Business Practice
In the Philippines, doing business is a highly personal endeavor. If you plan to close a deal in the Philippines or are even preparing to invest, expect proceedings to take more time than you may be used to. In the Philippines, patience is indeed a virtue. A personal introduction through a friend or business associate is essential to establishing a relationship with your business partners to be. Keep in mind that, in the Philippines, successful business relationships are based on personal interaction and trust.
As mentioned before, Filipinos are very status-conscious, and the use of formal titles is an important way of showing respect to your business partners and colleagues. Unlike in other Asian countries, however, the exchange of business cards is not overly formalized, albeit still of some importance. You should present and receive business cards with both hands. Include your title and position on the card to make clear the influence and status you may have.