Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

EU businesses rank PHL with easiest labor recruitment from abroad among ASEAN-5

Posted on August 23, 2015

By Kris M. Crismundo

MANILA, Aug 23 (PNA) — The Philippines topped among ASEAN-5 in terms of ease of recruiting labor from abroad and sentiment towards the European Union (EU), according to the EU-ASEAN Business Council Business Sentiment Survey 2015.

Malaysia came next to the Philippines in terms of ease of recruiting labor from abroad then followed by Singapore, Thailand, and Indonesia.

In terms of sentiment towards EU, Singapore ranked second; followed by Indonesia at third rank; Malaysia at fourth rank; and Thailand at fifth rank.

The EU businesses ranked the Philippines second among ASEAN-5 in terms of availability of skilled labor.

The country placed third in terms of availability of competitively priced labor; stable government and political system; regulatory regime; provision of government incentives; fiscal structure; and administrative cost for business.

The EU-ASEAN Survey, on the other hand, noted that the Philippines needs more improvement in ease of importing goods and infrastructure which the country ranked fourth while it lagged in terms of prevalence of business-friendly customs procedures.

On the other note, the Survey noted the Philippines is a “relatively competitive business environment” as only 31 percent of the respondents reported that they face unfair competition in the Philippine market compared to 66 percent in ASEAN as a whole.

“This is the first EU-ASEAN Business Sentiment Survey and comes at a time when the commercial relationship between ASEAN and Europe could not be stronger. The latest statistics show that Europe is the largest investor in ASEAN, and is the region’s second largest trading partner,” EU-ASEAN Business Council Chairman Mr François Guibert said.

“The sentiment survey shows that this commercial relationship will become even more important. Over 71 percent of businesses acknowledge that ASEAN has become a more important source of global revenues and 70 percent expect their ASEAN profits to increase in the future. This survey is proof that ASEAN is and will remain one of the most important global drivers of commercial activity,” he added. (PNA)

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme