SEVEN BIG WINNERS SECTORS

Agribusiness

The Philippine agricultural sector comprised 19% of GDP in 2009 and employed 34% of the labor force. Yet agricultural products made up only 8.3% of total Philippine commodity exports and Philippine agricultural exports were the smallest of the ASEAN-5. Table 22 contains agricultural exports and imports of the ASEAN-6 (less Singapore) for 2009 and shows that the Philippines exported US$3.2 billion, a very small amount compared to Indonesia, Malaysia, Thailand, and Vietnam.34 Of the five economies, only the Philippines imported more agricultural goods than it exported. Agricultural exports for the other four economies made significant, positive contributions to their trade balances.

[ Read This Chapter ]

Business Process Outsourcing

Information technology and business process outsourcing (IT-BPO) is the fastest-growing employment and one of the highest revenue generating economic sector in the Philippines today.42 IT-BPO is the biggest of our Seven Big Winners, because of its current size, high growth rate, and potential to employ millions of Filipinos. [ Read This Chapter ]

Creative Industries

The Creative Economy is defined as industries which have their origin in individual creativity, skill, and talent and which have potential for wealth and job creation through the generation and exploitation of intellectual property. [ Read This Chapter ]

REPUBLIC ACT NO. 10929 | REPUBLIC ACT...

22 August, 2017 at 09:24

Begun and held in Metro Manila, on Monday, the twenty-fifth day of July, two thousand sixteen.

[OPINION] Healthcare

18 August, 2017 at 12:00

One of the new laws recently signed by President Duterte increases the penalty imposed on hospital staff and owners who demand a deposit before treating an emergency patient. The fact that we have to pass such a law shows how dysfunctional our national healthcare system is.

[OPINION] Technology, the dragon slayer

18 August, 2017 at 10:00

Companies that don’t have a digital strategy are toast.

Ayala, MVPoffer to fix MRT3

16 August, 2017 at 11:32

Conglomerate Ayala Corp. and businessman Manuel V. Pangilinan’s Metro Pacific Investments Corp. plan to expand their partnership in the light railway business to push for a P12-billion unsolicited proposal to rehabilitate the Metro Railway Transit (MRT3) that traverses Edsa.

[OPINION] Unprocessed Mineral Export Ban

16 August, 2017 at 10:38

In his 2017 SONA, Pres. Duterte threatened, among others, to stop the export of unprocessed mining products. This follows the ban on similar products in 2014 by Indonesia.

Tourists from South Korea, US, China lift...

14 August, 2017 at 10:00

South Korea continues to top the list of the Philippines’s major source markets for tourists in the first half of 2017.

Private sector seeks clearer post-infra strategy

11 August, 2017 at 14:53

More than a year since the administration promised a golden era of infrastructure, the Philippine Chamber of Commerce and Industry (PCCI) wants to know what comes after these big-ticket items are put up…

Cimatu gets tough, warns errant miners

10 August, 2017 at 10:14

A recent statement from Department of Environment and Natural Resources (DENR) cited Cimatu saying that mining companies must comply with all existing mining and environmental laws if they want their operations to continue.

5,000 elite jobs in BPO sector at...

8 August, 2017 at 15:30

The Philippines stands to lose around 5,000 top caliber and financially rewarding jobs in a subsector of the business process outsourcing (BPO) industry…

Duterte meets with mining executives

8 August, 2017 at 14:28

After hitting the mining industry for what he described as its irresponsible practices, President Duterte met on Thursday with industry stakeholders to stress his concerns.

MICC to review mining tax regime

3 August, 2017 at 16:30

The interagency Mining Industry Coordinating Council (MICC) is set to conduct a review of the country’s mining laws in order to come up with improved tax and revenue sharing schemes on local mining operations…

[OPINION] DOTr flees Metro Manila

3 August, 2017 at 15:30

Even before he took over DOTr, Secretary Art Tugade had repeatedly talked about decongesting Metro Manila. He will set the ball rolling by moving DOTr to Clark.

[OPINION] 23 years (and not counting)

3 August, 2017 at 13:00

Finally, the government has decided where an international airport to supplement (not replace) the Ninoy Aquino International Airport should be. It’s at Clark.

Ban on open pit mining stays —...

2 August, 2017 at 14:00

The order banning all prospective open-pit mines in the country will remain in effect and will be taken up at the interagency Mining Industry Coordinating Council (MICC), Environment Secretary Roy Cimatu said.

‘China can’t hire its nationals for projects...

2 August, 2017 at 12:00

Even if China grants the Philippines enormous loans to ramp up infrastructure development, the law still prohibits the hiring of foreign construction workers, according to the head of President Rodrigo Duterte’s economic team.

Philippines Vows to Defend Its Outsourcing Empire

2 August, 2017 at 10:06

The Philippines’ $23 billion outsourcing empire is facing mounting risks: China is rising quickly as a competitor, the government wants to cut some incentives and a siege in the south of the country is worrying investors.

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