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OECD Investment Policy Reviews: Philippines 2016

image of OECD Investment Policy Reviews: Philippines 2016

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.

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Philippine reform environment: Successes and challenges

This chapter describes major sectoral reforms since the late 1980s and their impact on the overall enabling environment for investment. It then reviews trends in foreign direct investment in the Philippines using a variety of data sources from home and host countries, approvals data and crossborder mergers and acquisitions to provide a full picture of foreign investment patterns. It then looks at key policy reforms covering foreign investment and benchmarks the remaining restrictions against those in other countries.

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