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Bárbara Apráiz de Encío, Executive Director, Spanish Chamber of Commerce in the Philippines: Interview
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Interview:Bárbara Apráiz de Encío In what ways have personal interactions and networking changed in the business community during the Covid-19 pandemic? BÁRBARA APRÁIZ DE ENCÍO: The Covid-19 pandemic radically changed the way we communicate, both on a personal level and in regards to business relations – not only in the Philippines, but around the world. However, this is particularly…

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Tips and information for travellers to the Philippines
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Health The government declared different levels of lockdowns and social distancing measures to mitigate the impact of the Covid-19 pandemic. As in many countries, the strictness of the measures varies according to the number of confirmed Covid-19 cases at the time. Entry may also be restricted depending on the purpose of the trip. As such, visitors must check the travel conditions and requirements…

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Hotel options around Metro Manila and Baguio, Philippines
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CROWNE PLAZA MANILA GALLERIA Ortigas Ave and Asian Development Bank Ave Quezon City 1100 T: +63 2 8633 7222 www.crowneplaza.com/galleriamanila mnlcp@ihg.com / cpgm.reservations@ihg.com Rooms: 262 rooms, including 40 suites. Rooms are equipped with mini-bar, tea and coffee maker, pillowtop beds, refrigerators and LED televisions. Business & Conference Facilities: 3159 sq metres of space for business…
Interview

Shinichi Kitaoka, President, Japan International Cooperation Agency (JICA): Interview
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Interview:Shinichi Kitaoka How can the Philippines create more favourable conditions for Japanese investment? SHINICHI KITAOKA: Japan is a major source of foreign direct investment in the Philippines and was formerly the country’s second-largest trade partner. With its growing population and relatively inexpensive labour, Japanese companies view the Philippines as a promising investment destination.…
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Carlos Dominguez, Secretary of Finance: Interview
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Interview:Carlos Dominguez To what extent has the country’s fiscal strategy prepared it for the planned P6trn ($119.3bn) worth of borrowings in 2020-21 to address the crisis? CARLOS DOMINGUEZ: The core of our strategy has been to protect both lives and livelihoods. This, of course, comes with significant economic costs at a time when revenue collection is understandably lower because of the…
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President Rodrigo Roa Duterte: Interview
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Interview: Rodrigo Roa Duterte To what extent has legislation been utilised over the course of 2020 to mitigate the economic and social impact of the Covid-19 pandemic? RODRIGO ROA DUTERTE: The P165.5bn ($3.3bn) Bayanihan to Recover as One Act, or Bayanihan 2, was signed in September 2020 to fund the pandemic response and recovery. A significant portion of this package went to financing the Covid-19…
Interview

Kelvin Ang, CEO, AIA Philam Life: Interview
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Interview: Kelvin Ang How would you assess the pace of digital transformation in the Philippines’ insurance sector? KELVIN ANG: Several factors are shaping the digital transformation of the insurance industry, including the maturity of the economy and the sector itself; customer sophistication; and evolving regulations. Most companies in the market are focused on embracing digital tools and technology,…
Interview

Sanjiv Vohra, President and CEO, Security Bank: Interview
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Interview: Sanjiv Vohra Which factors help banks alleviate the economic implications of the pandemic? SANJIV VOHRA: Banks have the necessary liquidity, capital and reserve ratios mandated by the central bank, Bangko Sentral ng Pilipinas (BSP), to provide finance to businesses throughout the economy. Importantly, the financial system is more resilient and reacted quicker to Covid-19 than to previous…
Interview

Benjamin E Diokno, Governor, Bangko Sentral ng Pilipinas (BSP): Interview
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Interview:Benjamin E Diokno What is your assessment of the BSP’s ability to mitigate the economic challenges brought about by the pandemic and facilitate recovery? BENJAMIN DIOKNO: With inflation well within the target range of 2-4% and the policy rate at 2.25%, the BSP continues to have ample room to utilise monetary tools to address the economic implications of the pandemic. Our latest…
Interview

Ramon M Lopez, Secretary of Trade and Industry: Interview
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Interview:Ramon M Lopez What will be the impact of amendments to the key laws regulating foreign investment, and how can they be further improved? RAMON M LOPEZ: The amendments to the Public Service Act, Foreign Investment Act and Retail Trade Liberalisation Act aim to create a more enabling policy environment for investment inflows into the country. The amendments were implemented with the…