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Examples Of Pestle Analysis Of The Philippines

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Chapter 6 INDUSTRY ANALYSIS PESTEL Analysis Economic Factors The Philippine economy is progressively increasing according to the World Bank Org. According to the date compiled by CNN Money, the Philippines is projected to be the fourth fastest in the world, that has a GDP at 6.7%. It is projected that the Philippines economy is higher than Bangladesh 6.3%.The agriculture is one of the factors that affects the economy of the Philippines. It contributes the GDP and labor force in the Philippines. Poultry farming or livestock is included in the sector of agriculture. It is important because it serves as a food source for many people. Chicken is considered a necessity good and also the second produced meat next to pork. This is because of the changing preferences of the people. Filipinos are considered to be more in pork than chicken. Fast food in the Philippines is increasing and mostly served in the restaurants, making it to have a high demand to consumers. Social Factors Filipinos love to eat and for this reason, many entrepreneurs in the Philippines ventures into food and beverage service business. Filipinos wants food, beverage and cooking choices to be fast, easy and convenient. They are also now choosing a healthier …show more content…

This includes the opening hours, taxation and employment regulations such as the Regional Daily Minimum Wage Rates issued by Department of Labor and Employment. Business located in the region of NCR. In operating a business, first is that the business name must be registered to DTI and BTRCP. After this is that, you must get business permit from the municipal hall, barangay hall for the business clearance, BIR office to get TIN/Certificate, DOLE for businesses with five workers or more and register business, PhilHealth because all of the employers are required to register their employees. Philhealth manages and administers the government health care

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