The pharmaceutical industry in the Philippines is growing in demand for affordable yet effective medicines. The country’s large population and continuous economic growth made it one of the most attractive pharmaceutical markets in the ASEAN region.
Doing Business in the Philippines
Business in the Philippines has remained strong and resilient over the years, making the country one of the fastest-growing economies in the ASEAN region.
Starting a business can be both exciting and overwhelming, especially for first-time entrepreneurs. That said, it is common for first-time entrepreneurs to overlook certain aspects of business operations, leading to unwanted consequences for their business.
The COVID-19 pandemic is not only a health crisis, it is also a corporate crisis posing heightened uncertainties on the future of many businesses around the world. And as it develops, many companies are reviewing their business strategies and looking for new market opportunities to battle its negative effects on their business.
To boost global competitiveness and attract more local and foreign entrepreneurs, the government of the Philippines passed the Ease of Doing Business Act of 2018 (Republic Act 11032) on May 28, 2018.
Atty. Amanda Carpo, Country Head of InCorp’s subsidiary company in the Philippines, Kittelson & Carpo Consulting, and Mr. Eric Chin, Group Head of Business Development of In.Corp Group, took part as speakers in the event, “Doing Business in the Philippines: Regulations, Law, and Taxes and Policies”.
Atty. Amanda Carpo, Country Head of InCorp Group’s subsidiary company in the Philippines, Kittelson & Carpo Consulting, will participate as speaker in a seminar entitled “The Philippines’ Consumer Economy: An Overview of the Philippine Market, its Consumer Landscape and Opportunities Available for Singaporean Companies”.
The Philippines, being a rapidly developing country, have cities that act as its engines of growth. If the urban-growth is well-organized and executed properly, the cities can help increase the regional innovation, economic growth, and prosperity.
The term ‘location, location, location,’ applies to where you decide to put your office. Metro Manila, the capital of the Philippines is home to several business districts: Makati, Bonifacio Global City, and Ortigas being the main hubs.
Department of Trade & Industry (DTI) – This is the government agency where single proprietorship enterprises register and secure its certificate of registration.