ASEAN Briefing News

The Philippines’ 2022 Strategic Investment Priority Plan


The Philippines has extended and expanded the tax incentives for a variety of industries under the 2022 Strategic Investment Priority Plan.

The Guide to Employment Permits for Foreign Workers in the Philippines


For expatriate workers and their employers in the Philippines, it is essential they understand the process of obtaining a work visa and employment permit.

Philippines and South Korea to Sign Free Trade Agreement


The Philippines and South Korea are set to sign a free trade agreement which removes tariffs on most products aims to boost bilateral trade.

New Requirements for MSME Franchise Holders in the Philippines


The Philippines issued executive order 169 to promote a more equitable and business-friendly environment for MSME franchisees.

Philippines to Lead Economic Growth in ASEAN


Jul. 31 – ASEAN will outperform other Asia-Pacific economies next year as China’s growth slows, according to a report issued by Standard & Poor’s (S&P) this week. In their report titled “Credit Conditions: Increased China Downside Risk Dampens Asia’s Growth,” S&P lowered their forecast for year-end growth in Asia-Pacific from 5.5 percent to 5.3 percent. […]

Philippines to Adopt ASEAN Corporate Governance Scorecard


Jul. 2 – In preparation for the integration of the ASEAN Economic Community (AEC) in 2015, the Philippines has begun to take additional measures to improve the corporate governance of its local companies by fully implementing the use of the ASEAN Corporate Governance Scorecard (ACGS). The ACGS is an ASEAN-wide scorecard used to evaluate companies […]

The Philippines Tops List of Southeast Asia Remittances


May 23 – A recently released report from the International Fund for Agricultural Development and the World Bank has found that remittance inflows from every Southeast Asian country have significantly increased from 2000 to 2012. The Philippines, in particular, has benefitted the most, and the report adds that remittances sent by Filipino migrants in 2012 […]

Philippines’ Midterm Elections Take Place, Stocks Rally


May 21 – The Philippines’ 2013 midterm general elections were held last week, with 12 senate seats to be filled and 229 district seats up for grabs in the House of Representatives. Full results can be found here. Nine of the twelve senate seats and 114 district seats were won by members of incumbent President […]

Philippines Calls For Integrated ASEAN Customs Union


May 9 – The 18th Meeting of the ASEAN Coordinating Committee on Customs (CCC) opened this week at the Clark Freeport Zone in the northern Philippine province of Pampanga. During the key note presentation, Philippine Customs Commissioner Ruffy Biazon highlighted the important role played by the various customs agencies in Southeast Asia in establishing a […]

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