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Economics & Politics

  • Solid economic growth
    The Grant Thornton International Business Survey Review for 2007 ranked the Philippines 2nd among 32 economies in business confidence. A very solid economic growth - not jeopardised by economic bubbles - and low inflation and interest rates are the basis for a secure and profitable business.

  • Open market oriented government
    For more then 20 years the Philippines has been a stable democracy with open market oriented governments improving the infrastructure through public investments and attracting local and foreign investors through a wide range of incentives, i.e.
    • 4 to 8 years Income Tax Holiday (ITH)
    • Special 5% tax rate on gross income after the lapse of ITH (for IT Park/Ecozonelocators)
    • Exemption from 2% input VAT on allowable local purchase of goods and services (e.g., communication charges
    (The complete list of incentives can be found under www.dti.gov.ph)

  • Data Privacy & Security laws
    Already in 1997, the Intellectual Property Code was implemented. In addition, the Philippines are TRIS compliant. E-commerce laws are also in place to establish the provisions for confidentiality and a secure business environment.

The People
Economics & Politics