This review assesses the overall investment climate in the Philippines, looking at
investment policy, investment promotion and facilitation, competition policy, infrastructure
investment and responsible business conduct. The Review documents successful reform
episodes over the past 25 years in the Philippines, assesses their impact and suggests
areas for further reforms. It looks at how to raise investment levels by both foreign
and domestic enterprises and at how to ensure that such investment contributes to
sustainable and inclusive growth. The current macroeconomic situation in the Philippines
is favourable, remittances are high, the business process outsource industry is booming,
and the new Competition Act will help to make the domestic market more competitive.
The Review argues for one further reform push to ease the many restrictions on foreign
investors in the Philippines so as to provide an investment climate where all firms
can invest and grow.
These country reports present an overview of investment trends and policies in the countries reviewed. This can include investment policy, investment promotion and facilitation, infrastructure, competition policy, trade policy, tax policy, corporate governance, responsible business conduct, public governance, and human resources. Priority countries for review are those showing potential for adherence to the OECD investment instruments.