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 ]

Jimenez: Naia expansion better option

22 March, 2017 at 11:54

Jimenez: Naia expansion better option By Ma. Stella F. Arnaldo | March 16, 2017 The government should just expand the Ninoy Aquino

Business wants common train station project fast-tracked

22 March, 2017 at 11:28

Thirteen influential foreign and local business groups in the country have urged the government to fast-track completion of the common train station that would link three major rail commuter lines in the metropolis…

PCC backs bills lifting foreign equity cap...

15 March, 2017 at 13:48

The Philippine Competition Commission (PCC) said yesterday it was supporting initiatives in Congress to amend certain provisions in the 80-year-old Public Service Act (PSA) such as the lifting of the foreign equity cap on certain industries including telecommunications and transportation.

Statement of support for President Duterte and...

15 March, 2017 at 11:07

The American Chamber of Commerce in the Philippines (AmCham) commends and applauds recent decisive actions taken by the Duterte Administration to raid stocks of manufactured products with counterfeit internal revenue stamps and thereby promote corporate tax compliance and ensure…

P75B nat’l broadband up in ’18

14 March, 2017 at 12:00

The government will need the rest of the year to firm up the national broadband network (NBN) project after President Rodrigo Duterte signed the order for its implementation.

Phl may stop exports of unprocessed minerals

9 March, 2017 at 13:00

The Philippines is likely to lose its tag as the world’s top nickel ore exporter as the government may halt the export of unprocessed minerals as part of efforts to revive the country’s iron and steel industry, an official from the Department of Environment and Natural Resources (DENR) said yesterday.

5 China firms eye $10-B PH projects

9 March, 2017 at 10:30

Five Chinese firms are interested to set up shop in the country, promising projects with a total estimated value of at least $10.3 billion (about P518 billion), the Board of Investments (BOI) said Friday.

BY 2030: Manufacturing to triple jobs to...

9 March, 2017 at 08:30

The number of workers in the manufacturing sector is targeted to triple to 10 million by 2030 as industries make a big push for industrialization, according to Roberto Batungbacal, vice president of the American Chamber of Commerce of the Philippines (Amcham).

Manufacturing must do more to generate jobs...

8 March, 2017 at 16:26

“The manufacturing sector is seen as a key driver in accelerating economic growth in a country that would have a population of 200 million by 2050. The goal is to create a globally competitive manufacturing sector that would contribute…

P186B facelift of Clark airport proposed

8 March, 2017 at 14:30

JG Summit Holdings Inc and the Filinvest Group have offered to improve the Clark International Airport for P186.64 billion, according to Robert Lim, Department of Transportation undersecretary.

Gov’t starts review of mines closure

8 March, 2017 at 12:00

The review of the existing 28 mines ordered closed by the Department of Environment and Natural Resources (DENR) is set to kick off today.

Duterte approves National Broadband Program

8 March, 2017 at 09:38

President Duterte approved the establishment of a National Government Portal and a National Broad Plan during the 13th Cabinet meeting in Malacañang yesterday.

Manufacturing investments to double this year –...

7 March, 2017 at 14:02

The Board of Investments (BOI) sees a doubling of this year’s share of manufacturing projects in the country’s total investment generation in light of strong interests, particularly from Chinese and Japanese manufacturing companies.

Bundle… unbundle

6 March, 2017 at 11:30

There were two low hanging fruits at DOTr when Sec Art Tugade assumed office.

Assemblers, importers buck move to raise tax...

2 March, 2017 at 12:30

The automotive industry has submitted a position paper to Congress asking legislators to reconsider the proposal to raise the excise tax on cars.

CIAC seeks release of P2.8-B airport development...

2 March, 2017 at 11:30

The government should release Clark International Airport (CRK)’s P2.89-billion development fund immediately now that flights and passengers have increased versus 3-5 ago, urged Clark International Airport Authority (CIAC) President and CEO Alexander Cauguiran.

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