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 ]

Megawide-GMR consortium offers lowest bid for new...

15 December, 2017 at 11:00

The consortium of local firm Megawide Construction Corp. and GMR Infrastructure Ltd. of India is the frontrunner to bag the contract for the design…

[EDITORIAL] Needed: Cleaner airport policy

15 December, 2017 at 09:18

Something exciting is happening in the aviation sector that may finally result in the much-needed rehabilitation and modernization of the old Ninoy Aquino International Airport (Naia).

NAIA super consortium to submit proposal next...

12 December, 2017 at 12:00

The super consortium of seven conglomerates seeking to develop the Ninoy Aquino International Airport (NAIA) is now preparing its ambitious proposal and expects to formally submit it next year.

[OPINION] Gov’t open to Naia rehab offer

11 December, 2017 at 15:00

The government is open to accepting the proposal of seven of the country’s largest conglomerates to redevelop and rehabilitate the Ninoy Aquino International Airport, the country’s chief economist said.

[OPINION] Do we want investors, or not?

8 December, 2017 at 13:05

PH lures pharma, MNCs in import substitution tack” ran a headline in Malaya last week.

Tycoons confirm Naia rehab bid

8 December, 2017 at 10:43

Seven of the country’s biggest conglomerates confirmed they were looking at rehabilitating and redeveloping the Ninoy Aquino International Airport…

Foreign chambers urge Congress to speed up...

7 December, 2017 at 15:10

Further feeling the impact of the worsening traffic gridlock this holiday season, the Joint Foreign Chambers (JFC) in the Philippines urged Congress yesterday to speed up the passage of the proposed Traffic and Congestion Crisis Act.

JFC Statement on the Traffic and Congestion...

6 December, 2017 at 14:34

The Joint Foreign Chambers (JFC) in the Philippines urge the Congress to complete plenary consideration of the Traffic and Congestion Crisis legislation.

Metro Manila traffic to reach ‘standstill levels’...

6 December, 2017 at 14:27

The Duterte administration’s infrastructure program may not be enough to deal with the country’s transportation woes as road congestion in Metro Manila may reach “standstill levels” by 2022, according to a study by an American consulting group.

Senate to tackle bill pushing for more...

6 December, 2017 at 10:53

The Senate committee on science and technology will hold next week its first hearing on a bill that aims to push for more players in the telecommunications sector, Senator Bam Aquino, chair of the committee, announced on Tuesday.

Manufacturing seen sustaining growth

1 December, 2017 at 14:08

The government is targeting sustained 10-11 percent growth range in the manufacturing sector up to the end of the Duterte administration by putting in extra programs and policies focusing on the high value and technology-based innovation products.

Contraction in IT-BPM investments slowing

1 December, 2017 at 10:36

The decline in IT-BPM investments has narrowed further into single-digit level in the first 10 months of the year, showing signs of improvement after months of sustaining huge drops in pledges, data showed.

Business leaders want open field for telco

29 November, 2017 at 15:58

Business leaders have lauded President Duterte’s push to break the “duopoly” in the country’s telecommunications industry, but pointed out this should not be limited to Chinese companies.

[OPINION] Regulatory capture

28 November, 2017 at 17:30

Regulatory capture, according to Wikipedia, is “a form of government failure that occurs when a regulatory agency, created to act in the public interest, instead advances the commercial or political concerns…

Gov’t not interested in being 3rd telco...

28 November, 2017 at 13:30

The Department of Information and Communications Technology (DICT) vowed that the government would not establish a competing telecommunications player, saying it could support competition in the sector in other ways.

[EDITORIAL] Telco shakeup

28 November, 2017 at 11:15

Finally, the political will to address a major national economic problem — slow internet and poor telecommunications service. President Duterte has offered China a slot to become the third major telco player in the country…

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