Diversification has been the Holy Grail of the export sector, as dependence on electronics (at two-thirds of the total) has rendered the Philippines’ export earnings hostage to the ups and downs of a lone commodity. Starting 2011, the Philippines began shedding this reliance on electronics, but in the last two years, the proportion of export earnings from this commodity group has been increasing to again … Continue reading Diversification: The export sector’s Holy Grail?
Pres. Rodrigo R. Duterte has vowed to raise the Philippines’ infrastructure profile by the end of his term, committing to set aside an infrastructure budget that is equivalent to at least five percent of gross domestic product (GDP) over that period. His commitment comes after the previous administration’s disappointing record of project completion under the Public-Private Partnership (PPP) program. Despite this, the Philippines’ PPP pipeline … Continue reading Private fund infusion in PPP deals across ASEAN
The Philippines rose to the 58th spot in this year’s Index of Economic Freedom, riding on robust economic growth and fiscal gains, although concerns remain on whether these can be sustained under the new government. Read more. Continue reading Philippines’ economic freedom ranking improves
MONEY sent home by overseas Filipino workers (OFWs) hit a record high in December, spurring the full-year tally beyond the central bank’s forecast, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Read the full story. Continue reading Overseas Filipinos’ cash remittances