THE PHILIPPINE ADVANTAGE
This presentation is the property of its rightful owner.
Sponsored Links
1 / 11

THE PHILIPPINE ADVANTAGE PowerPoint PPT Presentation


  • 62 Views
  • Uploaded on
  • Presentation posted in: General

THE PHILIPPINE ADVANTAGE. Secretary Peter B. Favila Department of Trade and Industry. PHILIPPINE ECONOMIC SCORECARD. GDP growth of 5.6% ( S2 2006) Agriculture 5.2% - Industry 5.1% - Services 6.1% Fiscal performance on track Jan to July 2006 revenue collections up by 20%

Download Presentation

THE PHILIPPINE ADVANTAGE

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


The philippine advantage

THE PHILIPPINE ADVANTAGE

Secretary Peter B. Favila

Department of Trade and Industry


The philippine advantage

PHILIPPINE ECONOMIC SCORECARD

  • GDP growth of 5.6% (S2 2006)

    Agriculture 5.2% - Industry 5.1% - Services 6.1%

  • Fiscal performance on track

    Jan to July 2006 revenue collections up by 20%

    Deficit is PhP B34.1 lower year-on-year

  • Philippine Peso is one of Asia’s best performing currencies

    4-year high bolstered by OFW remittance, exports and portfolio investments

  • Headline inflation continued to ease at 6.5% (as of July 2006)

  • Gross international reserves reached an all-time high at US$21.3B (as of July 2006)

  • Stable and low interest rate environment


The philippine advantage

2005 Milestones5.1% GDP growth3.9% Export growth149.8% Net FDI growth

FOREIGN TRADE AND INVESTMENT PERFORMANCE

1st Semester 20065.6% GDP growth16.8% Export growth114.6% Net FDI growth

strong performance continues into 2006 . . .


The philippine advantage

Strong export performance is supported by the continuing diversification of merchandise exports …

US$ 22.7B Exports in 1st Semester 2006

Source: DTI-Tradeline (derived from primary NSO data)


The philippine advantage

… and the rise of new markets and expansion of trade relations.

EXPORT PERFORMANCE BY REGIONAL BLOCS

Jan-Jun 2006

2000

Source: BETP (derived from primary NSO data)


The philippine advantage

FDI flows remain on the uptrend . . .

FOREIGN DIRECT INVESTMENT, net (US$M)

Source: Bangko Sentral ng Pilipinas (BSP)


The philippine advantage

. . . and investment approvals signal that the growth trend will continue.Total approved investments at US$ 2B in 1st Semester 2006

BOI-PEZA Approved Investments by Sector

January – June 2006

Sources: Board of Investments (BOI) and Philippine Economic Zone Authority (PEZA)


The philippine advantage

POLICY DIRECTIONS

  • Continued fiscal consolidation

  • Countrywide development through the super regions

  • Increased infrastructure spending

  • Clear agenda for competitiveness

  • Reforms for good governance


The philippine advantage

Macroeconomic achievements are carried through at the operating level . . .

  • A more responsive government and a business-friendly environment

  • Focus on infrastructure development and competitiveness-enhancement

  • Emergence of new growth industries

Renewed investor confidence


The philippine advantage

THE PHILIPPINE ADVANTAGE IN e-SERVICES

  • Location, Location, Location

  • Strategic location in Asia

  • Strong infrastructure support

  • Centrally-located IT parks

  • Supportive Regulatory and Policy Environment

  • Government priority

  • Incentives package

  • Significant Impact on Bottomline

  • Human resource advantage

  • Efficiency and productivity

  • Cost savings – IT personnel, real

    estate, telecoms


The philippine advantage

Discover

The

Philippine

Advantage!


  • Login