Business in Philippines. Manila. Economy, Foreign trade, exports, FDI.

Summary

Philippines is one of the fastest growing region in Asia. Flanked by two great trade routes (the Pacific Ocean and South China Sea) the Philippines is an ideal base for business and a strategically entry point to over 500 million people in the ASEAN market.

Philippines is the biggest copper producer in Southeast Asia and among the top ten producer of gold in the world. The country has opened up its economy by allowing 100% foreign ownership in almost all sectors of the economy.

Foreign Direct Investments FDI. Republic Act (RA) 7042, also known as the Foreign Investments Act (FIA) of 1991, is the basic law that governs foreign investments in the Philippines. Under this law, foreign investors are allowed to invest 100% equity in companies engaged in almost all types of business activities subject to certain restrictions as prescribed in the FINL, which is a shortlist of investment areas or activities that may be opened to foreign investors / reserved to Filipino nationals.

The Philippine Board of Investments (BOI), an attached agency of Department of Trade and Industry (DTI), is the lead government agency responsible for the promotion of investments in the Philippines.

BUSINESS PROCESS OUTSOURCING. The Philippine service providers perform broad spectrum of activities that include finance and accounting, human resource management, business & technical analysis, logistics and supply chain management. From these processes, the industries being served include Travel & hospitality, Financial services, Information Technology, Telecommunications, Consumer products, Healthcare & Insurance, Entertainment & education and Legal & law enforcement.

Software development is one of the more established sub-sectors of the Philippine IT and IT-Enabled Services industry. With more than three decades of experience, the reputation it has built for quality of work and efficiency of service will continue to make the Philippines an ideal destination for investments in software development.

The Philippine electronics industry began in the mid-seventies when industrialized nations relocated their production facilities to third world countries in order to control the escalating cost of production.

Manila is the center of government in the country and one of the central hubs of a thriving metropolitan area home to over 14 million people. The district of Tondo due to its proximity to the Manila North and South Harbor became a center for several manufacturing facilities and the district of Pandacan and portions of Paco nearest to the banks of the Pasig River served as centers for manufacturing in the city.

Established in 1890 as a brewery, San Miguel Corporation (SMC) is Southeast Asia's largest publicly listed food, beverage and packaging company with over 15,000 employees in over 90 major facilities throughout the Asia-Pacific. The Company's manufacturing operations extend beyond its home market to Hong Kong, China, Indonesia, Vietnam, Thailand and Malaysia; and its products are exported to 60 markets around the world.

SM Prime Holdings is the Philippines’ largest mall operator. Publicly listed since 1994, it now owns and runs world-class malls all over the country, providing millions of square meters of floor area for a fully integrated shopping, dining, and entertainment experience. SM INVESTMENTS CORPORATION is the holding company of the SM Group. Publicly listed in 2005, It is today one of the Philippines' biggest conglomerates, occupying a dominant position in most of its lines of business, namely, shopping malls; retail merchandising; banking and finance; and property.

Sample:

APEC - ESCAP - World Trade Organization

Available Languages :

Master in Asia business - Master in Emerging Markets

Master Executive in International Business, Global Marketing and Internationalization

FR: Affaires Philippines

Business, Philippines, Manila, Economy, Foreign Trade, Exports, FDI, Electronics, Software, Development, BPO, process, outsourcing, Foreign Direct, Investment, San Miguel, Corp, SM Group, Master, International Business