Doing business in the Philippines 2021
The Philippines' path to recovery
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.
