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...
With the government committing unprecedented levels of funding to increasing the coverage of its national public health insurance programme, positive effects are being felt throughout the domestic health sector. The Philippine experiment of combining public health care spending with private sector delivery continues to evolve. As health care...
Still the country’s largest single employer, the Philippines’ agriculture sector continues to play a pivotal role in the economy, even as the government looks to develop other modern industries to lead the way in the future. Directly employing more than one-quarter of all workers in non-services industries, more than 11m Filipinos relied on...
One of the greatest benefits derived from the Philippines’ widely dispersed archipelagic landmass of more than 7000 islands spread across 2.2m sq km of the Pacific Ocean is the abundance of sea life teeming beneath the surface of territorial waters. Given the seafaring nature, heavy reliance on seafood as a local dietary staple and maritime...
The pharmaceutical industry in the Philippines has been seeing stable growth for the past decade, and it looks set to continue. Though the market stood at $4.3bn in 2013, several recent and incoming changes could enable to sector to reach approximately $8bn by 2020. The increase is linked to the government’s intervention in price control and a...
Though health care sector spending is on the rise in the Philippines, years of underinvestment have resulted in a deficit in both available facilities and services. Although improvements are being made – in 2014 the Philippine government spending on health care reached the 5% of GDP recommended by the WHO – to reach the levels of care planned...
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