The Philippine economy continues to enjoy a period of rapid, broad-based growth as the business process outsourcing (BPO) sector and growing remittances from overseas workers drive growth in consumer-oriented industries and construction. Although real growth decelerated in 2014 to 6.1%, it remained higher than Southeast Asian peers, and it is expected to remain near 6%...
The current run of rapid growth is an opportunity for the Philippines to do something much more valuable than just advance material wealth and catch up with middle-income peers. With the right policies, the Philippines government believes that this could be the era when the country is finally able to successfully address widespread poverty.
Battered every year by typhoons and prone to earthquakes, mudslides, floods and volcanic eruptions, the Philippines is more vulnerable to natural disasters than many other countries throughout the world. As such, it is crucial for the country’s economic development to learn to better manage its disaster risks and minimise casualties and...
Good governance and transparency are driving the change in the international perception of the Philippines and the resulting positive economic outlook. To strengthen this agenda we have been strong advocates of the Freedom of Information (FOI) Act, which will foster government transparency and accountability by allowing the disclosure of public...
With presidential, congressional and local elections all scheduled for next year, 2015 looks set to be a time of heated political debate in the Philippines. Issues such as constitutional reform, good governance and the perennial battle against corruption are likely to dominate discussion, alongside continued disagreements over how best to share the proceeds of economic...
A series of reforms initiated by President Benigno Aquino III in the last few years have pumped spending into infrastructure and opened key industries to outside investors. The reforms prompted a series of upgrades to the Philippines’ credit ratings and echo initiatives taken in the region as it prepares for the inauguration of the ASEAN Economic Community (AEC) in 2015...
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