On July 15, President Benigno Simeon “Noynoy” Aquino III signed the Republic Act (RA) No. 10641, upgrading the operations of Foreign Banks from 60% to 100%. The upcoming ASEAN Economic Integration scheduled for 2015 prompted Malacañang to permit total participation of foreign banks in the country.  “Let’s think about the reality that we’re moving toward …

We, at the British Chamber of Commerce Philippines, are delighted to announce that the BCCP is the largest European national chamber of commerce in the Philippines with a total of 216 members as of the 4th of August 2014. This figure highlights the strong relationship between the UK and Philippine business groups in the country. …

In a drive to stimulate inclusive growth and create jobs, the Aquino administration has urged private investors to be part of future major infrastructure projects. Public Works and Highways Secretary Rogelio Singson said planned spending on infrastructure would be raised to P800 billion in 2016. The Philippine Government is looking for interested investors from the private sector to …

Owing to a huge economic boost and a budding labour force in the past few years, Philippine franchise groups are being approached by global companies to bring in sixty international brands into the Philippinesaccording to Philippine Franchisers Association (PFA) Chairman, Emeritus Samie Lim. Global brands which are based across the world, including the United Kingdom are …

The Philippines is one of 15 countries selected by the UK Government to receive funding from The Newton Fund. The Newton Fund aims to nurture the UK’s partnerships with developing countries on the advancement of science and technology through collaboration on science and technology projects. This exciting five-year partnership between the UK and the Philippines will begin in July 2014 and …

A number of British energy companies from the United Kingdom accompanied George Freeman MP, and Trade Envoy to the Philippines during his visit last June 17-18 to explore potential opportunities in the energy sector. During a conference held by the Philippine Government’s Department of Energy, George Freeman championed the sector with the notion that the UK is …

Russell Hobbs, a popular British brand is aiming to achieve a double-digit growth in sales in the Philippine market over a three-year period. Local distributor, Tocoms Philippines is targeting growth in sales of at least 10% for Russell Hobbs by 2017. Rising sales are driven by the strong purchasing power of the young segment of …