Author's posts
Jan 15
Philippines ends discrimination against imported spirits
Great news for the UK Drinks Industry. The introduction of a WTO-compliant regime on alcohol and tobacco taxes will end discrimination against imported spirits that was a concern and financial handicap to many UK manufacturers. Wider benefits for the Philippine economy and health sector. This represents a further sign that President continues to push his economic reform …
Jan 14
Philippines 2013 Budget approved
President Aquino has signed the two-trillion peso Philippines 2013 budget (GBP 30 billion and approx. 16% of GDP) into law. Main priority areas are infrastructure development, health, education and support to the conditional cash transfers programme. Growth and increased revenue allow for extra spending while also reducing debt as a percentage of GDP. No pre-election splurge, but …
Jan 13
Commercial Real Estate Boom in Manila
How do we know there’s a commercial real estate boom in Manila? Just count the tower cranes in Manila. According tho this article published in the South China Morning Post, “Tower cranes tell story of commercial real-estate boom in Manila” Manila’s changing skyline demonstrates a city coming up in the world. The capital of the …
Jan 12
Philippines Financial and Professional Services Sectors
The Financial and Services Sectors in the Philippines do offer opportunities for UK Companies to operate in the Philippines. There are however some foreign ownership restrictions. Nevertheless, with the 12th largest population in the World and with a high English Speaking component, there are many opportunities. UKTI, Manila has produced a summary of these sectors …
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