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Contact us
Trunklines:
897-66-82,
890-93-08
Email:
nerbac@boi.gov.ph
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Why do Business in the Philippines
Competitive Destination
The Philippines is among the best money-per-value destination.
- It has liberalized services industry.
- It is cost efficient in terms of wages over labor standard expectations and low operational cost
- It contains a strategic logistics access point in ASEAN +3
- With Strong remittances, its gross international reserves are at levels above international benchmarks
- The country has a vast pool of homegrown talents and highly adaptable resources
- The Philippines has a very commited and supportive governance which, in the case of BOI relates into investor management solutions from prospecting and nurturing investments
The Filipino
Among the Philippines' most treasured resources is its people.
As a People.
Filipinos place great importance on faith and education, influenced by its history of Spanish colonization and American occupation. About 85% of Filipinos are Roman Catholics, with the Church playing a significant role in the people’s social and cultural lives. Only Mindanao, the southern island cluster in the country, embraced Islam, which was introduced to the region by Arab traders in the past.
Adult literacy rate in the Philippines is among the highest in the world, at about 95%. The Philippine educational system begins with three years at the pre-primary level; six to seven years in primary education; four years in secondary education; followed typically by a four-year university course. Proceeding to graduate school is popular among middle- and upper-class Filipinos, especially those involved in business. A typical school year begins in June and ends in March. The official language used in both public and private schools is English, but Filipino (mainly based in Tagalog) is widely spoken.
As a Worker
The combination of a high value for education and the usage of English as the primary medium of instruction in Philippine schools has resulted in a Filipino labor force equipped with competent technical skills and English proficiency. This puts the Philippines in a prime position for opportunities in industries such as manufacturing, electronics, outsourcing and offshoring. The Filipinos are also multi-culturally sensitive professionals with innately caring and service-oriented characters that are ideal for professions such as medicine, wellness, customer service, and tourism.
As a Partner
Filipinos give high importance to establishing good personal relations with their business contacts. They are trusting and friendly, and value affable but professional business relationships.
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BRITISH FIRMS SHOW KEEN INTEREST TO DO BUSINESS IN PHL
A delegation from the United Kingdom recently visited the Philippines to explore investment opportunities specifically in the PPP sector. The group which comprised of British firms in the professional services sector, specializing in the areas of transaction advisory, project packaging and financing and consultancy which seeks potential local partners in the PPP projects. The visit is a result of the investment mission by DTI Undersecretary Cristino L. Panlilio in March 2011 to Europe and the Middle East. In the right inset photo are (L-R) Trade and Industry Undersecretary Cristino L. Panlilio, DPWH Secretary Rogelio L. Singson, UK Ambassador to the Philippines Stephen Lillie and UKTI Director Derek Page.
Others in the left inset are (L-R) Ms. Gilda Resurreccion of DOH PPP Center; Trade and Industry Assistant Secretary Felicitas Agoncillo-Reyes; Exec. Dir. Cosette Canilao of PPP Center and Engineer Oliver Hernandez of DepEd.
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GERMAN FIRMS EYE PHL FOR SOLAR POWER PROJECTS
The German-Philippine Chamber of Commerce and Industry, Inc. (GPCCI) in coordination with the European Chamber of Commerce and Industry of the Philippines (ECCP) and Gessellschaft for Internationale Zusannebarbelt (GIZ) organized an inbound business delegation of eight solar power German firms and players. The delegation is interested in forging partnerships with local would be conducting various activities aimed at discussing the energy situation of both countries through the Solar Energy Forum and meeting with Filipino counterparts for business/investment opportunities. One of the highlights of the visit would be an investments briefing and networking lunch at the Board of Investments. In the photo are inset right (L-R) Trade and Industry Assistant Secretary Felicitas Agoncillo-Reyes, Mr. Dan Lachica, Board of Director of SEIPI, Trade and Industry Undersecretary Cristino L. Panlilio and Mr Han Knaack, Project Manager of BSW, a German Solar Association.
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