SGV launches updated Mandarin translation of Doing Business in the Philippines

Last 10 September 2015, SGV launched the second edition of the Mandarin translation of Doing Business in the Philippines at the Washington SyCip Development Center. The new version includes updated economic information, laws and policies of the country.

SGV has been publishing Doing Business in the Philippines in various languages since 1968, with the aim of encouraging foreign stakeholders to explore business opportunities in the Philippines.

In attendance were members from the Embassy of the People’s Republic of China in the Philippines and the Chinese Enterprises Philippines Association, SGV Founder Mr. Washington SyCip, Ambassador Delia Albert and SGV partners and staff.

SGV Chairman and Managing Partner Vic Noel opened the program and expressed hope that the publication would be relevant to the business communities of both countries. By disseminating the publication, SGV hopes to contribute its share in promoting the country’s national development and economic growth.

Chinese Enterprises Philippines Association Country Head Deng Jun recalled his own personal experience of how he found the 2011 version of Doing Business in the Philippines very helpful when he first arrived in the Philippines and his belief that it will be useful for Chinese investors who are considering the Philippine market. He also highlighted that 2015 marks the 40th Anniversary of the formal establishment of diplomatic relations between the Republic of the Philippines and the People’s Republic of China.

Economic and Commercial Counsellor Jin Yuan shared some statistics, stating that China is now 2nd largest trading partner of the Philippines, and the largest if Hong Kong is included. He also shared his thoughts about how many Chinese companies are now engaged in numerous local infrastructure projects.

He was followed by Mr. SyCip, who shared some anecdotes about growing up in Shanghai, China, and his experiences with the Chinese business community. Mr. SyCip gladly noted that SGV is continuing his tradition of strengthening business ties with China through the publication.