The Philippines has embarked on education reforms that it considers crucial to its economic development, bringing its school system into line with international standards and seeking to open up its higher education sector to more people, while supporting research and development activities that will raise its academic profile and bring lasting benefits to the country. The government had to...
Given the remarkable strides in improving health outcomes since the 1970s, Filipinos are generally living longer and healthier lives than their predecessors. But despite these advances, the country lags behind many of its neighbours on key health indicators, such as the maternal mortality rate and incidence of tuberculosis. Its health expenditure is also considerably less than other countries...
Contributing around 10% of GDP, the Philippine agriculture and fisheries sector’s importance to the economy remains far larger than its direct impact on the bottom line. The industry is a crucial employer, accounting for for 26.7% of the 43.4m-strong labour force, and is one of the few trades available for many Filipinos living in remote, less-affluent regions. With President Rodrigo Duterte...
Surging activity and investment have benefitted the Philippines’ telecommunications industry in the decades following its deregulation, with mobile penetration increasing rapidly among a large population of digitally literate consumers. Although the market remains dominated by two operators, rising competition between them saw capital expenditure soar in 2016, driving improvements to service...
The Philippines’ business process outsourcing (BPO) sector is an economic powerhouse and one of the largest white-collar employers in the country. It benefits from over a decade of pro-investment policies, a young and well-educated workforce, and rising foreign investment in both third-party contact centres and global in-house call centres. The industry will soon surpass foreign remittances as...
Nowhere are the effects of the Philippines’ sustained economic growth more apparent than in the construction industry, which is benefitting from pent-up demand and a positive outlook for future growth. This momentum has driven the industry to one of the highest growth rates in the country, with the Philippine Statistics Authority reporting growth of 11% in 2014, 10.4% in 2015 and a jump to 14....
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