Following a landmark peace agreement and a late-2016 tax reform package, 2017 looks to be a year of significant promise for Colombia. The country has been in recovery since the 2014 collapse in oil prices, which predominantly affected exports, government revenues and the exchange rate. However, with the external sector acting as a shock absorber, the authorities helped ensure that domestic demand was able to pick up some of the slack.
The Philippines lacks land borders with any other nation and spans over 7000 islands, making maritime trade the foundation of its economy. Rapid macroeconomic expansion, population growth and increased industrialisation are driving developments at the largest and busiest facilities in Manila. However, persistent congestion and rising tariffs...
The Philippines’ network of airports is facing mounting congestion in the wake of strong passenger growth, pushing new airport developments to the forefront of the government’s infrastructure agenda. Manila’s Ninoy Aquino International Airport (NAIA) in particular is facing serious constraints after passenger volumes hit record highs in 2015,...
One of the most important priorities for transport sector stakeholders in the Philippines is reducing congestion across the country’s urban centres. The new administration of President Rodrigo Duterte has given strong signals that it intends to address this persistent problem, deploying a multi-pronged strategy that includes legal reforms,...
Transportation and infrastructure development in the Philippines received a major boost with the unveiling of the 2017 budget – the largest ever passed in the country. The Department of Transportation (DoT) and Department of Public Works and Highways (DPWH) will both benefit from a double-digit spending increase, with funds to be used for a...
Limited multimodal connectivity has been a major challenge for the Philippines’ transport sector as economic growth and consumer demand accelerate, driving shipping costs to unsustainable levels and leading to the launch of a new multimodal transport and logistics roadmap in 2016. Emphasising construction of new access roads and sweeping...
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