A Business Perspective

Arangkada is a comprehensive menu of recommendations for the country at this important crossroads. Published in December 2010 by the Joint Foreign Chambers of Commerce in the Philippines (JFC), it reflects proposals of the 2,000 foreign and domestic business members of the JFC who are prepared to invest continuously and heavily in the country and who all envision a brighter future for all Filipinos. [ Read more ]

7 Winning Sectors: Infrastructure

The Philippines is significantly underinvesting in physical infrastructure, with its public sector infrastructure budget consistently below 3% of GDP. Spending on social infrastructure for education and health is also inadequate at slightly over 4% of GDP. Polls of businessmen repeatedly show poor infrastructure as one of the top challenges facing the Philippine economy, second only to corruption. Like corruption, poor infrastructure severely weakens economic competitiveness. [ Read more ]

2. Mining

With an estimated $1.4 trillion in mineral reserves, especially gold, copper, nickel, aluminum, and chromite, the mining potential of Philippines is one of largest in the world. According to the Mines and Geosciences Bureau (MGB), the archipelago is second in the world in gold and third in copper resources. The country is ranked top five in the world for overall mineral reserves. [ Read more ]

3. Tourism

Tourism development can have strong poverty reduction effects in remote and rural areas. It has been calculated that for every foreign tourist that visits the country and spends about a thousand dollars, one job for one year is supported. Each $1 spent by a tourist to pay for accommodation services gets multiplied 2.1 times. [ Read more ]

4. Manufacturing & Logistics

The development path of each of Asia's advanced and middle-income economies has been characterized by strong growth of the industrial sector and large shifts of workers from lower value-added agriculture and services into higher-value manufacturing and exports. This has yet to take place in the Philippines on a sufficiently large scale. [ Read more ]

5. Agribusiness

About 12 million Filipinos work in the agricultural sector. If the country can significantly increase its exports and imports of agricultural goods, agricultural provinces would generate much greater revenue, provide more employment opportunities, and lessen poverty in rural areas. This is especially important for Mindanao, the country's breadbasket that has great underdeveloped potential for agricultural exports. [ Read more ]

6. Business Process Outsourcing

Information technology and business process outsourcing (IT-BPO) is the fastest-growing employment and one of the highest revenue generating economic sector in the Philippines today. IT-BPO is the biggest of our Seven Big Winners, because of its current size, high growth rate, and potential to employ millions of Filipinos. [ Read more ]

7. Creative Industries

Filipinos enjoy a well-deserved international reputation for creativity. Filipino musicians and singers have long been global troubadours and in recent years are entertaining luxury cruise passengers and appearing on stage in West End and Broadway musicals. Filipino designers and crafts persons have helped the country to be known as the "Milan of Asia" in designer circles. [ Read more ]

ARANGKADA
- REPORT
- ASSESSMENT
- FORUM
GROWTH
COMPETITIVENESS
INDUSTRIES
- THE SEVEN WINNERS
- > AGRIBUSINESS
- > BUSINESS PROCESS OUTSOURCING
- > CREATIVE INDUSTRIES
- > INFRASTRUCTURE
- > MANUFACTURING & LOGISTICS
- > MINING
- > TOURISM
CLIMATE

Disclaimer - Arangkada Philippines

Disclaimer

Arangkada Philippines is a comprehensive advocacy paper intended to share recommendations leading to the creation of $75 billion in new foreign investment, 10 million jobs and over one trillion pesos in revenue for the Philippine economy within this decade. In an increasingly interlinked and competitive world, accelerating growth is an imperative, not a choice. The Joint Foreign Chambers of Commerce in the Philippines (JFC) estimates that, to achieve these results, the country must focus on more rapid development of the Seven Big Winner Sectors and move twice as fast! [ Read more ]

GDP, 2010	7.3% to $199.589B
GDP, 4Q 2010	7.1% to $12.345B
GDP Per Capita, 2010	$2,140.1
Exports, 2010	33.7% to $51.393B
Exports, Dec. 2010	25.3% to $4.162B
FDI Inflows, 2010	$1.713B
Poverty Rate, 2009	26.5%
Population, 2010	93.26 million
Classification (WB)	lower middle income

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