Overseas Filipinos – An Economic Lifeline There is an estimated 10 to 11 million Filipinos overseas, including Overseas Filipino Workers (OFWs). OFWs refer to Filipino citizens who are residing in foreign countries for reasons of employment. The money they send back home supports millions of households and is an economic lifeline to the country, contributing… Continue reading Overseas Filipinos – An Economic Lifeline
Top destination on business process outsourcing The Philippines Department of Trade and Industry (DTI) defines Business Process Outsourcing (BPO) as the “delegation of service-type business processed to a third-party service provider”. The industry covers contact centers, back-office services, data transcription, animation, software development, engineering development, and game development. The Philippine BPO industry is considered one… Continue reading Top Destination for Business Process Outsourcing
Red carpet for foreign investments and remittances Philippines has a policy of attracting, promoting and welcoming productive investments from foreign individuals, partnerships, corporations, and governments, including their political subdivisions, in activities which significantly contribute to national industrialization and socio-economic development to the extent that foreign investment is allowed in such activity by the Constitution of… Continue reading Red Carpet for Foreign Investments and Remittances
The people are its biggest asset With a population of 109 M in 2020, the depth and quality of its human resources make the Philippines an attractive place for setting up businesses. Migrant Filipino workers are known and trusted in their host countries for their hard work, professionalism, diligence, creativity, technical skills and English language… Continue reading The People Are the Biggest Asset
The English language advantage A key consideration for most foreign investors is the ability to communicate effectively with their business partners. A savvy investor can only take advantage of a good investment climate or massive growth opportunity when he can communicate clearly to his local counterpart across the table. This is where the Philippines derives… Continue reading The English Language Advantage
Social Commerce a Must-Do to Reach Southeast Asian Consumers In Vietnam, an Instagram influencer with 252,000 followers is offering women a US$130 course to learn how to pose for pictures. These women in Hanoi have taken up this learning module not just to look good on social media but to attract brand partnerships. There is… Continue reading Social Commerce a Must-Do to Reach Southeast Asian Consumers
The Two-Sides to China’s Investment in ASEAN’s Energy Sector The energy industry has played a vital role in ASEAN’s economic story to date. Countries like Indonesia and Malaysia have depended significantly on their abundance of energy related commodities – such as coal and oil – for trade and economic growth. And the role of the… Continue reading The Two-Sides to China’s Investment in ASEAN’s Energy Sector
How China’s Belt & Road Initiative Impacts Climate Change Accord Chinese leader Xi Jinping launched One Belt, One Road (OBOR) in 2013, later re-translated as Belt and Road Initiative (BRI), as China’s global infrastructure development strategy for historical Silk Road trading routes. Confusingly, the “belt” refers to land connections, Marco Polo’s northern routes dating from the 13th century;… Continue reading How China’s Belt & Road Initiative Impacts Climate Change Accord
Bright Future as Well as Challenges Facing EV in ASEAN In 2017, a news report got really popular. The study calculated that Indonesians spent 22 days of a year stuck in traffic jams. Jakarta was, at the time, considered one of the worst cities in the world when it came to gridlocks. The city dropped out of… Continue reading Bright Future as Well as Challenges Facing EV in ASEAN
How the Pandemic Accelerated Digital Payment Systems The coronavirus outbreak and the extended lockdowns had a significant impact on the financial systems of the world. With restricted mobility and the lack of access to traditional services, finance moved online. Wallets became digital. Virtual payments replaced cash. Much like the rest of the world, the ASEAN… Continue reading How the Pandemic Accelerated Digital Payment Systems
