Two of the most effective mechanisms developed by the government for boosting investment in the industrial sector are the Philippine Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA). For 2010 the BOI and PEZA attracted a total of P302.1bn ($6.86bn) and P204.39bn ($5.66bn), respectively, in approved investments by...
Like many of its neighbours, the Philippines’ economy has been evolving towards a more value-added economic model, following in the path of Japan, South Korea and Taiwan. Unfortunately, a number of factors have so far limited the pace of this transition and the country still lags behind many of its regional peers, despite the benefits of increasing...
Although economic headwinds have thrown international markets off course, the Philippine economy has managed to stay on a relatively even keel. Local authorities note that while GDP growth slowed in 2011 relative to 2010 due to weak external demand and government underspending, household
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