Doing business in the Philippines 2021
The Philippines' path to recovery
More than a year into the pandemic, the Philippine government is seeing green shoots of recovery due to easing restrictions and ongoing vaccination programs. In this edition of Doing business in the Philippines, we look at these areas of great potential as the country reopens its doors to investors.
In this edition, we have included the key legislative and regulatory
developments that have been enacted as a response to the pandemic,
particularly those designed to improve the local investment landscape, such
as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act – a
time-bound package of corporate and tax reforms designed to mitigate the
impact of the pandemic on foreign and domestic companies.
We focus on the sectors that have been most affected – positively and negatively – by this pandemic and the relevant forecasts as the country moves towards recovery. We take a look at the local M&A scene, which was much dampened by the pandemic but still managed to generate some valuable deals, and we give an update on the current administration’s signature Build, Build, Build infrastructure program.