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Forum on The Philippines’ Role in your Global Business

Forum 23 03 2021

The Philippines is poised to recover strongly post-pandemic due to its strong economic fundamentals and responsive government interventions. With the capability and capacity to host critical activities and high growth industries through its highly skilled, resilient, innovative and adaptable workforce, foreign investors continue to show confidence in the Philippines evident with the country’s FDI experiencing an increase by almost a third in contrast with the decline in global FDIs in 2020.

The DTI-Board of Investments presents “Make It Happen in the Philippines: A Forum on the Philippines’ Role in Your Global Business.” Learn more about business opportunities in the country and our attractive business environment as economic experts discuss updates on the Philippine investment climate and investors share insights and experiences in growing their business in the Philippines. The Forum is on 23rd March 2021 at 09.00 GMT.

The Speakers
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Ramon Lopez Secretary Department of Trade and Industry 
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Ceferino Rodolfo Undersecretary Department of Trade and Industry 
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Rosemarie Edillon Undersecretary National Economic Development Authority 
Jaime Augusto Zobel de Ayala Chairman & CEO
Ayala Corporation
Elmar Lutter President & CEO Lufthansa Technik Philippines
Join us in our first virtual event of the year for Europe!
Register HERE
Together, we can Make it Happen! 

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Economy and Trade update March 2021

At a recent meeting of the PBBC with the British Embassy in Manila, we were presented with statistics of the latest economy and trade with the UK.


Metric2019(year end)2020(year end)2021(Forecast)
GDP Growth5.9%-9.5%6.5% to &.5%
Headline Inflation Rate2.5%2.6%2% to 4%
Unemployment Rate5.3%8.7%7% to 9%
Overseas Remittances£22.08 bn£22.06 bn (-0.9%)4%
Debt to GDP Ratio39.6%55.5%57%
Credit RatingsFitch: BBB (positive)Fitch: BBB (stable)
S&P: BBB+ (stable)S&P: BBB+ (stable)
Moody’s: Baa2Moody’s: Baa2 (stable)

Sources: PH National and Economic Development Authority, Philippine Statistics Authority, and PH Bureau of the Treasury

Trade with the UK

Headline Statistics (released February 2021)

Total trade in goods and services (exports plus imports) between the UK and Philippines was £1.7 billion in the four quarters to the end of Q3 2020, a decrease of 21.8% or £468 million from the four quarters to the end of Q3 2019. Of this £1.7 billion:

  • Total UK exports to Philippines amounted to £796 million (a decrease of 29.2% or £328 million)
  • Total UK imports from Philippines amounted to £886 million (a decrease of 13.6% or £140 million)

The impacts of the lockdown restrictions are starting to show in the statistics. These figures still include around 5 months of normal trade so there will be some lag.

Figures courtesy of: The British Embassy, Manila

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Make it Happen in the Philippines

We are now a week away from the official launch of the ‘Make it Happen in the Philippines campaign’.  To make sure you don’t forget, save the date in your calendars. 

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Makati city skyline. Makati city is one of the most developed business district of metro Manila and the entire Philippines.
Make it happen in The Philippines
Campaign Launch Event Join us on 24 November 2020
The international campaign launch event will include a number of high profile speakers and partners, such as officials of the Philippine government and members of the international and Philippine business community.
  We will be joined by key government officials, including President Rodrigo Duterte who will deliver a keynote speech to members of the local & international business community and media   You will find out about business opportunities in the country and our attractive business environment. You will also hear how the Filipino workforce’s resilience and determination have contributed to the expansion and success of foreign companies in the Philippines despite the pandemic.
Make it happen in The Philippines


Celebrate with us virtually by joining the interactive online event on 24 November 2020 via Zoom, simultaneously live-streamed on Facebook and LinkedIn:    3:00 PM (Philippines/China) 4:00 PM (Japan/ Korea)  7:00 AM (UK)  8:00 AM (Europe)  11:00 PM (US – West Coast) 
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Philippines Salary Benchmark 2020

We are pleased to present The Michael Page Philippines Salary Benchmark 2020 Report

Philippines progresses with game-changing reforms

“Digital transformation continues to be a hot topic, and those bringing a solid track record in this area should garner more advantage”

Carla Lastimosa , Director , Michael Page Philippines

One of Michael Page’s newest focus markets in Asia-Pacific, the Philippines presents significant opportunities for our partners This is in view of its recent return to stability and growth as well as the possibility of an even stronger decade ahead

With a 10-year average GDP growth of 5.5%, and the World Bank forecasting growth of 61% and 62% in 2020 and 2021 respectively, we believe our growing range of focus markets will continue to show promise, in spite of mixed predictions on the global front

Fortunately for the Philippines, lower inflation rates and a host of business incentives have seen more global businesses enter the market particularly those in the Technology, Manufacturing and FMCG areas We foresee continued strong opportunities for returning talent who have relevant international experience to enhance the domestic workforce

As with all markets, digital transformation continues to be a hot topic, and those bringing a solid track record in this area should garner more advantage; as will those with proven technology experience. This is especially evident in a market where Finance and Sales disciplines express interest in hiring ex-tech company professionals with experience in the mobile and e-commerce spheres Hiring managers in the Philippines will continue to seek experts in Finance, HR and Marketing, particularly those with data analytics and trend-spotting abilities These hires are typically able to identify market opportunities with enough

confidence to excel at stakeholder management

In addition, we firmly believe that business leaders with a convincing growth story combined with sound organisational development strategies will see more success in employee retention

We look forward to helping you expand your business horizons even further in the year ahead

Philippines salary benchmark

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