the accounting period consists of 12 months, normally ending on December 31.
The Philippines has issued the implementing rules for the Public Service Act which allows for 100 percent foreign ownership of public services.
ASEAN Briefing outlines the Philippines’ public holidays for 2023. This is a comprehensive list of those holidays.
Having ratified the RCEP agreement in February, we discuss prospects in key growth sectors in the Philippines – agriculture, BPO, and electronics.
The Philippines has fully opened its renewable energy sector to foreign ownership.
The Philippines imposes a territorial tax system, meaning only Philippine-sourced income is subject to taxes.
The Philippines government wants to establish a sovereign wealth fund to spur infrastructure development but there are worries over diverting resources and transparency of the fund.
President Ferdinand Marcos Jr is preparing to sign an executive order to create a ‘green lane’ for strategic investments into the country. Licenses and permits could be processed more efficiently under the scheme.