The Philippines will once again be host to an international event that will see delegates from different countries coming here next month. The event is called the Philippine MICE Conference (MICE stands for meetings, incentives, conventions and exhibitions) and it will be attended to by different tourism leaders worldwide.  It will be held at the [...]

Our local animators have already proven themselves in the international arena, and their works have sought by many big international animation film companies. Now, they are hoping that Filipino animators would gain an even bigger spot on the world animation map.
The Animation Council of the Philippines Inc. (ACPI) is advocating “creative process outsourcing” CPO and [...]

A new production in its Cagayan De Oro plant will be put up by the Pepsi-Cola Product Philippines, Inc. The company has allotted P350 million for the new plant. The new production line, according to Pepsi’s disclosure to the Philippine Stock Exchange (PSE), is intended to boost the company’s capacity and further bolster its position [...]

The pension fund provider for private companies’ employees, Social Security System, said it has extended so far a total of P1.2 billion in loans micro, small and medium enterprises. The agency provided the said grants under a credit implemented by government financial institutions.

The Civil Aviation Authority of the Philippines (CAAP), a government agency mandated to keep aviation facilities safe from structural obstruction near international airport, recently approved the applications of new investors to construct 32 buildings near the Diosdado Macapagal International Airport (DMIA) inside Clark Special Economic (CZES).

Iloilo will be having its 4th Iloilo Information Technology (IT) Week on September 28 to 30. On that week, jobs and business prospects in the field of Information and Communication Technology (ICT) industry will be highlighted.

Call Design, an Australian-based outsourcing firm is looking to make the Philippines its central hub in delivering contact services to its clients all over the world. Specializing in contact center technologies, Call Design announced it entered into a deal with local outsourcing firm Transcom, which currently employs 4,000 workers in Manila and Bacolod.

A $1-billion international business process outsourcing (BPO) firm is in the offing and this will happen right here in the Philippines. It will be made possible when the Ayala-backed eTelecare Global Solutions, Inc. and Stream Global Services, Inc. combined forces to form the giant BPO firm that will hire 30,000 workers.

The Subic Bay Metropolitan Authority (SBMA) has given the Subic Bay Integrated Fisheries and Aquatic Resource Management Council (SB-IFARMC) a P4 million fund for its various activities which are meant to balance the industrial thrust of Subic Bay port. SB-IFARMC is a group formed to promote the sustainable development of the bay of Subic.

Under the law, certain individuals may be granted duty tax privileges. The Executive Order No. 206 (EO 206) has amended the Section 105 of the Tariff and Customs Code of the Philippines. EO 206 provides duty and tax free privileges to returning residents, overseas Filipino workers (OFW), former Filipino or the Balikbayans. The extent of [...]

Importation is the commercial activity of bringing into the country products or services coming from other countries. As importing products or services can be of help to the country, the Philippines has established its own rules and regulations in terms of importation to protect the interest of its people and its economy.
Upon every importation, all [...]

Getting vital information about a prospective buyer can be beneficial to the exporter. Background checking is a type of investigation where information about prospective buyers is gathered. It is important to conduct background checking prior to engaging into a contract to ensure that the client is capable of doing the business with and to prevent [...]

To identify the foreign markets that offer the best potential for a product to be exported, a research about the market is necessary. Firms that are just new to the exporting industries should consider the demographic and physical environment as well as the political, social, and cultural environment of the targeted market. The market accessibility, [...]

Engaging in exporting is beneficial not only to ones firm but to the country as well. Being familiar with the process and documentation requirements in the export industry is necessary for a firm to ensure smooth flow of transactions.
The very first step in venturing into the export industry is identifying and reaching for foreign buyers. [...]

Exporting a product provides a lot of opportunities and advantages to local enterprise. Unfortunately, the brilliant opportunities that the worldwide marketplace offers are not being taken advantage of by many firms. Compare to the earlier forms of trades, opportunities for exporting a business have been extraordinarily created nowadays with the massive restructuring of political boundaries, [...]

For a foreign investment to qualify for incentives granted by the Board of Investment it must:
a. have preferred areas of investment which is listed in the current Investment Priorities Plan (IPP)
b. engaged in preferred areas that are non-pioneer and 70% of their output are being exported
c. Be put up in less developed areas.
Two copies form prescribed by the [...]

In order to be able to put up a business in the Philippines, necessary certifications and licenses must be obtained. Business corporations and partnerships within the country must be registered under the Securities and Exchange Commission or SEC. This also includes those foreign corporations with license to engage in business or to put up branch [...]

A common problem that an entrepreneur faces is where to search for funds that will finance their projects. This is especially in times when the project is a multimillion one.
Financing your projects through foreign borrowings may be possible if your project is export oriented, BOI-registered, listed in the Investments Priorities Plan, listed in the Medium-Term [...]

A lot of business minded people wanted to know about some information regarding putting up investment in the Philippines. These questions often come from entrepreneurs who have tied up with foreign investors. This article aims to clarify some frequently asked question about joint ventures in the Philippines such as:
• Up to what percent of its equity [...]

Inward remittance outside of the banking system of foreign investment funds is allowed. Though, with the Securities and Exchange Commission (SEC) and Bangko Sentral ng Pilipinas (BSP), the said fund is not possible to be registered as foreign equity investment. As a result, with the use of foreign exchange sourced outside of the domestic banking [...]