The economy of the Philippines is open to trade and capital inflows, and has grown rapidly since 2002. Over the last 10 years, however, domestic investment, while stagnant in real terms, has shrunk as a share of GDP. In an open and growing economy, why the decline? Three reasons explain...
It seeks to build a more advanced open economy and create a double development dynamic with the domestic economy as the mainstay and the domestic economy and international engagement providing mutual reinforcement. (二)理念:开放、绿色、廉洁 2. Concepts: open, green and clean cooperation 共建“一带...
The Philippines ended 2023 on a high note, being the fastest growing economy across Southeast Asia with a growth rate of 5.6 percent—just shy of the government's target of 6.0 to 7.0 percent.1 Should projections hold, the Philippines is expected to, once again, show significant growth in ...
The Philippines has gradually shifted from an agrarian to an industrial and service-oriented economy. In 1980, agriculture accounted for about one-fourth of the nation’s GDP, but that has dwindled over the years to 9.3%. The agricultural sector includes forestry, hunting, fishing, the cultivati...
Sustainability consciousness was further examined using the three dimensions, such as environment, society, and economy. By drawing the perception map of students and studying the role of the locus of control, the reasons why sustainability knowledge does not appear in sustainability behaviour were ...
In fact, the Philippines has one of the fastest-growing economies in Asia. Until the pandemic, the Philippine economy didn’t experience a year of negative growth since the late 1990s, and consistently achieved growth exceeding 6% year-on-year. ...
Situated in the heartlands of the Cordilleras mountains of the Philippines and rising to an altitude of 1525 meters (5000 ft) are the Banaue Rice Terraces. The terraced fields were carved out by hand without modern tools by the Ifugao tribes and have been producing rice for almost 2,000 yea...
Interestingly, it was the world’s fastest growing economy last year, with a 62% increase in GDP, and is likely to claim that title again in 2023 with expected growth of 37%. This growth is largely driven by rising oil exports from Stabroek Block, an offshore oil field being developed ...
The strength of the Philippines’ financial services sector in 2023 will likely be subject to two key factors: interest rate hikes and rising inflation. Interest rate hikes could have a positive effect by widening the net-interest margin, but macrovolatility could cause a slowdown in new loans...
Focuses on the importance of the information technology (IT) sector in the Philippines to the IT industry in Japan. Background on the Philippine IT industry; Information on Advanced Technology and Systems Inc., a Philippine-based subsidiary of IBM-Japan and Alcantara Group of Companies; Factors ...