Other Briefings
Positive Economic Outlook for the Philippines as Exports and Imports See Strong Growth
The Philippines’ exports grew by 9.3 percent year-on-year to US$4.38 billion in January 2014, according to the latest figures released by the National Economic and Development Authority.
Philippines Tax Department Considers Lowering Taxes
The Philippines’ Bureau of Internal Revenue (BIR) Commissioner, Kim Henares, explained in an interview with ABS-CBN News Channel last Thursday that the BIR is considering draft proposals that will lower personal income taxes by 2015.
Thailand’s Political Crisis Makes Indonesia and the Philippines More Attractive for Foreign Investors
The protracted political crisis in Thailand has understandably unnerved foreign investors, who see no end in sight for the political stalemate. Meanwhile, Indonesia and the Philippines have become very attractive alternatives for investors considering pulling their investments out of Thailand.
Indonesia & Philippines Settle Maritime Boundaries, Look To Increase Trade
The Philippines and Indonesia are to sign a maritime boundary treaty after agreements to do so were reached at a meeting of the two countries’ Foreign Ministers in Jakarta yesterday.
Philippines Poised for Foreign Investment Sweet Spot
The Philippines is set to be the new darling of emerging Asia as its national demographics, partnered with a liberal government reform policy, is beginning to attract a new wave of foreign investors.
IMF Boosts Philippines Expected Growth to 6.3 Percent
The International Monetary Fund (IMF) has raised this year’s growth forecast for the Philippines to 6.3 percent, up from a previous estimate of 6 percent. The upgrade is based partly on a slightly more optimistic outlook of advanced economies, and partly on the on-going reconstruction work that will be required as a result of the […]
Myanmar and the Philippines Sign Several Trade and Investment Agreements
Dec. 9 – Myanmar and the Philippines strengthened business and trade relations this month with the signing of several memorandums of understanding (MoUs) designed to foster greater economic cooperation between the two nations. In total, six agreements were reached during President Thein Sein’s visit to the Philippines last week, ranging from renewable energy initiatives to […]
Work Visa Procedures in the Philippines
The Philippines’ Bureau of Immigration is responsible for processing and issuing visa requests in the country. For foreigners seeking employment in the Philippines, there are eligible non-immigrant visa types for short-term business, pre-arranged employment and for foreign treaty traders or foreign investors.
Moody’s Upgrades Philippines Rating
Oct. 4 – The Philippines has been upgraded by Moody’s to an investment rank of Baa3, citing “robust economic performance”, “ongoing fiscal and debt consolidation” and “political stability and improved governance.” Both Fitch Ratings and Standard & Poors have also upgraded the Philippines’ ranking. The Philippines’ economy has grown at 7.5 percent this year, one […]
Philippines President Cancels China-ASEAN Trade Fair Visit
Pressure from Beijing over United Nations legal action causes rift amid “concerns for safety” at Nanning Expo Sept. 3 – The Philippines’ President Benigno Aquino has cancelled a visit to the China-ASEAN Expo in Nanning after Chinese officials demanded he first withdraw a legal complaint over the South China Sea the Philippines has lodged with […]
