GROWING TOO SLOW

The Philippine Economic Landscape in 2010

As it begins the second decade of the 21st Century, the Philippines faces a major challenge to move its economy to a higher level of growth and job creation than it has experienced during the past often turbulent decades.

Figure 1 presents Philippine economic growth rates from 1981 to 2009 and clearly shows the boom-and-bust cycles triggered by the brutal assassination of former Senator Aquino in 1983, the military coup attempt of December 1989, the power blackouts of 1991-1992, and the Asian financial crisis in 1997. Each crisis forced GDP growth into negative territory and significantly reduced the PCI for a fast-growing population.

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Philippine Growth Has Not Been Inclusive

While growth has improved from the dismal levels of the 80s and 90s, the average GDP growth of the last decade will not be enough to address some major challenges the Philippines faces. [ Read This Chapter ]

Living in the High Growth Neighborhood

The Philippines is located in the world's fastest growing region. Figure 10 shows that the ASEAN-6 plus 4 (China, India, Japan, and Korea) in 2009 had about the same share 23.4% of world GDP as the United States (24.5%) and the EU (21.4%). [ Read This Chapter ]

[EDITORIAL] Challenges amid growth

21 November, 2017 at 13:00

Despite the siege in Marawi, inflation, political noise and external factors, the economy grew by a better-than-expected 6.9 percent in the third quarter.

[OPINION] All cracked up

17 October, 2017 at 14:54

A diplomat who watched President Duterte perorating against the European Union last week said the remarks were so incredible he felt like cracking up.

Vietnam beats PHL in competitiveness

29 September, 2017 at 15:00

The Philippines climbed a rung in the World Economic Forum’s annual competitiveness roster this year even as the country’s score slipped, allowing Vietnam and Brunei Darussalam to jump over it.

PH one spot higher in Global Competitiveness...

27 September, 2017 at 10:08

The Global Competitiveness Report 2017-2018, published today, sees the Philippines going up in global competitiveness rankings by 1 notch, from 57th in 2016 to 56th in 2017.

Korean firms leave Philippines for Vietnam

25 August, 2017 at 13:00

Korean manufacturing companies in the Philippines are packing up and leaving the country for Vietnam where they see lower costs and an easier way of doing business.

DTI to ask for prospective implementation of...

15 August, 2017 at 14:14

The Department of Trade and Industry (DTI) may ask the Department of Finance (DOF) to reconsider the planned removal of the 15-percent preferential income tax rate for individuals currently employed in the regional operating headquarters…

Easing foreign ownership rules to drive FDI...

3 August, 2017 at 14:30

More foreign direct investment (FDI) is expected to enter the Philippines amid a liberalization in the banking sector as the government plans to ease foreign-ownership limitations in most industries…

[OPINION] Financing the Philippine golden age of...

1 June, 2017 at 17:00

In recent years, the Philippines has enjoyed strong and sustained economic growth founded on sound macroeconomic fundamentals.

[OPINION] Why the slowdown?

24 May, 2017 at 11:13

The first-quarter economic growth figures announced last week disappointed many, including the country’s economic managers. The 6.4-percent gross domestic product (GDP) growth was shy of the lower end of the government’s projected or target range of 6.5-7.5 percent for the year.

Politics of disunity

8 December, 2016 at 10:06

It happened just as I have always feared it would. I knew it was just a matter of time. The difference in their world view was too stark for any compromise to survive.

Incoming Transport Chief Sumitomo willing to return...

29 June, 2016 at 12:27

ANC Top Story | June 28, 2016 – Incoming Transpot Chief Arthur Tugade being interviewed regarding the MRT-3 on ANC’s Top Story

[VIDEO] Effects of slowing global economic growth...

18 April, 2016 at 14:27

[VIDEO] Effects of slowing global economic growth on PH CNN Philippines | April 14, 2016

The TPP’s prosperity promises

18 January, 2016 at 10:01

One way to make sense of the current world is to measure the progress of rules-based order versus coercion-based disorder. The latter category includes the collapse of state structures in the Middle East at the hands of violent extremists, Russia’s invasion of Ukraine and China’s territorial revisionism in maritime Asia.

Mai-Mai’s world

19 October, 2015 at 08:46

The story of the island girl using Internet.org to help her write her thesis and complete her college degree is delightful. Facebook founder Mark Zuckerberg thought so, too, which is why the story of Riza Mae Tachado, or Mai-Mai, now serves to inspire others like her who dream of a star and reach out to touch it.

Inconsistent with our Asean obligations

5 August, 2015 at 14:56

Inconsistent with our Asean obligations By: Hermenegildo C. Cruz Philippine Daily Inquirer 01:38 AM July 28th, 2015   THE TIMELY

EU-ASEAN Business Council – Realising the Potential...

31 July, 2015 at 11:54

EU-ASEAN Business Council- Realising-the-Potential-of-ASEAN EU-ABC-Response-to-Singapore-Govt-Consultation-FINAL

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