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THE PHILIPPINE ADVANTAGE

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%

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THE PHILIPPINE ADVANTAGE

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  1. THE PHILIPPINE ADVANTAGE Secretary Peter B. Favila Department of Trade and Industry

  2. 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

  3. 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 . . .

  4. 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)

  5. … 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)

  6. FDI flows remain on the uptrend . . . FOREIGN DIRECT INVESTMENT, net (US$M) Source: Bangko Sentral ng Pilipinas (BSP)

  7. . . . 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)

  8. POLICY DIRECTIONS • Continued fiscal consolidation • Countrywide development through the super regions • Increased infrastructure spending • Clear agenda for competitiveness • Reforms for good governance

  9. 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

  10. 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

  11. Discover The Philippine Advantage!

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