For foreigners, working is more fun in PH

Apparently, even U.S. business executives think it's more fun in the Philippines.

Expatriates currently working in the Philippines seem to be enjoying their stay here, results of the US Chamber of Commerce's latest Association of Southeast Asian Nations (ASEAN) Business Outlook Survey showed.

Surveyed American firms operating in the Philippines answered yes when asked: "Are your expatriate employees generally satisfied with their assignments in your response location?"

The 100-percent score is an increase from 93 percent in 2011 and 86 percent in 2010.

Other Southeast Asian countries also had generally high scores, with the regional average pegged at 96 percent. Aside from the Philippines, Malaysia also got a score of 100 percent in the said indicator.

A growing number of employees in American companies also want to be transferred to the Philippines.

Results of the survey showed that two out of five (40 percent) locally operating American firms said they regularly receive requests from employees based on other locations to work in the Philippines.

This is an increase from 21 percent in 2011 and 15 percent in 2010.

The Philippines got the third highest response in "expatriate assignment satisfaction" within the region, even as it remained below the regional average of 51 percent. It was topped only by Singapore, 75 percent and Malaysia, 40 percent.

More and more employees also want to stay in the Philippines longer, the survey showed further.

Nearly four out of five (79 percent) of firms said surveyed their employees "attempt to extend their time" working here.

This is higher than the country's score of 77 percent in 2011 and 71 percent in 2010.

The country posted the third highest score in this indicator compared to other countries in Southeast Asia, following Singapore (85 percent) and Malaysia (83 percent).

The expatriates' positive sentiment toward ASEAN countries, along with other indicators, means that "the outlook for investment opportunities in ASEAN is good across the region," the US Chamber of Commerce said.

Positive outlooks were expressed by 92 percent of respondents, while 70 percent plan to expand their business in ASEAN.

"Expansion is expected to continue region-wide," the group noted.

In the Philippines alone, 92 percent of respondents "maintain a positive outlook for the ASEAN region as an investment opportunity for their companies."

The country's strengths include its positive relations with the US, availability of skilled manpower, low cost of labor and office lease costs.

Corruption, meanwhile, remains a major concern for American investors.

Also deterring investments are strict laws and regulations, inefficient customs procedures and lack of infrastructure.

Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Mercy pleas for Indonesia death row inmates as families arrive
    Mercy pleas for Indonesia death row inmates as families arrive

    Families of foreign drug convicts set to be hauled before the firing squad in Indonesia issued desperate mercy pleas on Saturday, as France warned of "diplomatic consequences" if one of its nationals is executed. Consular officials and relatives were arriving at a town near Nusakambangan, the high-security prison island where Indonesian executions are carried out, and where all of the death row convicts are now congregated. The foreigners -- two from Australia, one each from Brazil, France …

  • United States seeks access to Philippine bases as part of Asia pivot
    United States seeks access to Philippine bases as part of Asia pivot

    The United States has asked for access to Philippine military bases in eight locations to rotate troops, aircraft, and ships as Washington shifts its forces to Asia and as China expands its military presence in the South China Sea. U.S. Defense Secretary Ash Carter, in a speech in Arizona, has outlined Washington's next phase in its Asia "pivot", deploying its most sophisticated destroyers, bombers and fighters to the region. The Asia "pivot" has already seen U.S. Marines rotating through the …

  • China's island-building to loom large at SE Asia summit
    China's island-building to loom large at SE Asia summit

    China's creation of new island footholds in contested seas will hover over a Southeast Asian summit that has become an annual test of the region's nerve in standing up to its massive neighbour. The South China Sea hot potato drops this year into Malaysia's lap as the rotating chair of the 10 member Association of Southeast Asian Nations (ASEAN) and host of Monday's meeting. ASEAN states Vietnam, the Philippines, Malaysia and Brunei claim parts of the strategic South China Sea, but Beijing …

  • Philippines, China trade accusations over sea threats

    MANILA, Philippines (AP) — The Philippines accused China of aggressive maneuvers against its reconnaissance plane and fishermen in disputed seas where Beijing has stepped up construction of artificial islands, but China reiterated its claim on the strategic waterways. …

  • Indonesia orders execution of Mary Jane, 9 others
    Indonesia orders execution of Mary Jane, 9 others

    Indonesia has ordered preparations for the execution of 10 drug convicts, including Filipina Mary Jane Veloso, as the Philippine government filed yesterday a second appeal for judicial review of the case to save the maid from death by firing squad. The Attorney General’s Office (AGO) of Indonesia released an official letter dated April 23, instructing prosecutors to prepare for the execution of 10 convicts, the Jakarta Post reported yesterday. The execution would be conducted after the …

  • Noy to visit Canada, Japan
    Noy to visit Canada, Japan

    President Aquino will embark on a state visit to Canada in May and Japan in June to meet with his counterparts and promote Philippine interests. Deputy presidential spokesperson Abigail Valte said Aquino accepted the invitation from Canadian Governor General David Johnston to make a state visit to Canada from May 7 to 9. Tied to this trip is the President’s one-day working visit to the United States to meet with potential investors and with the local Filipino community in Chicago, Valte …

  • Business groups back K to 12 program
    Business groups back K to 12 program

    The government’s K to 12 program adding two more years to basic education received support from various business groups yesterday. However, they urged relevant government agencies to deal with issues regarding the implementation of Republic Act 10533, the Enhanced Basic Education Act or K-12 Law. In a statement, business groups led by the Philippine Business for Education (PBEd) said RA 10533 is a milestone piece of legislation that intends to bring the Philippines up to par with the rest of …

  • Happiest nations: Phl ranks 90th
    Happiest nations: Phl ranks 90th

    Switzerland is the happiest country in the world, while the Philippines placed 90th, according to a global ranking of happiness unveiled in New York on Thursday. Switzerland was followed closely by Iceland, Denmark, Norway and Canada. The 2015 World Happiness Report is the third annual report seeking to quantify happiness as a means of influencing government policy. The United Nations published the first study in 2012. …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options