Hopeful to bring more potential investors
In photo: British Chamber Executive Director and Trustee Chris Nelson promotes the upcoming
virtual event of the year for Europe on 23 March 2021, the “Make It Happen in the Philippines: A Forum on the Philippines’ Role in Your Global Business” in partnership with the Board of Investment and Philippine Trade and Investment Center – London including all the European chambers. The webinar aims to provide the country’s economic forecasts and will highlight the IT-BPM and High-tech manufacturing industries that European companies may consider investing in.
Despite the pandemic, the IT-BPM industry thrives in the Philippines. In 2019, revenue from the IT-BPM industry grew 7.1 percent to $26.3 billion from $24.5 billion in 2018. With the upcoming reduction of CIT tax from 30% to 20%, and the generous incentives for companies bringing in innovative and high-tech products will boost the Philippines as a country of choice for high-tech manufacturing.
Through the years, the Chamber has assisted over 2,600 British companies to do business in the Philippines in close partnership with the UK Department for International Trade. In 2020, the Chamber’s priority sectors are Food & Drink, Retail, Advanced Manufacturing and Business and Consumer Services among others. The British Chamber is hopeful that through the event opportunity will showcase the Philippines as an attractive investment destination.
