WELCOME TO THE BUSINESSWEEK MINDANAO GROUP OF NEWSPAPERS.
BusinessWeek Mindanao (November 13, 2015)Mindanao Daily Northmin (November 13, 2015)Mindanao Daily Northmin (November 12, 2015)Mindanao Daily Caraga (November 12, 2015)Mindanao Daily Northmin (November 11, 2015)Mindanao Daily Caraga (November 11, 2015)BusinessWeek Mindanao (November 10-11, 2015)Mindanao Daily Northmin (November 10, 2015)BusinessWeek Mindanao (November 9, 2015)Mindanao Daily Northmin (November 9, 2015)Mindanao Daily Caraga (November 9, 2015)CDOTIMES (November 7-13, 2015)BusinessWeek Mindanao (November 6, 2015)Mindanao Daily News (November 6, 2015)Mindanao Daily News (November 5, 2015)BusinessWeek Mindanao (November 4, 2015)Mindanao Daily Northmin (November 4, 2015)BusinessWeek Mindanao (November 2-3, 2015)Mindanao Daily Northmin (November 2-3, 2015)Mindanao Daily Northmin (October 30, 2015)BusinessWeek Mindanao (October 30, 2015)BusinessWeek Mindanao (October 29, 2015)BusinessWeek Mindanao (October 28, 2015)Mindanao Daily Northmin (October 28, 2015)Mindanao Daily Northmin (October 27, 2015)BusinessWeek Mindanao (October 26, 2015)Mindanao Daily Northmin (October 26, 2015)Mindanao Daily Northmin (October 25, 2015)The Cagayan Times (October 24-30, 2015)Mindanao Daily Northmin (October 24, 2015)Mindanao Daily Northmin (October 23, 2015)Businessweek Mindanao (October 22-23, 2015)Mindanao Daily Northmin (October 22, 2015)Mindanao Daily Caraga (October 22, 2015)BusinessWeek Mindanao (October 21, 2015)Mindanao Daily Northmin (October 21, 2015)Mindanao Daily Caraga (October 21, 2015)Mindanao Daily Northmin (October 20, 2015)Mindanao Daily Caraga (October 20, 2015)BusinessWeek Mindanao (October 19, 2015)Mindanao Daily Northmin (October 19, 2015)Mindanao Daily Caraga (October 19, 2015)CDOTIMES (October 17-23, 2015)Mindanao Daily Northmin (October 17, 2015)Mindanao Daily Northmin (October 16, 2015)BusinessWeek Mindanao (October 15-16, 2015)Mindanao Daily Northmin (October 15, 2015)BusinessWeek Mindanao (October 13-14, 2015)Mindanao Daily Northmin (October 14, 2015)Mindanao Daily Caraga (October 14, 2015)Mindanao Daily Northmin (October 13, 2015)Mindanao Daily Caraga (October 13, 2015)BusinessWeek Mindanao (October 12, 2015)Mindanao Daily Northmin (October 12, 2015)Mindanao Daily Caraga (October 12, 2015)CDOTIMES (October 10-16, 2015)BusinessWeek Mindanao (October 8-9, 2015)Mindanao Daily Northmin (October 9, 2015)Mindanao Daily Caraga (October 9, 2015)Mindanao Daily Northmin (October 8, 2015)BusinessWeek Mindanao (October 6-7, 2015)Mindanao Daily Northmin (October 7, 2015)Mindanao Daily Caraga (October 7, 2015)Mindanao Daily Northmin (October 6, 2015)Mindanao Daily Caraga (October 6, 2015)BusinessWeek Mindanao (October 5, 2015)Mindanao Daily Northmin (October 5, 2015)CDOTIMES (October 3-9, 2015)Mindanao Daily Northmin (October 3, 2015)BusinessWeek Mindanao (October 2, 2015)Mindanao Daily Northmin (October 2, 2015)Mindanao Daily Caraga (October 2, 2015)Mindanao Daily Northmin (October 1, 2015)Mindanao Daily Business (October 1, 2015)BusinessWeek Mindanao (September 30, 2015)Mindanao Daily Northmin (September 30, 2015)Mindanao Daily Business (September 30, 2015)Mindanao Daily Northmin (September 29, 2015)BusinessWeek Mindanao (September 28-29, 2015)Mindanao Daily Northmin (September 28, 2015)Mindanao Daily Davao (September 28, 2015)CDOTIMES (September 26-October 2, 2015)Mindanao Daily Northmin (September 25, 2015)BusinessWeek Mindanao (September 24-25, 2015)Mindanao Daily Northmin (September 24, 2015)Mindanao Daily Business (September 24, 2015)BusinessWeek Mindanao (September 23, 2015)Mindanao Daily Northmin (September 23, 2015)Mindanao Daily Northmin (September 22, 2015)Mindanao Daily Business (September 22, 2015)BusinessWeek Mindanao (September 21-22, 2015)Mindanao Daily Northmin (September 21, 2015)CDOTIMES (September 18-25, 2015)BusinessWeek Mindanao (September 19-20, 2015)Mindanao Daily Northmin (September 19, 2015)Mindanao Daily Northmin (September 18, 2015)BusinessWeek Mindanao (September 17-18, 2015)Mindanao Daily Northmin (September 17, 2015)Mindanao Daily Business (September 17, 2015)BusinessWeek Mindanao (September 16, 2015)Mindanao Daily Northmin (September 16, 2015)Mindanao Daily Northmin (September 15, 2015)BusinessWeek Mindanao (September 14-15, 2015)Mindanao Daily Northmin (September 14, 2015)Mindanao Daily Business (September 14, 2015)CDOTIMES (September 12-18, 2015)BusinessWeek Mindanao (September 11, 2015)Mindanao Daily Northmin (September 11, 2015)Mindanao Daily Business (September 11, 2015)Mindanao Daily Northmin (September 10, 2015)Mindanao Daily Caraga (September 10, 2015)Mindanao Daily Business (September 10, 2015)BusinessWeek Mindanao (September 9, 2015)Mindanao Daily Northmin (September 9, 2015)Mindanao Daily Northmin (September 8, 2015)Mindanao Daily Caraga (September 8, 2015)Mindanao Daily Business (September 8, 2015)Mindanao Daily Northmin (September 7, 2015)Mindanao Daily Caraga (September 7, 2015)Mindanao Daily Business (September 7, 2015)BusinessWeek Mindanao (September 6-8, 2015)CDOTIMES (September 5-11, 2015)Mindanao Daily Northmin (September 4, 2015)Mindanao Daily Business (September 4, 2015)BusinessWeek Mindanao (September 3-4, 2015)Mindanao Daily Northmin (September 3, 2015)Mindanao Daily Business (September 3, 2015)BusinessWeek Mindanao (September 2, 2015)Mindanao Daily Northmin (September 2, 2015)Mindanao Daily Caraga (September 2, 2015)Mindanao Daily Business (September 2, 2015)Mindanao Daily Northmin (September 1, 2015)Mindanao Daily Business (September 1, 2015)Mindanao Daily Northmin (August 31, 2015)Mindanao Daily Caraga (August 31, 2015)Mindanao Daily Business (August 31, 2015)BusinessWeek Mindanao (August 30 - September 1, 2015)CDOTIMES (August 29 - September 4, 2015)Mindanao Daily News (August 29, 2015)BusinessWeek Mindanao (August 28, 2015)Mindanao Daily Northmin (August 28, 2015)Mindanao Daily Business (August 28, 2015)Mindanao Daily Northmin (August 27, 2015)Mindanao Daily Caraga (August 27, 2015)Mindanao Daily Business (August 27, 2015)BusinessWeek Mindanao (August 26, 2015)Mindanao Daily Northmin (August 26, 2015)Mindanao Daily Caraga (August 26, 2015)Mindanao Daily Business (August 26, 2015)Mindanao Daily Northmin (August 25, 2015)Mindanao Daily Business (August 25, 2015)Mindanao Daily Northmin (August 24, 2015)Mindanao Daily Business (August 24, 2015)BusinessWeek Mindanao (August 23-24, 2015)CDOTIMES (August 22-28, 2015)BusinessWeek Mindanao (August 21, 2015)Mindanao Daily Northmin (August 21, 2015)Mindanao Daily Business (August 21, 2015)Mindanao Daily Northmin (August 20, 2015)Mindanao Daily Business (August 20, 2015)BusinessWeek Mindanao (August 19, 2015)Mindanao Daily Northmin (August 19, 2015)Mindanao Daily Northmin (August 18, 2015)Mindanao Daily Business (August 18, 2015)BusinessWeek Mindanao (August 17, 2015)Mindanao Daily Northmin (August 17, 2015)Mindanao Star (August 15-21, 2015)CDOTIMES (August 15-21, 2015)BusinessWeek Mindanao (August 14-15, 2015)Mindanao Daily Northmin (August 14, 2015)Mindanao Daily Caraga (August 14, 2015)Mindanao Daily Business (August 14, 2015)Mindanao Daily Northmin (August 13, 2015)Mindanao Daily Caraga (August 13, 2015)Mindanao Daily Business (August 13, 2015)BusinessWeek Mindanao (August 12, 2015)Mindanao Daily Northmin (August 12, 2015)Mindanao Daily Caraga (August 12, 2015)Mindanao Daily Business (August 12, 2015)Mindanao Daily Northmin (August 11, 2015)Mindanao Daily Caraga (August 11, 2015)Mindanao Daily Business (August 11, 2015)BusinessWeek Mindanao (August 10, 2015)Mindanao Daily Northmin (August 10, 2015)Mindanao Daily Caraga (August 10, 2015)Mindanao Daily Business (August 10, 2015)CDOTIMES (August 8-14, 2015)BusinessWeek Mindanao (August 7, 2015)Mindanao Daily Northmin (August 7, 2015)Mindanao Daily Caraga (August 7, 2015)Mindanao Daily Business (August 7, 2015)Mindanao Daily Northmin (August 6, 2015)Mindanao Daily Business (August 6, 2015)BusinessWeek Mindanao (August 5, 2015)Mindanao Daily Northmin (August 5, 2015)Mindanao Daily Caraga (August 5, 2015)Mindanao Daily Business (August 5, 2015)Mindanao Daily Northmin (August 4, 2015)Mindanao Daily Caraga (August 4, 2015)Mindanao Daily Business (August 4, 2015)BusinessWeek Mindanao (August 3, 2015)Mindanao Daily Northmin (August 3, 2015)Mindanao Daily Caraga (August 3, 2015)Mindanao Daily Business (August 3, 2015)Mindanao Daily News (August 1, 2015)Mindanao Daily Northmin (July 31, 2015)Mindanao Daily Business (July 31, 2015)BusinessWeek Mindanao (July 30-31, 2015)CDOTIMES Commemorative Edition (July 31, 2015)Mindanao Daily Northmin (July 30, 2015)Mindanao Daily Business (July 30, 2015)Mindanao Daily Northmin (July 29, 2015)Mindanao Daily Caraga (July 29, 2015)Mindanao Daily Business (July 29, 2015)BusinessWeek Mindanao (July 28-29, 2015)CDOTIMES (July 25-30, 2015)Mindanao Daily Northmin (July 28, 2015)Mindanao Daily Caraga (July 28, 2015)Mindanao Daily Business (July 28, 2015)BusinessWeek Mindanao (July 27, 2015)Mindanao Daily Northmin (July 27, 2015)Mindanao Daily Business (July 27, 2015)BusinessWeek Mindanao (July 24-25, 2015)Mindanao Daily Northmin (July 24, 2015)Mindanao Daily Caraga (July 24, 2015)Mindanao Daily Business (July 24, 2015)Mindanao Daily Northmin (July 23, 2015)Mindanao Daily Business (July 23, 2015)BusinessWeek Mindanao (July 22-23, 2015)Mindanao Daily Northmin (July 22, 2015)Mindanao Daily Caraga (July 22, 2015)Mindanao Daily Business (July 22, 2015)Mindanao Daily Northmin (July 21, 2015)Mindanao Daily Caraga (July 21, 2015)Mindanao Daily Business (July 21, 2015)BusinessWeek Mindanao (July 20-21, 2015)Mindanao Daily Northmin (July 20, 2015)Mindanao Daily Business (July 20, 2015)CDOTIMES (July 18-24, 2015)Mindanao Daily News (July 18, 2015)Mindanao Daily Northmin (July 17, 2015)Mindanao Daily Business (July 17, 2015)Mindanao Daily Caraga (July 17, 2015)BusinessWeek Mindanao (July 16-17, 2015)Mindanao Daily Northmin (July 16, 2015)Mindanao Daily Business (July 16, 2015)Mindanao Daily Caraga (July 16, 2015)BusinessWeek Mindanao (July 15-16, 2015)Mindanao Daily Northmin (July 15, 2015)Mindanao Daily Business (July 15, 2015)Mindanao Daily Northmin (July 14, 2015)Mindanao Daily Business (July 14, 2015)BusinessWeek Mindanao (July 13-14, 2015)Mindanao Daily Northmin (July 13, 2015)Mindanao Daily Business (July 13, 2015)CDOTIMES (July 11-17, 2015)Mindanao Daily News (July 11, 2015)BusinessWeek Mindanao (July 10-11, 2015)Mindanao Daily Northmin (July 10, 2015)Mindanao Daily Business (July 10, 2015)Mindanao Daily Caraga (July 10, 2015)Mindanao Daily Northmin (July 9, 2015)Mindanao Daily Business (July 9, 2015)BusinessWeek Mindanao (July 8-9, 2015)Mindanao Daily Northmin (July 8, 2015)Mindanao Daily Business (July 8, 2015)Mindanao Daily Northmin (July 7, 2015)Mindanao Daily Business (July 7, 2015)BusinessWeek Mindanao (July 6-7, 2015)Mindanao Daily Northmin (July 6, 2015)Mindanao Daily Business (July 6, 2015)Mindanao Daily News (July 5, 2015)CDOTIMES (July 4-10, 2015)Mindanao Daily News (July 4, 2015)BusinessWeek Mindanao (July 3-4, 2015)Mindanao Daily Northmin (July 3, 2015)Mindanao Daily Business (July 3, 2015)Mindanao Daily Northmin (July 2, 2015)Mindanao Daily Davao (July 2, 2015)Mindanao Daily Caraga (July 2, 2015)BusinessWeek Mindanao (July 1-2, 2015)Mindanao Daily Northmin (July 1, 2015)Mindanao Daily Davao/Business (July 1, 2015)Mindanao Daily Caraga (July 1, 2015)Mindanao Daily Northmin (June 30, 2015)Mindanao Daily Davao (June 30, 2015)Mindanao Daily Caraga (June 30, 2015)


Strategies for human capital, infra dev’t highlighted in PEB

The country’s top economic officials presented strategies to further pursue development of human capital and infrastructure which they said should help the Philippines hop on to the next stage of progress, during the 28th Philippine Economic Briefing (PEB) last Wednesday.
With the theme “Shaping Our Future,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said investing in human capital and infrastructure development, together with institutionalizing good governance, serve as good foundation for further progress.
Over the past five years, the Philippines has become one of the fastest growing economies in the world due to rising investments and consumption on the back of improved fundamentals and better governance.
Economic managers say the Philippines can graduate to a stage where economic growth is even faster, is sustained for the long-term, and is more inclusive.
This is because the Philippines is said to be within the “demographic window” starting this year until 2050. This window is a period when a great majority of the population is of working age and, as such, there is chance for productivity to further accelerate.
Based on estimates, countries that enter the demographic window post an average growth of 7.3 percent for the first 10 years of entry to the window.
However, in order for the Philippines to actually seize the opportunity, there should be good quality of workforce and attractive investment climate. The latter requires, among others, sufficient infrastructure.
“In order to move us forward and on a higher economic growth trajectory, we need to make even more specific steps to further institutionalize governance, raise human capacity, and build infrastructure,” Tetangco said in his opening remarks.
Finance Secretary Cesar V. Purisima said the Department of Finance, as chair of the Economic Development Cluster, is committed to a whole-of-government approach to developing human capital and improving infrastructure.
“Our partnership with the people is the ultimate PPP (Public-Private Partnership). Leveraging our continually rising budgets for education, health, and infrastructure is a sure-fire way to optimize our demographic dividends. This is the investment we pay forward for future generations,” Purisima said in a statement.
”We are projected to be Southeast Asia’s biggest economy by 2050; investing in our own people and infrastructure will ensure we have one that is inclusive and sustainable,” the finance chief added.
Economic Planning Secretary Arsenio Balisacan said the structure of the Philippine economy is changing for the better, given improved governance and implementation of prudent policies. He said investments in human capital development should coincide with this.
“Structural transformation is now happening, and this must be further facilitated by preparing the workforce,” Balisacan said. “We owe it to ourselves to get it right this time,” he added.
Balisacan said that if the Philippines seizes the opportunity brought about by the demographic window, it has the potential of sustaining GDP growth of at least 7 percent year-on-year, which could bring the economy to a higher middle income status with gross per capita income of $4,000 by the end of the next administration.
He also said sustaining that pace of growth for three more administrations could bring the economy to high-income status with gross per-capita income of $12,700 dollars by 2040.
Improving the quality of workforce is high in the agenda of the Aquino administration. In pursuit of human capital development, the following are some of the projects and programs cited during the economic briefing: substantial increase in annual budget for health and education, curriculum reforms to better meet industry requirements, technical skills development, and expansion of the Conditional Cash Transfer (CCT) program.
The government’s budget for education has grown year after year from P225.1 billion in 2010 to P453.0 billion in 2015. The budget for health services has leaped from P31.0 billion to P96.3 billion over the same period.
Moreover, the budget for the Conditional Cash Transfer (CCT) program, which encourages school attendance among children from poor households, has also consistently risen. It stands at P62.3 billion this year compared with P10.9 billion in 2010.
“This administration would be noted in history as one that has actually provided that increase in the budget that will allow the education department to actually implement the programs that hopefully bring the graduates that industry needs,” Education Secretary Armin Luistro said in one of the panel discussions.
Meantime, on infrastructure development, details of the Transport Roadmap were presented by Noriaki Niwa, chief representative to the Philippines of Japan International Cooperation Agency (JICA), during the economic briefing. The roadmap includes establishment of road networks and expressways, subways, railways, and other transportation systems for Metro Manila and surrounding areas up to 2030.
The Transport Roadmap is meant to ease mobility and ensure sufficient infrastructure to meet the requirements of a growing population and rising business activities in the covered areas.
It seeks to achieve “5 NOs” for Metro Manila and surrounding areas: (1) no traffic congestion, (2) no household in hazardous conditions, (3) no barriers for seamless mobility, (4) no excessive cost burden for low-income groups, and (5) no air pollution.
“The Transport Roadmap, which used to be called a “Dream Plan,” is no longer just a dream; it is already part of the roadmap of the Philippine government,” Secretary Rogelio Singson of the Department of Public Works and Highways said in the panel discussion on infrastructure development.
Singson said most of the road projects under the Transport Roadmap are already in various stages of development either through the Public-Private Partnership (PPP) program or through government funding.
With the comprehensive components of the Transport Roadmap, its implementation is expected to significantly decongest Metro Manila and surrounding areas, and to support sustained growth in business activities.
Besides government’s economic managers, private-sector representatives also served as resource persons during the economic briefing. They were: Maria Ressa, chief executive officer of Rappler; Jose Arnulfo Veloso, president and chief executive officer (CEO) of HSBC Philippines; Nico Jose Nolledo, CEO of Xurpas, Inc.; Rodrigo Franco, president and CEO of Manila North Tollways Corp.; Mary Jane Alvero Al-Mhadi, CEO of Geo Science Laboratory; and Andrew Acquaah Harrison, chief executive advisor of GMR Megawide Cebu Airport.
JICA’s Niwa also served as a member of one of the panels during the event. JICA was the government’s partner in developing the Transport Roadmap.
The Philippine Economic Briefing is a flagship activity of the Investor Relations Office (IRO) aimed at providing macroeconomic updates and discussing issues confronting the government’s priority sectors. (DOF)