The Report: Philippines 2018

  • ID: 4702509
  • Country Profile
  • Region: Philippines
  • 276 Pages
  • Oxford Business Group
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FEATURED COMPANIES

  • 8990 Holdings BPO
  • Ayala Corporation
  • Chelsea Logistics
  • DoubleDragon Properties
  • ePLDT
  • Lazada Philippines
  • MORE

The Philippines in brief

With GDP growth averaging 6.4% between 2010 and 2017, the Philippines is one of the top-performing economies in South-east Asia. Underpinned by its robust services sector, the country is seeing rising investment in manufacturing, strong remittance inflows from overseas workers and an infrastructure spending surge under the Build, Build, Build development programme of President Rodrigo Duterte. Sound fiscal and monetary policy-making should help prevent the economy from overheating, even as socio-economic challenges, income inequality and inflation pose continued obstacles to inclusive growth.

Country Profile

  • Diverse population primarily resides in rural regions
  • Agriculture remains the largest employer, with 85% of jobs
  • Hosting APEC boosts tourism and construction sectors
  • PNG officially commits to the Belt and Road Initiative
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 8990 Holdings BPO
  • Ayala Corporation
  • Chelsea Logistics
  • DoubleDragon Properties
  • ePLDT
  • Lazada Philippines
  • MORE

SNAPSHOT

  • The Philippines in brief

COUNTRY PROFILE

  • Island nation: A diverse people, geography and culture
  • Interview: President Rodrigo Roa Duterte
  • Sea of change: Inclusive growth and infrastructure development are key goals of the current administration
  • Interview: Jin Liqun, President, Asian Infrastructure Investment Bank
  • On the road: China’s Belt and Road Initiative is reshaping South-east Asia

ECONOMY

  • Solid fundamentals: The government takes measures to ensure that rapid economic growth is both inclusive and sustainable
  • Interview: Carlos G Dominguez III, Secretary of Finance
  • On track for reform: Tax overhaul set to generate substantial revenue to support Build, Build, Build agenda
  • Interview: Jaime Augusto Zobel de Ayala, Chairman and CEO, Ayala Corporation
  • OBG Business Barometer: Philippines CEO Survey
  • Global markets: A surge of new borrowing accompanies the successful issuance of several foreign currency-denominated bonds
  • Business Barometer: OBG in ASEAN CEO Survey
  • Global village: Medium-term prospects suggest globalisation is set to continue for the foreseeable future
  • Lifting all boats: The government works to address persistent inequality, investing in infrastructure projects, social programmes and free college tuition at public schools

REGIONS

  • Spreading the wealth: A new period of investment and enterprise for regional areas
  • Roundtable: Mauricio Domogan, Mayor, Baguio City; Oscar S Moreno, Mayor, Cagayan de Oro; and Sara Duterte-Carpio, Mayor, Davao City
  • The big debate: Constitutional changes may soon see the Philippines become a federal state

TRADE & INVESTMENT

  • Diversified market: Manufacturing to drive continued expansion amid uncertainty surrounding regulatory reforms
  • In the zone: New rules are changing the role of economic zones
  • Viewpoint: Steven Ciobo, Minister for Trade, Tourism and Investment of Australia
  • Tax liabilities: Impacts of the trend towards lower corporate tax rates on developed and developing economies
  • Interview: Ramon M Lopez, Secretary, Department of Trade and Industry

BANKING

  • Stable expansion: Robust credit growth and ongoing reforms contribute to a positive sector outlook
  • Interview: Nestor A Espenilla Jr, Governor, Bangko Sentral ng Pilipinas
  • Solid backing: Development banks are set to play a key role in financing upcoming infrastructure projects
  • At the forefront: The government is supporting financial technology innovation to promote inclusion and operational efficiency
  • Roundtable: Aftab Ahmed, Country Officer, Citibank Philippines; Cecilia C Borromeo, CEO, Development Bank of the Philippines; Simoun Ung, President and CEO, OmniPay; and Edwin Bautista, President and CEO, UnionBank of the Philippines
  • Building bloc: Regulators work to establish a single ASEAN financial market
  • Fintech revolution: Tech solutions are driving the evolution of the sector landscape

CAPITAL MARKETS

  • Breaking records: While the exchange hit historical highs in 2017, more competitive measures are needed
  • Blueprint to build: Efforts underway to develop capital markets into the primary source of infrastructure financing
  • Viewpoint: Ramon S Monzon, President and CEO, Philippine Stock Exchange Market analysis provided by Philippine Stock Exchange
  • Growth vision: Stock market
  • Increasing inflows: Foreign listings
  • Moving closer: Real estate investment trusts

INSURANCE

  • Steady progress: Financial technology and innovative products widen distribution channels as stricter regulations push for market consolidation
  • Reassuring trend: New reinsurance programmes are bolstering coverage against natural disasters in emerging markets
  • Interview: Rizalina Mantaring, CEO and Country Head, Sun Life

ENERGY

  • Power plans: Depleting reserves give impetus to long-term policies that address rising domestic demand and sustainability concerns
  • Interview: Alfonso Cusi, Secretary of Energy
  • Exploring options: New alternative sources to maintain energy security
  • Cheap and clean: Attempts to cut costs while reducing the carbon footprint
  • Accelerated approval: Recent order to expedite major projects and spur investment

INDUSTRY & RETAIL

  • Top notch: Manufacturing and commodities trend upwards, inviting higher levels of investment
  • Interview: Inanc Balci, CEO and Co-founder, Lazada Philippines
  • Production clusters: Government blueprint seeks to improve supply chains
  • Gearing up: Economies around the world are preparing for the opportunities and challenges brought about by the next industrial revolution
  • Showcasing progress: Rising confidence levels benefit retailers across segments
  • Digital marketplace: Large players move into position to enter e-commerce

TOURISM

  • Riding a wave: Mature offering capitalises on a global upswell in overseas travel
  • Sighting sources: Efforts accelerate to draw foreign travellers from a wide range of countries
  • Interview: Lawrence Ho, Chairman and CEO, Melco Resorts & Entertainment
  • Interview: Andrea Domingo, Chairman and CEO, Philippine Amusement and Gaming Corporation
  • Emerging attractions: Destinations outside Manila are being promoted to diversify offerings
  • Meeting expectations: Security and engagement key to further growth in meetings, incentives, conferences and exhibitions industry

TRANSPORT & INFRASTRUCTURE

  • Moving ahead: A programme has been initiated to expand roads, railways and ports
  • Interview: Dennis Uy, Founder and Chairman, Chelsea Logistics
  • Interview: Steve Dicdican, CEO, Mactan-Cebu International Airport
  • All aboard: The creation of the country’s first subway system and the extension of existing infrastructure are set to ease congestion
  • Clean and green: New smart city and the railway line to reduce pressure on the capital
  • Discussion point: A range of funding options are being made available to finance the country’s infrastructure programme
  • Skybound: Rapid expansion of the global aviation industry propels investment efforts

CONSTRUCTION & REAL ESTATE

  • Building boom: A flagship works programme launched in 2017 is intent on closing the nation’s infrastructure gap
  • New heights: Demand for building materials looks set to continue after hitting a five-year price high
  • Sustainable urbanisation: As urban populations undergo rapid growth around the globe, planners are striving to create efficient spaces
  • Securing shelter: Government policy focuses on addressing the demand for office space and housing in Metro Manila and beyond
  • Affordable access: Efforts accelerate to address the housing backlog
  • Interview: Edgar Injap Sia II, CEO and Chairman, DoubleDragon Properties
  • Interview: Willie J Uy, President and CEO, 8990 Holdings BPO
  • One call away: The industry moves to offer a wider range of services amid strong competition and reform to taxes and incentives
  • The rise of the machines: New technologies presents challenges and opportunities
  • Interview: Travis Coates, Managing Director, Teleperformance Philippines

ICT

  • Calling all competitors: Network expansion efforts accelerate amid growing demand for data and the anticipated entrance of a third mobile player
  • The missing ingredient: Despite its delayed arrival, establishing a third mobile provider remains at the forefront of government plans for the industry
  • Interview: Ernesto R Alberto, Executive Vice-president and Chief Revenue Officer, PLDT; and President and CEO, ePLDT
  • Interview: Hans Bayaborda, Managing Director, Microsoft Philippines Technically sound: Increased spending and adoption of digital services is sustaining the industry on its upward trajectory
  • Need for speed: Execution of national plan and suggested policy reforms are aimed at enhancing broadband services

AGRICULTURE

  • Careful planting: Strengthening of value chains and crop diversification are key to the development
  • Interview: Emmanuel Piñol, Secretary of Agriculture
  • Fertile environment: Regulators are working to attract talent, boost profitability and modernise farming practices
  • Seeking sustainability: Digital and precision farming techniques are poised to bolster global agriculture resiliency

HEALTH

  • Smarter care: Technological advancement and rising public spending are set to support the adoption of a universal health care system
  • Going private: The non-state sector continues to drive innovation
  • Interview: Hector Thomas Navasero, President and CEO, Philab Industries
  • Promoting pharmaceuticals: As health care provision expands, demand for both local and imported pharmaceutical products is rising

EDUCATION & RESEARCH

  • Bright prospects: Substantial reforms have focused on improving student performance
  • The seeds of STEM: Initiatives at multiple levels encourage science, technology, engineering and mathematics
  • Interview: Fortunato T de la Peña, Secretary, Department of Science and Technology
  • New agenda: Policymakers look to promote innovation in key industries
  • On the job: Technical and vocational training key to improving employment rates

TAX

  • P&A Grant Thornton
  • Duty calls: A look at the tax laws applicable to individuals and businesses
  • Viewpoint: Marivic Españo, CEO and Chairperson, P&A Grant Thornton

LEGAL FRAMEWORK

  • V&A Law
  • Forward momentum: Developments strengthen the rules governing business practices
  • Interview: Augusto A San Pedro Jr, Co-managing Partner, V&A Law

THE GUIDE

  • Stay a while: Hotel options around the country
  • Listings: Directory of select public and private organisations
  • Facts for visitors: Useful information for both business and leisure travellers
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  • 8990 Holdings BPO
  • Asian Infrastructure Investment Bank
  • Ayala Corporation
  • Bangko Sentral ng Pilipinas
  • Chelsea Logistics
  • DoubleDragon Properties
  • ePLDT
  • Lazada Philippines
  • Mactan-Cebu International Airport
  • Melco Resorts & Entertainment
  • Philab Industries
  • Philippine Amusement and Gaming Corporation
  • PLDT
  • Sun Life
  • Teleperformance Philippines
  • V&A Law
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
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