article by Jason Lane

A new survey by the American Chamber of Commerce in Singapore (AmCham Singapore) conducted in collaboration with other AmChams and the ASEAN region, the Philippines most popular name of the expansion.

ASEAN (South East Asian Nations) region consists of ten countries such as Indonesia, Laos, Vietnam, Myanmar, Philippines, Singapore, Thailand, Malaysia, Cambodia and Brunei.
report, now in its tenth year, focusing influence on growth in Southeast Asia, raising awareness of local factors, the company in Southeast Asia.

In this report, the Philippine’s most popular name of the extension (32%). Despite the fact that this amount is much higher than those of other ASEAN countries has, to some extent, this number 43% in 2009 reported sunk. However, the growth is still 32%, a significant proportion. Since the Philippines is a lot of attractions for international companies and multinational corporations.

government incentives for multinational companies
Philippine government actively promotes foreign investment in various sectors including energy, technology and tourism. Special TIEZA the (Tourism Infrastructure and Enterprise Zone Authority) was created to offer investment incentives.

The Philippine government has an open economy allows 100% foreign ownership in some sectors and support the BOT (Build Operate Transfer), the investment project, that other Asian countries to emulate. To put on the privatization of state enterprises such as telecommunications, transportation, banking and insurance sectors as well as the release of energy foreign investment.

Together with incentive packages like tax deductible, for example, companies with special economic zones (ecozones) refers to only 5% of the total tax rates, and multinational corporations in the form of tax exemptions, such as duty-free import of certain equipment and materials that are just a few reasons why a large percentage increase in the expansion of business in the Philippines.

Philippines strategic location
Philippines is also an ideal venue for companies wishing to reach a huge potential market of ASEAN. The hotel is located in Asia, and within 4 hours of flying all the major capital cities in the Philippines is the gateway of international shipping and airlines should be a critical entry point, more than 500 million people of Southeast Asian Nations (ASEAN) market.

The Philippines is the third largest English-speaking population of the world’s large foreign community, and their growing support structures, of course, holds the American and European companies.

These motivating factors and incentives that are a growing number of international companies to expand their operations in the Philippines, many choosing to set up regional headquarters in the economic centers such as Manila, the capital of Manila, with a very positive influence the Manila hotel market.

The study made a number of factors in a decrease in the fact that the business envirnoment and the Philippines have faced a little more difficult this year, almost a quarter of those with financial constraints and high costs of raising capital.

In addition, three quarters of respondents predicted that the rising cost of living in the Philippines, and 85% predict that the same thing in the Philippines property prices. These factors contribute to the fact that some respondents feared that the Housing Authority to increase the rent and labor costs. Corruption is also a concern for businesses in the Philippines, but the new guidelines of the government and the fairness of their application was in 2011 increased compared to last year.

Regardless of the economy and the rising cost of living (which is only normal for a growing economy if you ask me) Overall, reported 93% satisfaction with all foreign and covers most of the people of his time in the Philippines.

American Chamber of Commerce in Singapore study shows that the vast majority of the participants predicted that the Philippine economy will increase growth in 2011. Respondents also welcomed the Philippines with his own company, where nearly all expect to expand in the Philippines next year. Drivers of this expansion is a potential for growth in the region, increased market penetration and low production costs.

short, research has shown that the majority of respondents, the ASEAN to expand in the coming years, because they have excellent opportunities for business growth as well as ASEAN’s market share grows to see. The study also showed that one third of the expansion and growth takes place in the Philippines.

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