The speakers discussed the opportunities available for Singapore-based companies in the region, specifically in the Philippines, in light of the recently released Singapore Budget.
2018 ended on a strong note for the Philippines, with Q4 2018’s average Purchasing Manager’s Index posting the strongest quarterly result of the year.
By 2020, only 5 per cent of the Philippines labor force would be over 65 years of age, making the Philippines’ population one of the youngest in Asia. With a 96 per cent literacy rate, the vast bulk of the population has a high level of English proficiency.
With the implementation of the Comprehensive Tax Reform Program (CTRP), Corporate Income Tax would be gradually reduced from 30 per cent to 25 per cent. In 2020, the digital population is expected to reach over 100 million and the electronics industry is expected to be worth USD250 million.
In the next 5 years, USD158 billion is expected to be invested as part of the “Build, Build, Build” program and the Philippines’ effort to modernize infrastructure via 75 flagship programs.
Tourism is a key industry, contributing 10 per cent to the Philippines’ GDP while supporting 9 million jobs. The Philippines is planning to liberalize its visa policies to attract more tourists.
The Philippines is also implementing tax reform. A branch of a foreign owned company is taxable only on the income sourced in the Philippines. The proposed tax reform would reduce the corporate income tax from 30 per cent to 25 percent.
For the 7th year in a row, the Philippines’ economy has persistently grown more than 6 per cent a year. With the implementation of correct strategies, investment in the Philippines could well be profitable for Singapore-based companies.
US President Donald Trump Photo: REUTERS WASHINGTON: S President Donald Trump sa [ ... ]
Two boys, part of a group of Hungarians visiting a mosque to learn about the Muslim [ ... ]
A photograph taken on November 5, 2015, shows volunteers of a cow protection vigilan [ ... ]
The WhatsApp messaging application is seen on a phone screen August 3, 2017. PHOTO: [ ... ]
PHOTO: AFP The divisional commander and nephew of the chief of Jaish-e-Mohammad, w [ ... ]
Page also said that he had proposed in May 2016 that Donald Trump travel to Russia t [ ... ]
An investor gestures as he monitors a screen displaying stock information in Riyadh, [ ... ]
PHOTO: EXPRESS MUZAFFARABAD: ommander 10 Corps Lieutenant General Nadeem Raza, o [ ... ]
US President Donald Trump and South Korea’s President Moon Jae-in shake hands duri [ ... ]
People are silhouetted against a backdrop projected with the picture of various curr [ ... ]
All depts given 10 days to submit their list of vacant posts. PHOTO: FILE ISLAMAB [ ... ]
PHOTO: PPI KARACHI: n accountability court reserved judgment on Monday on an app [ ... ]
Officer had been beaten up by protesters in 2014, was later suspended by govt. PHOTO [ ... ]
ISLAMABAD: t seems like multiple marches on the capital and massive protests thr [ ... ]
PML-N leadership continues to woo PPP support. PHOTO: ONLINE ISLAMABAD: t a [ ... ]
Child receives polio vaccination drops PHOTO: REUTERS LAHORE: unjab Primary and [ ... ]
Three-day conference on Iqbal commences. PHOTO: FILE ISLAMABAD: llama Iqbal rais [ ... ]
Foreign Minister Ahsan Iqbal. PHOTO: EXPRESS/FILE PESHAWAR: akistan’s economic [ ... ]
Last week, the Judicial Commission of Pakistan approved the elevation of eight judg [ ... ]
Bilawal Abro says the authority is working to eradicate adulteration and ensure food [ ... ]
EXPRESS NEWS SCREEN GRAB ATTOCK: akistan Tehreek-e-Insaf (PTI) Chairman Imran Kh [ ... ]
Just hours after the death of Mansour bin Muqrin, the son of former Saudi crown pr [ ... ]
Two men open fire on their wives and alleged paramours in separate incidents. PHOTO: [ ... ]
Iranian President Hassan Rowhani greets Army Chief General Qamar Javed Bajwa in Tehr [ ... ]
Three persons have also been apprehended along with the vehicle where the arms and a [ ... ]
Hira Akbar. PHOTO: Express SWAT: ourteen-year-old Hira Akbar has become the sec [ ... ]
PHOTO: File Leader of the Opposition in the National Assembly Khursheed Shah said [ ... ]
Traditional folk artists perform during the 274th urs of Shah Abdul Latif Bhitai. PH [ ... ]
The two male lions at the Masai Mara and Dr Ezekiel Mutua. PHOTO COURTESY: Nairobi T [ ... ]
PHOTO: AFP MARSEILLE: arseille said on Friday they had opened an inquiry after d [ ... ]
LAHORE: t is ironical to see that the same members of the provincial assembly of [ ... ]
KARACHI: he stock market hit a roadblock again on Thursday as investors failed to carr [ ... ]
Kate was treated last month for a severe form of pregnancy sickness. PHOTO: REUTERS [ ... ]
Islamabad High Court (IHC) Justice Shaukat Aziz Siddiqui. PHOTO: MUHAMMAD JAVAID I [ ... ]
North Korea, known for its florid insults, has described US President Donald Trump a [ ... ]
An Uber sign is seen in a car in New York, U.S. June 30, 2015 PHOTO: REUTERS Far-r [ ... ]
Outside the arcane world of finance reporting few will have been following the tal [ ... ]
In the first palpable sign that it is willing to accept the ineligibility of Nawaz [ ... ]
PHOTO: PPI QUETTA: nior Superintendent Police of Traffic Nazeer Kurd said on [ ... ]
Supreme Court of Pakistan. PHOTO: AFP/FILE ISLAMABAD: he National Party, an ally [ ... ]
The authority will incur up to Rs1 million in losses. PHOTO: EXPRESS ISLAMABAD: [ ... ]
PHOTO: AFP Questions regarding who earns what in cricket and who is the highest pa [ ... ]
PHOTO: FILE ISLAMABAD: he Employees Old-age Benefits Institution (EOBI) has cut [ ... ]
PHOTO: MQM-P Rejecting the results of the 2017 census, Muttahida Qaumi Movement-Pa [ ... ]
Representational image of a disabled person in a wheel chair. PHOTO: REUTERS LAHOR [ ... ]
According to the National Nutrition Survey, nearly 40 per cent of the children in S [ ... ]
PHOTO: FILE Atif Aslam’s jdar-e-Haram opened the eighth season of Coke Stu [ ... ]
That water is a critical resource for Pakistan and for all countries in the world [ ... ]
PHOTO: AFP BEIJING: hina wants Pakistan to seize the opportunity provided by CPE [ ... ]
The writer is a development anthropologist. He teaches at George Washington Universi [ ... ]
The head of the Russian foreign ministry's security and disarmament department Mikha [ ... ]
ISPR says suspects were involved in recent terror activities in Punjab. PHOTO:: EXPR [ ... ]
DPO vows fair probe of incident. PHOTO: FILE ABBOTTABAD: plastic surgeon who wa [ ... ]
Advisor to CM says they will try to resolve the issue within a week. PHOTO: FILE P [ ... ]
Iqbal Zafar Jhagra says police need to adapt to the changing scenario. PHOTO: FILE [ ... ]
KARACHI: he Sindh and federal government are embroiled in Pakistan Steel Mills’ land [ ... ]