By Alithea De Jesus
With the growing interests of the UK companies in the retail business in the Philippines, the British Chamber hosted an event with over 90 participants including many UK companies showing interest in the sector. The guest speakers featured were Steve Sy from Great Deals E-Commerce Corp. and Atty. Maria Carmela Peralta from KPMG Philippines.
Interestingly, E-Commerce has grown double in recent months and is expected to continue growing in the coming months, bringing great potential and opportunities for UK companies. Also discussed during the online retail event of BCCP was the regulatory developments in digital taxation focusing on online transactions which has become a hot topic amongst the online entrepreneurs in the country at the start of the COVID19 pandemic in the country wherein many businesses had to close down, some permanently while others temporarily.
The British Chamber highlighted opportunities in e-commerce in line with its efforts to promote trade and investment between the UK and the Philippines. The Chamber continues to work for the swift passage of the amendments to the Retail Trade Liberalization Act.