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 ]

[OPINION] ROW problems delay infra projects

18 October, 2017 at 16:30

I got this e-mail from an old friend who had worked on various government infrastructure projects. He confirmed my worst fears about why Build Build Build seems to be stranded.

[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.

Duterte fires 2 execs on TV for...

16 October, 2017 at 16:30

President Rodrigo Duterte has ordered the dismissal of two officials of the Pasig River Rehabilitation Commission (PRRC) for delaying the completion of the Metro Manila Skyway Stage 3 Project.

Manila cruise port to open before end...

16 October, 2017 at 15:30

To meet the growing demand for cruise lines in key Philippine destinations, a cruise-port facility will be opening in Manila before the end of the Duterte administration in 2022.

Senate leaves BPO perks intact in TRAIN

13 October, 2017 at 14:51

Noting that the BPO industry has been one of the country’s biggest job generators, the Senate left intact the Business Process Outsourcing (BPO) industry’s tax incentives to enable the Philippines to continue attracting more investments that would spur employment and economic growth.

[OPINION] Business model, disrupted

10 October, 2017 at 14:00

If the Philippines were a company, its business model would be facing disruption.

Foreign Internet providers waiting to enter PH...

5 October, 2017 at 14:00

President Duterte said that foreign Internet service providers were trying to enter the local game but weren’t able to due to inaction by the Department of Information and Communications Technology (DICT).

MGB: No need to declare ‘mining-free zones’

5 October, 2017 at 10:58

Even if Environment Secretary Roy Cimatu already said that he will evaluate pending measures in Congress seeking to declare certain areas in the country “mining-free zones”…

Passage of bill amending PCIC charter pushed

4 October, 2017 at 09:50

A lawmaker urged Congress to pass a measure that would amend the charter of the Philippine Crop Insurance Corp. (PCIC) so it could offer index-based insurance coverage and allow it to engage in reinsurance.

China to PHL: Remove hurdles to infrastructure...

29 September, 2017 at 17:00

The Philippine government must address “challenging issues” to ensure that projects funded by concessional loans from China would proceed according to schedule, Chinese Ambassador to the Philippines Zhao Jianhua said.

Philippines, Japan agree to speed up infrastructure...

29 September, 2017 at 10:37

Manila and Tokyo have agreed to further speed up the approval and implementation of the Philippine government’s infrastructure projects proposed for Japan’s funding assistance, the Department of Finance (DOF) said yesterday.

BPO sector forecast to rebound in early...

28 September, 2017 at 17:37

The Philippine business process outsourcing (BPO) industry is likely to rebound by early 2018 after a “rebalancing” phase arising from a perceived escalation of “country risk” amid some concerns on the peace…

BPO exec criticizes ‘grandfather’ clause in Senate’s...

25 September, 2017 at 13:00

The Senate version of the administration’s first tax reform package would be keeping a crucial tax perk enjoyed by a subsector of the business process outsourcing (BPO) industry, albeit it would not be extended to new job offers starting next year.

[OPINION] BPO sector at risk

22 September, 2017 at 16:37

A series of events during the past months is nibbling at our once-unshakeable optimism for the country’s business process outsourcing industry.

Commentary: Enhancing human capital in the 10-point...

21 September, 2017 at 14:00

What do we need to advance this country over the long term?

[OPINION] The healthcare business

21 September, 2017 at 12:00

A change has been happening over the last decade or so in the healthcare business that is probably for the better. Conglomerates are buying hospitals and introducing efficient business practices in the process.

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