The Philippines’ information technology and business process outsourcing (IT-BPO) industry is a driving force in the country’s economy. After having been booming for years, it is still expanding in different key cities. Thanks to its highly diversified and competitive offer, the sector is one of the most dynamic in the Philippines.
Successful luxury companies are not common in Southeast Asia. This female designer from the Philippines nonetheless proves that it is possible to succeed in the luxury industry. Through her creative approach, traditional crafts from the Philippines now gain international recognition in luxury jewelry and accessories.
Human resources professionals looking for candidates to hire or executives looking for their next career opportunities both need to know about the job market. This guide will greatly help all those who need to evaluate the salaries compensating for experience and qualifications of particular job position in the Philippines.
Though slightly above regional peers, taxes in the Philippines are rather low globally: low corporate income tax, low progressive income tax and and low VAT. Though the taxation system is rather simple, particular rates, formalities and methods of calculations have to be implemented to properly compute and declare taxes.
With a large and growing number of Filipinos accessing the Internet, FinTech startups are able to reach people who previously were out of the financial system. New technologies now provide the convenience of digital payments and financial services to people without bank account anywhere in the Philippines or abroad.
The 30 largest corporations of the Philippines weigh very heavily in the country’s economy, and further, in Southeast Asia and the world. Together forming the PSEi index, the main stock index of the country, they have been regrouped in this handy list that presents each company and its activities, together with useful links.
Contracting famous people to endorse and promote a brand is not a new trend. However, the popularity of social media currently foster a little revolution in “influencer marketing”. A recent development in the Philippines help us understand new tactics to approach customers through influential people.
To provide a better access to official data and work towards more transparency, the Philippine government has created a website to centralize the country’s official information and statistics. With this objective, the portal Data.gov.ph allows people and businesses to consult varied, accurate and well-structured data.
With one of the fastest growing economies in Asia and a large population, the Philippines is a promising market for real estate companies. Manila, the capital, concentrates many investments as local property developers outbid each other to pull the market higher in all categories: office, residential, retail and hotels.
Where it is available, geothermal power is an almost perfect source of energy: much cleaner than fossil fuels, it is often renewable. Geothermal has greatly benefited the Philippines: limiting dependence on imports of hydrocarbons, it has also helped create technologies and know-how that can now be exported.