LYCOS RETRIEVER 
Philippines: Development
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The Philippines telecommunications sector has witnessed substantial investment in infrastructure, driven initially by the Service Area Scheme (SAS) for fixed-line development in the 1990s and, more recently, by the burgeoning mobile telephony market. The fixed-line strategy... has resulted in a massive under-utilisation of infrastructure, with only a 50% occupancy of installed fixed line capacity. This has raised serious questions about the SAS process and other policy decisions. This report provides an overview of the local, national and international infrastructure that has been put in place. See report summary.
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The Philippines consumed 333,000 bbl/d on average in 2004, with net oil imports of 307,000 bbl/d. This dependence on imported oil makes the Philippine economy vulnerable to sudden spikes in world oil prices. Oil consumption is relatively stable, despite the country's economic growth, due to reduced reliance on oil for electric power generation following development of the Malampaya natural gas deposit.
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Book III of the Omnibus Investment Code (1987, amended by R.A. 8756, 1999) provides incentives for multinational enterprises to establish regional or area headquarters (RHQs) and regional operating headquarters (ROHQs) in the Philippines. RHQs are branches of multinational companies headquartered outside the Philippines that do not earn or derive income in the Philippines that act as supervisory, communications, or coordinating centers for their subsidiaries, affiliates, and branches in the region. On the other hand, ROHQs are branches established in the Philippines by multinational companies that are allowed to derive income from their affiliates in the region by providing services such as: general administration and planning; business planning and coordination; sourcing/procurement of raw materials and components; corporate finance advisory services; marketing control and sales promotion; training and personnel management; logistics services; research and development services, and product development; technical support and maintenance; data processing and communication; and business development.
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