The Philippines Country Resources
About The Philippines
The Philippines is an archipelagic nation, made up of over 7000 islands, in Southeast Asia known for its skilled workforce, English proficiency, and strong BPO sector. The economy is driven by services, manufacturing, agriculture, and remittances from overseas workers. Recent tax reforms and government incentives aim to increase foreign direct investment, support digital transformation, and further expand the BPO and technology sectors.
The Philippines: Country Resources
Currency
Philippine Peso (PHP)
Capital:
Manila
Language:
Filipino | English
Ease of doing Business
Moderate
Population Size
116.8M
VAT
12% standard rate
Go global in The Philippines
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FAQ's
The Philippines observes regular holidays such as New Year’s Day (January 1), Independence Day (June 12), and Christmas Day (December 25), along with several special non-working days and regional celebrations.
Compensation is regulated under the Labour Code. Employers must comply with minimum wage laws, overtime pay rules, and mandatory benefits such as holiday pay, 13th-month pay, and night shift differentials.
Employees are entitled to various leave types, including:
- Service Incentive Leave: 5 days per year after one year of service
- Sick Leave & Vacation Leave: Often provided by company policy, as not mandated by law
- Maternity Leave: 105 days (with option for additional unpaid leave)
- Paternity Leave: 7 days for married male employees
- Parental and Special Leave: Additional types include solo parent leave and leave for women under the Magna Carta of Women
Termination can occur for just or authorised causes, such as redundancy, retrenchment, or serious misconduct. Due process and documentation are critical, and employers must provide termination notices and, in some cases, severance pay.
Mandatory contributions include:
- Social Security System (SSS): Covers sickness, maternity, disability, retirement, and death
- PhilHealth: Provides healthcare coverage
- Pag-IBIG Fund: A national savings program that also supports housing and loans
