The Aura Dinner

Thanks to its sustained growth and modernisation, the Philippines has managed to attract many large multinational corporations looking to lower their costs and take advantage of competitive domestic wages and a highly educated workforce. Toyota, Intel and IBM have all moved operations to the Philippines thanks to its strategic location in southeast Asia, nestled among high growth nations such as Singapore, Malaysia and China on the mainland.

But despite the many modernisations undertaken by the country, the World Bank and International Finance Corporation (IFC) rank the Philippines in 138th place (out of 185 economies) for ease of doing business, highlighting the importance of local knowledge.

We will be discussing some of the unique challenges faced by multinational corporations in the Philippines and what that means for a multinational currently operating int he country.

• How do international companies ensure that their cultures remain intact while being flexible enough to cater local talent?
• How do retain great talent?
• How do you deal with the “red tape” being implemented for multinational companies in the Philippines?