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INVESTING IN THE PHILIPPINES IN 2009 PHILIPPINE EMBASSY PRAGUE CZECH-ASIA FORUM 2009

INVESTING IN THE PHILIPPINES IN 2009 PHILIPPINE EMBASSY PRAGUE CZECH-ASIA FORUM 2009 KAMPA HOTEL, PRAGUE 02 MARCH 2009. PHILIPPINES FACTS AND FIGURES. Population : 92.2 million GDP growth : 4.6% (Jan-Nov 2008) Forecast in 2009 (GDP) : 3.7 to 4.7% GNP : 5.9% (Jan-Oct 2008)

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INVESTING IN THE PHILIPPINES IN 2009 PHILIPPINE EMBASSY PRAGUE CZECH-ASIA FORUM 2009

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  1. INVESTING IN THE PHILIPPINES IN 2009 PHILIPPINE EMBASSY PRAGUE CZECH-ASIA FORUM 2009 KAMPA HOTEL, PRAGUE 02 MARCH 2009

  2. PHILIPPINES FACTS AND FIGURES Population : 92.2 million GDP growth : 4.6% (Jan-Nov 2008) Forecast in 2009 (GDP) : 3.7 to 4.7% GNP : 5.9% (Jan-Oct 2008) Inflation rate : 7.1% (January 2009) Total external trade : USD105.6 billion Balance of trade : USD7.6 billion Exports : USD2.6 billion (Dec. 08) Imports : USD3.3 billion (Dec. 08) Employment rate : 93.2% Literacy rate : 92.3%

  3. PHILIPPINE ECONOMIC RESILIENCY PLAN 2009 • Ensure sustainable growth and attain the higher end of the growth targets; • Save and create as many jobs as possible; • Protect the most vulnerable sectors – poorest of the poor, returning overseas Filipino workers, and workers in export industries; • Ensure low and stable prices; and • Improve competitiveness in preparation for the global economic rebound.

  4. COMPONENTS OF THE ERP • USD3.4 billion increase in the 2009 budget over that of 2008 to hire needed personnel such as teachers, policemen, soldiers and doctors; repair and rehabilitation of government buildings and fast-track purchases of supplies and equipment; strengthen agriculture support; implement quick-disbursing high-impact projects; and expand social protection programs • USD851 million earmarked for tax cuts for low and middle income earners (USD425 billion) and the scheduled cut in corporate income taxes (USD425 million) as provided in the Revised Value Added Tax Law. • USD2.2 billion from GOCCs, GFIs and the private sector to fund infrastructure projects • USD640 million to support pension disbursement and improve access to health services • USD5.4 million support to returning overseas workers • Creation of 180,000 jobs under the 6-month Emergency Employment Program

  5. INVESTMENT PRIORITY AREAS • High-end, high-value investments • Services in IT, health & wellness, ecotourism, logistics & the retirement industry  • Infrastructure • Manufacturing • Mining

  6. THE SUPERREGIONS North Luzon Luzon Urban Beltway Central Philippines Cyber Corridor Mindanao

  7. INVESTMENT OPPORTUNITIES IN INFRASTRUCTURE • Physical infrastructure – highways, railways, roads and bridges • Power generation – those utilizing indigenous and renewable energy sources, and other   energy sources adopting environmentally-friendly except oil-fired projects • Agricultural Infrastructure – irrigation, pre and post harvest storage, agro processing and   packaging facilities, transportation, and bulk storage • Mass housing – low-cost and socialized housing projects

  8. INVESTMENT OPPORTUNITIES IN INFRASTRUCTURE • Bulk water supply  • Mass rail transport  • Pipeline projects for oil and gas – transport of petroleum products and natural gas, petrochemicals,   and similar products • Projects under Build-Operate-Transfer (BOT) Law • Pipeline projects for oil and gas – such as passenger and cargo shipping, warehousing, ports,   terminals, and cargo air transport

  9. Communications Water Resources Power and 1.25% 14.64% Electrification (USD475 m) (USD5.5b) 21.10% (USD8.0 b) Social Infrastructure 9.60% (USD3.6 b) Transportation Support to ARCs 51.96% 1.44% (USD19.7 m) (USD547 m) Medium Term Public Investment Plan for Infrastructure Development Total investments = USD38 billion 4.45% of total GDP for 2006-2010

  10. Water Transport 4% USD700 m Air Transport 12% USD2.3 b Urban/Rail 41% USD8.1 b Roads and Bridges 43% USD8.6 b Allocation of Transport Infrastructure Investment

  11. LGUs Other Sources 2% 4% Private 27% Phil Govt 44% GOCCs/GFIs 23% Infrastructure Financing

  12. WHY INVEST IN THE PHILIPPINES? • quality manpower resources • strategic business location • liberalized and business friendly economy • hospitable lifestyle • unlimited business opportunities

  13. SOURCES OF INFORMATION FOR WOULD-BE INVESTORS • Board of Investments (http://www.boi.gov.ph) – for information on general investment guidelines • Agencies of the Philippine government (http://www.gov.ph) - main government portal • http://tradelinephil.dti.gov.ph/betp/dti2.main

  14. End Thank you!

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