Progress on commoditising the Philippines’ vast mineral potential is proceeding at a painstaking pace, with a few successful mine openings in 2014 driving modest growth in the sector. Although overall output and revenue are being sustained by existing operations, new investment continues to lag, as mining companies wait out the finalisation of...
Growing an impressive 7.2%, the Philippines was one of Asia’s best-performing economies in 2013. As growth has given rise to increased business activity and boosted consumer spending power, the question that arises is whether this newfound domestic demand will be for goods and materials produced locally or exported from abroad. This is an...
With a young, rapidly growing and consumption-driven market of nearly 100m, an expanding middle class and positive consumer sentiment, the Philippines’ demographic and socio-economic status makes it one of the region’s more promising retail destinations.
How has retail liberalisation altered the domestic landscape, and what role has franchising played in bringing foreign ideas to the market?
Prior to the business process outsourcing (BPO) boom that took hold in the early 2000s, the semiconductor and electronics industry had served as the country’s main economic growth driver for nearly four decades. At its peak earnings in 2010, with export receipts of $31.44bn, it accounted for 61% of exports, a ratio that by 2013 had dropped to...
In 2013, the Department of Trade and Industry (DTI) was allocated P2.3bn ($51.8m) from the Department of Budget and Management towards its manufacturing resurgence programme. The programme will support the implementation of a number of industry road maps that have been formulated by the Board of Investments (BOI) with input from technical...
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