2. Country Profile
•Republic of the Philippines
•Capital: Manila
•Population 102.5 million
•Area 300,000 sq km (115,831 sq miles)
•Major languages Filipino, English
•Major religion Christianity
•Life expectancy 66 years (men), 73 years (women)
•Currency Philippine peso
10. Independence Day
• Since 1962, it has been the country's National Day.
• Is an annual national holiday in the Philippines.
• observed on June 12
• commemorating the Philippine Declaration of Independence from Spain
on June 12, 1898.
38. Top 10 Import Products
Iron and steel Cereals
Food waste, animal fodder Pharmaceuticals
39.
40. 10Tips in Doing Business in the Philippines
Tip 1
• The result a unique cultural mix of Asian and Western.
• Presents the overseas business visitor with a host of seemingly conflicting characteristics.
41. 10Tips in Doing Business in the Philippines
Tip 2
• Asian concepts
• The importance of the preservation of face coexist
• Latin characteristics as male machismo and the need to seek revenge for
any perceived personal slights.
42. 10Tips in Doing Business in the Philippines
Tip 3
• Most Filipino companies are hierarchically structured
• Local employees would look to a strong hierarchy as the sign of a well-run
organisation.
43. 10Tips in Doing Business in the Philippines
Tip 4
• As companies tend to be hierarchical and family-run.
• Decision making tends to be located with a few senior managers.
44. 10Tips in Doing Business in the Philippines
Tip 5
Expect a good level of education and professional competence from the local
managerial cadre working at the middle levels of Filipino companies.
Tip 6
Develop contacts at all levels of an organisation - at the top for decision making
purposes, and lower down for when projects begin.
Tip 7
Managers are expected to manage and make decisions. These decisions will then
be communicated to subordinates who are expected to comply with requests.
45. 10Tips in Doing Business in the Philippines
Tip 8
• Instructions should be given clearly and in detail.
• People will do what is asked of them but may be unwilling to second-guess
the unspoken requests of a superior.
• Do not expect too much individual initiative.
46. 10Tips in Doing Business in the Philippines
Tip 9
Meetings can seem quite relaxed with time keeping being less rigidly adhered to
than in many other cultures. Meetings can start up to one hour late.
47. 10Tips in Doing Business in the Philippines
Tip 10
• Relationship building is very important in the Philippines
• All meetings will start with the obligatory small talk to re-establish contact.
• Do not try to rush this part of the meeting.
49. Challenges in Doing Business
Dealing with Construction Permits
• 29 procedures
• Taking 84 days
50. Challenges in Doing Business
Registering Property
• Takes 39 days
• There are eight procedures to complete in total
51. Challenges in Doing Business
Getting Credit and Protecting Investors
The Philippines ranks poorly on all indices tracked by the World Bank and IFC for
ease of getting credit
52. Challenges in Doing Business
Paying Taxes
• 47 tax payments
• Rate of 30% - and VAT
Trading Across Borders
• The Philippines is reliant on international trade.
• Cost of exporting and importing is therefore relatively cheap.
• The time required to move goods is well above the OECD average.
53. Challenges in Doing Business
Enforcing Contracts
• Takes an average of 842 days (2.3 years)
• There is a total of 37 procedures
54. Difference between Thai and Philippines culture
Thailand is the Land of Smiles The Philippines is the Land of Laughs
60. Power Distance
• At a score of 94
• The Philippines is a hierarchical
society.
• People accept a hierarchical .
• Centralization is popular.
• Boss is a benevolent autocrat.
61. Individualism
• The Philippines, with a score of
32.
• Collectivistic society.
• Group.
• Societal rules and regulations.
• Employer/employee relationships
are perceived in moral terms (like
a family link)
• Hiring and promotion decisions
take account of the employee’s in-
group.
• Management is the management
62. Masculinity
• The Philippines scores 64 on
this dimension.
• Masculine society.
• “live in order to work”
• Managers are expected to be
decisive and assertive.
• The emphasis is on equity,
competition and performance
and conflicts.
• Resolved by fighting them out.
63. Uncertainty Avoidance
• The Philippines scores 44 on this
dimension
• Low preference for avoiding
uncertainty.
• Accept risks of the unknown
• People believe there should be no
more rules than are necessary .
• If they are ambiguous or do not
work they should be abandoned
or changed.
• Schedules are flexible.
• Hard work is undertaken when
necessary but not for its own
64. Long Term Orientation
• A very low score of 27
• Normative / conventional
• Absolute Truth.
• Short term view
• Focus on achieving quick results.
65. Indulgence
• With a low score of 42
• Restraint.
• Strong control over their impulses
• Lower importance of leisure
• Restrained societies do not put much
emphasis on time and control the gratification
of their desires.
• Restrained by social norms and feel that
indulging themselves is somewhat wrong.
66. Conclusion
The Philippines is the country that has a lot of island.
They are the mix between Asian and Western cultures.
Most corrupt country in Asian.
English is also the official language.
The Philippines is the Land of Laughs.
