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We provide comprehensive Transfer Pricing (TP) solutions suited to the needs of the client.
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Corporate services
For clients who want to do business in the Philippines, we help set up the business and assist in determining the appropriate and tax-efficient operating business or investment vehicle.
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Accounting Services
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Human Capital Outsourcing Services
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Behind the Numbers: People of P&A Grant Thornton
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Emerging markets and shifting consumer demand are creating new opportunities in food and beverage, with business leaders investing in new products, markets,...
Our vision is to help learning institutions and business organisations go beyond and create powerful learning cultures through technology integration,...
Energy markets worldwide are undergoing major changes. P&A Grant Thornton can help you understand and navigate ensuing challenges and make sure you have the...
Optimism is slowly returning to the global economy, but the financial services industry needs to regain the trust of public and private bodies. To truly go...
Across the globe, not for profit organisations are increasingly expected to deliver more, while at the same time facing cuts in government funding and...
The outsourcing industry is one of the fastest growing sectors in the Philippines. Growth in the industry is at an annual average rate of 20%. The industry is...
Across the globe, countries are moving towards leaner, more commercial, locally focused, and responsive government and public sectors. At P&A Grant Thornton,...
Opportunity and optimism have emerged within the retail estate and construction industry. At P&A Grant Thornton, it’s our goal to help you benefit from these...
At P&A Grant Thornton, we’ll work with you to capitalise on all opportunities, manage the inherent risks the industry has to offer, and provide relevant...
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With operational cost, price competition, and currency volatility, pressure on profits continues to pile on retailers. Advancements in e-commerce are also...
PH dynamism
P&A Grant Thornton: PH business dynamism ranking drops, needs improvement in R&D
23 Sep 2015The Philippines ranking fell 12 notches in 2015 Global Dynamism Index as the country lags behind in science and technology, despite getting high scores on the growth areas of labor and human capital, as well as economics and growth, the P&A Grant Thornton said.
In its latest report, the P&A Grant Thornton said the Philippines GDI ranking dropped to 33 from 21 out of 60 countries, pulled down by its research and development (R&D) ranking at 53rd or only 7 notches ahead than lowest-ranked Ukraine.
It said the Philippines investment in R&D or as percentage of of gross domestic product (GDP) is very low, just 1 point over 100, while “broadband subscriber per 100 inhabitants” (7 points over 100 inhabitants).
Mrs. Marivic Españo, Chair and CEO of P&A Grant Thornton said the Philippines’ offers growth opportunities for businesses, but its workforce and economics, it needs improvement in other growth areas, particularly science and technology to fully support business dynamism.
Españo underscored the need for the Philippines to become competitive not only in terms of human capital but across different growth areas.
“To continue attracting investors, we need to address challenges in other areas such as science and technology as well as financing environment. Amid increasing globalization and digital connectivity, more businesses are looking for new revenue streams in different markets. They are becoming more discerning in choosing which markets to enter. We cannot afford to perform weakly in areas that we know are equally critical for investors,” Españo continued.
The Philippines, however, made it to the top 10 of two GDI growth areas: economics and growth (rank 6) and labor and human capital (rank 8).
The Philippines cites the Filipino workforce as one of its most compelling advantages over any other country in Asia. It has 95 percent literacy rate, proven English proficiency, more than 350,000 graduates each year, and millions of young workforce. Of the Philippines’ over 100 million population, 25% or over 25 million are 20 to 34 years old.
GDI combines 22 indicators across five growth areas to rank the business growth environments of 60 of the world’s largest economies. Each economy is ranked for its overall dynamism or potential to support business growth.
As published in Manila Bulletin dated 23 September 2015