The largest Nordic Chamber of Commerce in Asia, NordCham Philippines, gathered their members in their 2019 Annual General Membership and Economic Briefing last Thursday.
Topics on the table include chamber matters, globalization, geopolitics, and the interest of Nordic businesses in the Philippines.
One of the key discussion was the impact of the second package of the Tax Reform for Acceleration and Inclusion Act (TRAIN) to new and current Nordic businesses in the Philippines.
Department of Finance Undersecretary Karl Kendrick Chua led the discussion in the TRAIN Reforms and Economic Agenda for 2019.
After getting a better understanding of the TRAIN laws, NordCham President Bo Lundqvist noted that the interest of Nordic companies to do business with the Philippines remain all the same.
“We have not seen any decline in interests in doing in businesses in the Philippines… We still see a lot of interest in the Philippines. Yes, there’s a bit of worry with any change in administration,” Lundqvist said, according to the Philippine News Agency.
JustPayroll was very fortunate to participate in the event and bear witness to how NordCham Philippines continues to strengthen ties with their members and the local government.
In just this year, NordCham Philippines will retain its title as the largest Nordic Chamber of Commerce in Asia with its projected growth in members.