Philippine British Business Council set to hold trade mission to PH
Chris Nelson, President of the British Chamber of Commerce, interviewed by ANC
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.
|Ramon Lopez Secretary Department of Trade and Industry|
|Ceferino Rodolfo Undersecretary Department of Trade and Industry|
|Rosemarie Edillon Undersecretary National Economic Development Authority|
|Jaime Augusto Zobel de Ayala Chairman & CEO|
|Elmar Lutter President & CEO Lufthansa Technik Philippines|
|Join us in our first virtual event of the year for Europe!|
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.
|Metric||2019(year end)||2020(year end)||2021(Forecast)|
|GDP Growth||5.9%||-9.5%||6.5% to &.5%|
|Headline Inflation Rate||2.5%||2.6%||2% to 4%|
|Unemployment Rate||5.3%||8.7%||7% to 9%|
|Overseas Remittances||£22.08 bn||£22.06 bn (-0.9%)||4%|
|Debt to GDP Ratio||39.6%||55.5%||57%|
|Credit Ratings||Fitch: BBB (positive)||Fitch: BBB (stable)|
|S&P: BBB+ (stable)||S&P: BBB+ (stable)|
|Moody’s: Baa2||Moody’s: Baa2 (stable)|
Sources: PH National and Economic Development Authority, Philippine Statistics Authority, and PH Bureau of the Treasury
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:
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
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.
|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.|
|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)|
We are pleased to present The Michael Page Philippines Salary Benchmark 2020 Report
“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
Seminar on 4th August 2020 organised by British Chamber of Commerce (Manila) with Department of Trade and Industry Secretary Ramon M. Lopez
The Philippines Inflation Rates
Opportunities in The Philippines for UK Companies
Economic information Courtesy of the Philippines Embassy, London
Graphic Courtesy of the British Chamber of Commerce, Manila
Arthur Tugade, Secretary of Transportation, describes the amazing story of infrastructure development in the Philippines at Asia CEO Forum on
Wednesday, February 26 (8am to 10:00am)
at the Manila Marriott,
Newport City Complex, Pasay City
“Build, Build, Build” is becoming “Use, Use, Use” and putting Philippines on the global economic map. International organizations that previously had bad attitudes about the Philippines (and Duterte) are now gushing with praise. “The Economist” reports glowingly on the gargantuan infrastructure program of the Duterte administration.
Asian Development Bank (ADB) lent the Philippines more than 67 countries last year (only India, with 10X the population, got more). The government estimates that about 50 of the 100 “Build, Build, Build” projects will be completed by 2022. ADB says ecstatically if only 30 finish, it would be “hugely successful.”
+ Will Secretary Tugate finish in time for the next election?
+ Can the Philippines really enter the big-leagues of global economies?
+ Will Duterte’s sky-high approval ratings go even higher?
+ Can we prevent the next government from killing everything after the election?
Get the full story from the remarkable Arthur Tugade, Secretary of Transportation, at Asia CEO Forum on February 26 (8am to 10:00am) at the Manila Marriott. The price of admission is just Php1,500 and includes 5-star breakfast (Php2,000 if paid at the event). REGISTER HERE.
Asia CEO Events is the largest and only national business event series in the Philippines. Senior business leaders come from across Asia for events in Metro Manila, Cebu, Davao, Clark and other locations. See future events at www.asia-ceo.org .
| DATE AND TIME February 26th, 2020 |
7:45 am – 10:30 am
Shame on them! Shame on anyone who says this government’s infrastructure program is not making massive progress. All knowledgeable observers say the Duterte Administration’s “Build, Build, Build” agenda to spend 9 Trillion pesos (US$177 Billion) constructing new infrastructure will have a profound impact on the nation that will extend for generations to come.
Hear Transport Secretary Arthur Tugade tell it himself at the next Asia CEO Forum on February 26 (8am to 10:00am) at the Manila Marriott. Expect a complete update on the remarkable progress.
The work being done is being enthusiastically noticed around the world. The influential global financial magazine “The Economist” recently reported in rare glowing terms about Duterte’s infrastructure program, “The Philippines… to Unclog.”
Asian Development Bank (ADB), previously known to be pessimistic about the country’s progress, has become one of its biggest boosters. It lent the Philippines more than any other country last year — with the exception of India, a country with 10 times the population.
The government estimates that about 50 of the 100 “Build, Build, Build” projects should be completed by 2022. The ADB says if just 30 are completed it would be “hugely successful.”
Can Secretary Tugate finish everything in time for the next election? Will this mark the Philippines’ entry to the global economic big-leagues? What will be the impact of approval ratings on Duterte, already one of the world’s most popular politicians? Will the next government kill everything a week after the election?
Makati Shangri-La Hotel, Isabela Ballroom
Sat, 21 Mar. 2020, 12.00pm to 6.00pm
The UK Education Advisory Service (UKEAS) partnered with the Department for International Trade, British Embassy Manila, and the British Council, to host this year’s Study World 2020 in the Philippines.
Study World is the UK’s largest exhibition event for international Higher Education Institutions (HEI), expecting to reach at least 500+ attendees in Manila and 200+ attendees in Clark—who are all interested to study in the UK.
There are exhibition slots open for UK HEIs to join and promote their innovating programmes for post-graduate studies on specialised courses, with focus on IT (e.g. Data Analytics, Cybersecurity), Advanced Engineering and Architecture (e.g. Construction, BIM, Rail, Urban Planning), Healthcare (e.g. Digital Health and Medical Informatics) and Finance (i.e. FinTech, e-commerce), among others.
In addition to student recruitment activities, there will be a dedicated event for UK HEIs to collaborate on sustainable, institutional partnerships with Philippine (PH) universities, including sending PH faculty to study in the UK, transnational education (TNE) arrangements, research collaborations, and other education experts.
This is in fulfilment of the recently passed TNE Act which encourages PH HEIs to internationalise and become world-class.
There will be arranged B2B meetings, site visits and matching with reputable and capable PH universities.
Deadline to join is on 21 February 2020.
For more information, interested participants may reach out to Ianela Ortiz, Senior Trade and Investment Manager (DIT Manila) at firstname.lastname@example.org
This March, UKEAS has designed an even better Study World for the Filipinos who dream to further their education with our efforts made in partnership with the British Embassy. Study World will be your main avenue for furthering your personal growth in academe by providing you with the best experience through interactions with representatives from universities in the United Kingdom.
The exhibition shall also provide you with educational workshops and seminars, scholarship opportunities, visa consultations, and other exciting freebies that may assist potential students in making the right decision for their UK study.
Setting up a path for the achievement of your goals is important now more than ever, and your journey starts when you decide where you want to be. The search for self-growth often goes beyond the four walls and exploring the world as you learn is a rare opportunity that not many are given.
Part of the ride is discovering that your academic journey in the UK can begin with us. Allow UKEAS to bring you a Study World like no other by registering now! You will learn how exploring your opportunities, discovering your potential, and growing the best version of yourself is easy when you attend Study World this March 21, 2020 at the Makati Shangri-La Hotel Isabella Ballroom A, B, and C from 12 noon to 6 in the evening! Remember, Education is Great and #YouCanWithUKEAS!