The
Philippines -
A Guide to Successful Business
plus Business Directory
This
is a book written by members
of the international business
community in the Philippines
and for the international business
community.
The Philippines as a country
in which to work, invest and
do business is often misunderstood
by the casual observer. Yet
many companies - small businesses
as well as large multinationals
have set up and thrived in the
local environment.
To the many who live and work
here, this country is regarded
as "Asia's best kept secret"
and indeed Manila has often
topped the polls of favored
places for expatriate executives
and their families. World-class
beach resorts and small idyllic
mountain hideaways are all within
easy reach.
Certainly there are many who
believe that the full potential
of the Philippines and its people
remains waiting to be tapped.
Recent history has not been
kind and the first wave of export-led
industrial growth that created
the Asian miracle over the past
forty years largely swept by
the Philippines.
Yet there is optimism in the
air. The government of President
Macapagal Arroyo is held to
be dedicated to achieving real
reform. Already change is noticeable.
There is a firm commitment to
lowering the remaining tariff
barriers and bringing the Philippines
into the new global economy
of the 21st century. More industries
are being opened slowly to foreign
investment and the administration
is revamping its investment
guidelines and incentives to
ensure the Philippines retains,
and indeed - enhances, its competitive
edge.
Manila is strategically located
at the center of the Asian growth
rim and within easy flying time
to most Asian capitals. Australia,
Europe, and the United States
are all within a single hop.
With a well educated workforce
and probably the best English
speaking population in Asia,
more and more companies are
finding the Philippines an ideal
location for their Asian regional
headquarters, as a regional
transshipment or warehousing
center, for IT development and
component manufacturing.
The Philippines is home to some
eighty million people. More
than 10 million live in Manila.
It is a consumer society and
recent changes to the retailing
laws have created new opportunities
for foreign chain stores and
brands that many have been quick
to exploit.
Above all, the Philippines is
a friendly place in which to
live and to work. Yes, there
are frustrations - but these
abound wherever cultures mix.
Those of us who are here for
the "long haul" are
convinced that the advantages
of being here far outweigh the
disadvantages.
Those of us who call the Philippines
our home, invite you to join
us. Hopefully this small book
will help guide your way to
success.
*
Our special thanks to Crown
Relocations for sponsoring
the printing of this first edition
of what is intended to be a
biannual publication. We also
thank our other advertisers
for the support they have given
and without which the project
would not have been possible.