1 / 11

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%

chase-harrison
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. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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!

More Related