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Thursday, February 20, 2020

How to create “More Fun” in the Philippines this 2020


Wazzup Pilipinas!

Anyoung haseyo, Hěn gāoxìng rènshì nǐ.
Hey! You’re here, too?
Mabuhay! Welcome to the 7, 107 islands of the Philippines!

If you pass by people talking in four different languages like this, you might be shaking your head. How could they understand each other, right?
But no worries, in the Philippines, it is possible.
Filipino can easily adapt to your languages.

Akin to their culture of being hospitable is their ability to adjust their speaking language based on who the visitor is.

And in case they fail with their mouth talking, their emotionally-driven sign language and their smiles will surely save you away from misunderstanding. Indeed, it is more fun in the Philippines!

Sustainable tourism is the main objective of the refreshed “More Fun” campaign of the Department of Tourism (DOT).

This means tourism that strikes for balance in the ability to generate a good economy while preserving the culture and the environment.

With the 7.1 million foreign visitors recorded in 2018, this sounds like a positive investment.

The Philippines continues to gain winning streaks in the tourism industry.

Recently, it earned the 8th spot on the 20 Most Favorite Countries in the World of the Condé Nast Traveler (CNT) Readers’ Choice Awards with 90.63 score.

Bloggers around the world continue to share how much they love staying in the Philippines.

According to Statista.com, the average stay of visitors in the Philippines is about nine nights. This is enough to make them decide if they will go back again or invest in the country.

If you have not visited the Philippines and are torn in your decisions due to negative news in the international scene, the next section is for you.

We have sourced out the top five reasons why you should include the Philippines in your business plans this 2020.

1.               People

A warm smile to greet you every day. This is one of your best perks of choosing to stay in the country.  Filipinos are popular with their hospitable way of welcoming foreigners. Not a day will pass that you will not see a Filipino smiling at you. The steadfastness of the people amidst adversities brings positivity at work.

Filipinos demonstrate strong family ties. The love for their families extends at work as they mostly value colleagues like their own family. Whatever work calls for them, they give their hundred percent to complete it. They find a way to help their teammates, too. These traits are essential to building a solid workforce.

Filipinos also pride themselves on their flexibility in adapting to other’s cultures and languages. English is the second language in the country coming from the era of US influence during the World War years. Although there has been a reported decline in English proficiency, the Philippines still joins the Top 20 of the 2019 English Proficiency Index released this October with its 60.14 high proficiency grade.

With global economic progress, Filipinos prove even more how well they can play on the battlefield. Popular among youth nowadays is a mix of Korean, Japanese, and Chinese influences.

2.               Strategic Location

The Philippines is strategically in the heart of Asia. It opens avenues for both the Asian and Western countries in any transportation and communications channels. It has been the trade and travel landmark in world history, and probably one reason why the Philippines is known as the melting pot of cultures. No wonder this country has a rich culture.

3.               Low Cost of Living

Got a $100,000 - $200,000? Pack your bag and go to the Philippines! Live like a Filipino, and you’re on your best 10 years of freedom and fun. A lot of blogs say that retiring in the Philippines is one of their best decisions. With over 7, 107 islands to enjoy, warm people, and tropical days, who wouldn’t agree? In fact, there are 64, 512 foreign retirees in the Philippines according to the Philippine Retirement Authority (PRA).

The cost of living in the Philippines will highly depend on whether you are in urban or rural areas. You can live comfortably with $1,000 in the province outside the city center. While in the metro, set a budget from $2,000-$5,000 to enjoy the weekend fun with your family or friends.

4.               Business Provisions

        The Philippine government has been aggressive in pursuing foreign investments to grow the economy. Two notable policies which align with foreign policies are the Republic Act (RA) No. 11232, and the Executive Order (EO) No. 65.

The RA 11232 was released in February 2019 to facilitate the ease of doing business. It embodies the changes in the legal framework for the registration and operation of private corporations in the Philippines.

In October 2018, EO 65 was signed to allow a new list of investment areas and activities where foreigners can own it 100%. These are:
(1)      internet business (access providers not content creators),
(2)      teaching at higher education levels, provided the subject being taught is not a professional subject (included in bar or board examination),
(3)      training centers engaged in short-term, high-level skills development not part of the formal education system,
(4)      lending companies, financing companies, and investment house, adjustment companies, and
(5)      wellness centers

Other business provisions for foreign equity are also included in EO 65.

These are only a few of the business guidelines in the Philippines.

Foreign investors are also enjoying the economic zone accreditation for tax incentives. Check the policies with your legal group to meet the compliance requirement.

Should you decide to establish a business in the Philippines but requires a place to stay tha’s within the metropolitan area, you can rent or buy the best property in Philippines with the help of Property Online Philippines. To attract good fortune and better opportunities for your business, there are also Feng Shui experts which can consult for your commercial or residential property.

5.               Amazing Tourism

The “More Fun” campaign was successful in drawing more visitors each year in the Philippines. There has been a steady growth in the tourism statistics, with Koreans retaining the top list this 2019.

From pristine beaches to the popularly revived Boracay island, you will never run out of adventures.

The Philippines offers a wide variety of experiences. Have a taste of delicious and exotic food in every place.

There is the famous lechon from Cebu, adobo, kare-kare with bagoong, sinigang, kinilaw, tapsilog, halo-halo, and to complete the list, get your taste bud ready for balut! Awesome feast, dancing, and singing await you on each island.

The list is as endless as your imagination can think of. You can have it on land, via seas and rivers, or up into the air. The Philippines got it all to make your stay unforgettable.

The Philippine government is putting its trust in the investment reasons cited. An Investment Portfolio has been initiated to encourage the participation of foreign investors in raising the socio-economic status of the nation. Check out this page if you would you like to be part of it.

References:
·         https://www.rappler.com/business/221918-philippines-2019-more-fun-slogan-focus-sustainable-tourism
·         https://en.m.wikipedia.org/wiki/Tourism_in_the_Philippines
·         https://www.philstar.com/headlines/2019/11/09/1967250/tourist-arrivals-hit-6-million-q3
·         https://www.statista.com/statistics/1053935/philippines-average-length-of-stay-by-foreign-tourists/
·         https://owlcation.com/social-sciences/Filipino-Traits-and-Characteristics
·         https://www.7stonesboracay.com/15-filipino-traits-that-make-the-philippines-fun-to-visit/
·         https://cyrusdiaz88.wordpress.com/2018/09/06/reasons-why-filipinos-english-proficiency-is-gradually-deteriorating/
·         https://www.msn.com/en-ph/news/national/pinoys-losing-edge-in-english-proficiency/ar-BBVCnLY
·         https://en.wikipedia.org/wiki/EF_English_Proficiency_Index
·         https://travelandculture.expertscolumn.com/advantage-and-disadvantage-philippines-geographical-location
·         https://prezi.com/zrirwov21wcj/location-of-the-philippines-and-its-significance/
·         https://en.wikipedia.org/wiki/Melting_pot
·         https://www.schumachercargo.com/retire-philippines-100000/
·       https://www.scmp.com/lifestyle/travel-leisure/article/3023446/retirement-philippines-why-its-attractive-and-four-places
·         https://www.rappler.com/business/215642-40-percent-foreign-ownership-public-works-foreign-investment-negative-list
·         https://www.philembassy.no/doing-business/revised-corporation-code-of-the-philippines
·         http://www.tourism.gov.ph/


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