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 ]

VAT on local suppliers seen forcing exporters...

27 June, 2017 at 14:57

The top industry official representing electronic exporters in the country said the government’s proposal to impose value-added tax (VAT) on local suppliers of export-oriented companies would push the latter to depend on what would then be cheaper imports…

Bill seeks more transparency in energy regulation

23 June, 2017 at 15:00

Sen. Sherwin Gatchalian on Wednesday filed a bill seeking more transparency in the Energy Regulatory Commission (ERC) in order to ensure fair and reasonable power rates.

Clark to get new masterplan

23 June, 2017 at 13:00

Urban planner Palafox Associates (PA) has been tapped by state-owned firm Clark Development Corp. (CDC) to create the new master development and business plan for the Clark Freeport Zone.

[OPINION] ‘Unli rice’ and rice trade

20 June, 2017 at 10:24

Poor Sen. Cynthia Villar. She was well meaning, I’m sure, when she made that controversial remark last week about prohibiting unlimited rice servings in restaurants.

Gov’t sets aside plans to build new...

19 June, 2017 at 14:16

The government has put on hold a plan to build a new international airport as it is prioritizing the decongestion of the Ninoy Aquino International Airport (NAIA).

NEDA clears 4 infra projects worth P542...

8 June, 2017 at 15:49

Four infrastructure projects with a combined value of P541.6 billion have been approved by the National Economic and Development Authority’s Investment Coordination Committee (ICC).

High-speed rail to Clark seen running by...

7 June, 2017 at 16:30

By 2022, Metro Manila will be connected to the international airport at the Clark Freeport Zone in Pampanga via a Japan-funded high-speed rail system to be built in line with the government’s plan to decongest the Ninoy Aquino International Airport.

[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] Is anyone in charge?

1 June, 2017 at 15:25

A Facebook friend posted that it took him a miraculous 30 minutes from Quezon City to NAIA, three minutes to check in and one hour and forty five minutes to clear immigration.

[OPINION] The unfolding revolution

31 May, 2017 at 17:00

The Fourth Industrial Revolution has begun, and economies and societies are changing at breathtaking speed. We need to keep in step with it.

PLDT, Globe complete purchase of SMC’S telecommunications...

31 May, 2017 at 14:54

Industry giants PLDT Inc. and Globe Telecom completed their acquisition of San Miguel Corp.’s telecommunications unit, making their final joint payment to SMC Tuesday while defying the Philippine antitrust body’s request to hold off until the courts make a final ruling.

Arangkada forum to tackle 10-point Duterte agenda

29 May, 2017 at 16:00

Business groups will focus on the 10-point socioeconomic agenda of President Rodrigo R. Duterte in the next Arangkada forum.

5 regional airports removed from PPP

25 May, 2017 at 16:13

The Public-Private Partnership (PPP) program, already suffering from the perception its projects are being sidelined in favor of government loans overseas, received another blow yesterday after the Department of Transportation (DOTr) canceled…

Clark airport expansion gets Neda-ICC approval

23 May, 2017 at 18:00

The National Economic and Development Authority’s Investment Coordination Committee (Neda-ICC) last week approved the proposal of state-run Bases Conversion and Development Authority (BCDA) to expand the annual capacity…

MRT-3 maintenance exec skips Senate probe anew

23 May, 2017 at 16:51

An incorporator of three separate firms that won bids to maintain MRT-3 since 2012 remains elusive despite efforts of the Senate to make him appear before an inquiry into the ongoing inefficiency mess at the railways.

[OPINION] Dual airport strategy

23 May, 2017 at 15:00

When the Duterte administration took over, there was this low hanging fruit begging to be harvested. This is the NEDA-approved privatization of NAIA’s operations and maintenance.

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