While the Philippines has a robust economy with sound macroeconomic fundamentals, its telecoms sector still lags behind global standards, in large part due to a lack of competition and limited investment. In spite of this, the domestic telecoms market is ripe for change and set to welcome a major new player, following the pres¬ident’s promise to accelerate network modernisation. Consequently,...
With GDP growth averaging 6.4% between 2010 and 2017, the Philippines is home to one of the top-performing economies in South-east Asia. Buoyed by its robust services sector, the economy has remained strong due to rising investment in manufacturing projects, strong remittance inflows from overseas workers and an infrastructure-spending surge under the government’s Build, Build, Build...
Despite the accelerated growth of other industries in recent decades, agriculture remains a pillar of the Philippine economy, providing employment for 27% of the labour force in 2016, according to the most recent data from the Philippine Statistics Authority. Although the sector’s contribution to GDP has declined in recent decades, falling from over 30% in the 1970s to 9.65% in 2016, there...
Elections in June 2016 saw President Rodrigo Duterte assume his six-year term as the 16th president of the Republic of the Philippines. President Duterte won the May 2016 elections by a wide margin to become the first president from Mindanao, the country’s southernmost and second-largest island, ushering in a period of widespread change through the executive and legislative branches of...
These are busy times for the Philippine health sector, with the country gearing up for a long-awaited move to universal health care (UHC) and investment in the private sector accelerating. Specialist and high-tech facilities are being developed, generating investor interest and business opportunities in pharmaceuticals and imported medical equipment. However, challenges remain, including the...
The Philippines has started to make headway in edu¬cation thanks to policies that aim to expand access and improve quality. The need for human capital development has been the main impetus behind such educational reforms, as detailed in the cur¬rent administration’s Philippine Development Plan 2017-22. Despite notable gains, work remains, especially in terms of academic performance, the number...
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