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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.professional services

UKTI, Manila has produced a summary of these sectors to assist companies considering doing business in The Philippines. Manila is obviously the Financial capital of the Philippines and most of the financial services business are located in Manila.

The Asian Development Bank is headquartered in Manila and is therefore a strong focus for financial activity in the region.

You can access the Financial and Professional services sectors report here. You will also have contact details for relevant and experienced UKTI staff based in Manila.

 

 

 

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Business Risk – Operating in the Philippines

The Philippines is one of the world’s largest English-speaking countries with the 12th highest population in the World. It is a large market that should not be ignored by UK companies looking to expand internationally.Manilanight1

 

The business risk of operating in the Philippines can be straightforward if simple and sensible steps are taken.

 

UKTI has prepared a summary of the major areas for consideration when considering and setting up an operation in the Philippines. The summary contains many useful hints and tips for business in the Philippines under major headings including:

Political and Economic

Human Rights

Bribery and Corruption

Positive developments in relation to corruption and investment

Terrorism Threat

Protective security advice

intellectual Property

Organised Crime

The report, prepared by staff based in Manila, can be accessed here.

 

 

 

 

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Philippines Power and Renewable Energy

The Philippines Power and renewable Energy market is devloping very quickly. According to UKTI, the Philippines is the second largest geothermal power producer in the world, has the highest wind power potential in the region, large potential for solar power, and abundant hydropower and biomass resources.renewable energy

To learn more about the Power and Renewables Energy markets in the Philippines, you can read the market summary produced by the local UKTI staff in Manila here.

 

The Philippines power market represents a significant opportunity for renewable energy products in what is largely an underdeveloped market.

 

The growth of the Philippines economy is pushing the requirement for more and more Philippines power sources. Recent government legislation has enabled the Philippines poer and renewables energy market to grow and develop, offering opportunities to power companies.

 

 

 

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When Britain Ruled the Philippines

The era when Britain ruled the Philippines was quite some time ago and for a very short period in its long history. Fortunately Shirley Fish has written a great book on the period when Britain ruled the Philippines which is available for a great read and provides essential hitorical information on how The Philippines has developed to where it is now – one of the best growing countries in South East Asia.

This is a quick introduction to the book “When Britain Ruled the Philippines”.  The British invasion of the Philippines was the first challenge to Spain’s control of the archipelago after 191 years of rule. The Royal Navy and British Army joined with the East India Company in Madras to capture Spain’s Asian colony. In conjunction with the attack against Spain’s key possession in the Americas, Havana, both settlements were successfully seized. However, in the Philippines, whilst the expedition was launched as part of a plan to harass the Spaniards in their possessions, as well as for commercial gain and new territories, the military campaign led by General William Draper and Admiral Samuel Cornish, may have been launched under the guise of an invasion in order to gain prize money. The author describes the events concerning when Britain ruled the Philippines as they unfolded at the Admiralty in London and at the East India Company in Madras, leading to the invasion and occupation of the capital Manila and the port city of Cavite. The capital was looted, a galleon was seized, and the British commanders imposed a ransom of four million dollars upon the Spaniards. The enormous sums in prize money and valuables seized mainly benefited the commanders…

The book of this period in Philippines History – when Britain ruled the Philippines – is now availaible to buy online. Just click on the Amazon box above to buy “When Britain Ruled the Philippines”.
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