Insights
Stay informed of the fast-evolving South-east Asia markets through NRI perspectives, latest research and business insights. Contact us for topics of interest or services to support your business structuring and investment decisions.
Industry
Report Type
RPVARA and its Stakeholders Part 1: The Impact on Taxes and Investments of Real Estate Developers
With the recently enacted Republic Act No. 12001 or the Real Property Valuation and Assessment Reform Act (RPVARA), there is an expected increase in real property taxes and a more transparent valuation. How might this impact affected stakeholders? This article dives into the impact of RPVARA to real estate companies or developers.
The ASEAN 5000 Survey : Part 3
The number of registered electric cars (EVs) in the Philippines has increased significantly, yet they remain a minority. In the final installment of our ASEAN 5000 Survey series, we look at how EV manufacturers may capitalize on Filipinos’ shifting perceptions of East Asian automobile brands. We investigated the characteristics of Filipino BEV owners and provided insights…
Part 2: Rising GDP per Capita and the Filipino Middle Class
It seems like the Philippine population, just like the Philippine economy, is stuck. The country has been stuck as a lower middle-income economy for the past 48 years. As a result, 80+% of Filipino households have been stuck below the middle-class threshold. We expect this to change in the next 15 years, with GDP…
How has the brand perception of ASEAN6 towards East Asian changed in the last 10 years
In 2013, NRI conducted a survey on market attractiveness and brand image across ASEAN. A decade later, we revisit this study to analyze shifts in consumer perception, particularly how they impact automotive branding, especially electric vehicles (EV), in the Philippines, through our ASEAN 5000 Survey series. In Part 1, we explore the evolution of…
NRI Manila’s Japanese Cross-Cultural Understanding Training for BPI MS Insurance Corporation
Nomura Research Institute (NRI) Manila Branch recently conducted a successful Japanese Cross-cultural Understanding (CCU) program for BPI MS Insurance Corporation (BPI MS). Among the participants included various team members, ranging from staff to managers across different departments. The CCU training focused on equipping BPI MS employees with the skills to navigate cultural nuances in the…
Rising GDP Capita and the Filipino Middle Class
Back in 2012, the Asian Development Bank (ADB) published a paper entitled Tracking the Middle-Income Trap: What is It, Who is in It, and Why? According to their research, the Philippines – as of 2010 – has been a lower middle-income economy for the past 34 years. 14 years later – in 2024, the country…
The RTLA for Foreign Retailers
Nitori, a Japanese furniture seller, opened its first retail store in the Philippines last April. This was, according to Trade Secretary Pascual, the first major investment under the amended Retail Trade Liberalization Act (RTLA). The amendatory law was supposed to attract foreign retailers to set up shop in the country. However, more than two years…
Consumption Spending through the Eyes of Groceries
The 3rd quarter Philippine GDP numbers suggest that inflation has affected the different economic classes disproportionately. The higher classes, who can afford to spend on hotels and restaurants continue to do so, despite high inflation and rising interest rates. On the contrary, the lower classes who only spend on the essentials are forced to cut…
E-Commerce in the Post-Pandemic Philippines Part 2: How can businesses capture more Filipino shoppers online?
In the previous article, we concluded that e-commerce is here to stay and will form a larger part of PH economy. As more Filipinos go online to shop, competition in the e-commerce space will only become tougher and winning for business may mean employing multiple strategies and forging partnerships. In this article, NRI Manila’s Senior…
E-Commerce in the Post-Pandemic Philippines Part 1:Is e-commerce here to stay?
Adoption of e-commerce by Filipinos have been accelerated, if not forced, by the pandemic. From 2019 to 2022, e-commerce revenues have almost doubled (from USD 8.5 billion in 2019 to USD 16 billion in 2022) according to Statista data. Now that traditional channels have reopened and further lockdowns are not seen in the future, will…
Case Studies
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