Evaluating the market in Philippines

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Business environment in Philippines

With a population exceeding 100 million people, the Philippines is one of the largest markets in Southeast Asia. The country’s economic growth prospects remain positive following strong consumer demand. While the Philippines business environment has improved in recent years, poor infrastructure, bureaucracy and restrictions on foreign equity ownership in certain sectors present challenges for foreign investors. To navigate the complexities of the market, Canadian companies are advised to identify and collaborate with strong local partners, especially with the large local conglomerates that have a lion’s share of the country’s major infrastructure projects.
  • Aerospace
  • Construction & Infrastructure
  • Environmental Infrastructure & Waste Water
  • Food & Beverage
  • Telecom

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Here’s a helpful tip for doing business in the Philippines

As in the west, Filipinos will generally consider it impolite to use your mobile phone during a meeting, but will be forgiving if you’re in extenuating circumstances.

Download our guide on Doing Business in the Philippines

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Karicia Quiroz

Senior Trade Advisor, EDC

Karicia Quiroz  Senior Trade Advisor, EDC