LATEST PUBLICATIONS
WP-2012-07
Regulatory Impact Assessment Adoption Determinants: A Diagnostic Framework
WP-2012-06
Exploring Responses to the Employment Impact of Excise Tax Reform: The Case of the Philippine Tobacco Industry
WP-2012-05
Mapping Out Employment Opportunities in the Cultural Heritage Sector A Strategic Framework
WP-2012-04
Enhancing Decent Work Outcomes in Small-Scale Gold Mining

LATEST AV MATERIALS
PIDS WB 2021-0904
Annual Public Policy Conference Webinar 3: Green And Inclusive Recovery
PIDS WB 2021-0903
Annual Public Policy Conference Webinar 2: Ethical Business
PIDS WB 2021-0902
Opening Program and Annual Public Policy Conference Webinar 1: Resetting Capitalism
PIDS WB 2021-0901
19th Development Policy Research Month Kick-Off Forum
Publication Detail
PJD 2012 Vol. 39 Nos. 1-2d: Investment Liberalization and Facilitation Toward AEC 2015

The paper examines the state of investment liberalization and facilitation in the Philippines and suggests policy measures to enable the country to comply with its ASEAN Economic Community (AEC) 2015 commitments. Based on interviews and surveys, the results indicated that investment incentives, low tax rates, and time/cost of starting a business are critical factors affecting firms` decision to invest in the Philippines. The respondents noted significant improvements in political stability and level of corruption. A great majority of the firms also indicated future expansion of their operations and the ASEAN market as significant factors in their investment decisions.

To face the challenges and take advantage of the opportunities arising from AEC 2015, the paper suggests the unification and centralization of investment promotion and facilitation efforts by all investment promotion agencies (IPAs) under one agency. It is also necessary to strengthen the current efforts of the Philippine Investment Promotion Plan (PIPP) interagency committee to coordinate the various IPAs` actions and plans. To improve the operational environment and investment climate, IPAs should closely collaborate with national agencies and local government units particularly in the automation and streamlining of business procedures. These reforms must be accompanied by substantial increases in infrastructure investment, particularly in power and logistics, to reduce the cost of doing business in the country. A comprehensive review of the constitutional limitations on foreign equity, particularly the 60-40 rule, should also be pursued.



Philippine Institute for Development Studies
Authors Keywords
Aldaba, Rafaelita M.; Philippines; investment facilitation; ASEAN Economic Community (AEC); promotion and liberalization; investment promotion agencies (IPAs);
Download PDF Number of Downloads
Published in 2014 and available in the PIDS Library or Downloaded 1,545 times since June 02, 2014
×
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. Thank you.


To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display)
Age:
Gender:
If Prefer to self-describe, please specify:
Level of Education:
Occupation:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.