The Philippines posted average economic growth of 6.4% over 2010-19. While the Covid-19 pandemic tested the country’s resilience during 2020, the response measures contained within the two national stimulus packages, Bayanihan 1 and 2, provided support to vulnerable industries. Meanwhile, the rollout of the imminent Corporate Recovery and Tax Incentives for Enterprises bill is expected to create
In an era marked by profound technological disruption and intense global competition in new frontier industries, emerging markets are striving to improve and adapt their education systems to reconcile the demands of the modern economy and the needs of citizens. As such, innovative solutions are being developed to address barriers within traditional education systems. As such, education technology…
Educational attainment in the Philippines was falling at the beginning of the 21st century, marked by declining enrolment and literacy rates, as well as persistent underfunding. In response, successive governments have worked to overhaul the education system and increase expenditure, taking measures to keep more children in school, raise the quality of tertiary education, enhance the education…
Economies around the world are reforming their tertiary education systems to ensure competitiveness in the Fourth Industrial Revolution. This refers to the evolution of disruptive technologies, such as artificial intelligence and the internet of things, which is enhancing connectivity and transforming the demands on the global labour market. In response, senator Win Gatchalian proposed Senate…
Interview:Fortunato de la Peña How are the Department of Science and Technology (DoST), academia and private business working together to upskill the workforce? DE LA PEÑA: The private sector informs the government of the competencies that are needed by the labour market. The government, in turn, advises academia to provide the courses and training needed by the labour market and grants scholarships…
Educational attainment in the Philippines was falling at the beginning of the 21st century, marked by declining enrolment and literacy rates, as well as persistent underfunding. In response, successive governments have worked to overhaul the education system and increase expenditure, taking measures to keep more children in school, raise the quality of tertiary education, enhance the education system’s…
Favourable demographics, ongoing structural reforms, and an increasing openness to foreign participation bode well for the prospects of the Philippine economy over the medium to long term. In 2019 cooling inflation as a result of easing commodity prices and the implementation of supply-side policies have improved business sentiment, while the general endorsement of President Rodrigo Duterte’s ag
The government has been investing heavily in higher education institutions (HEIs) and innovation activities in key industries, expanding the collaboration between academia, industry and government, as well as developing research and development (R&D) projects in different provinces around the country. Though funding for innovation falls short of global standards – amounting to 0.14%…
Educational institutions in the Philippines are gradually recognising the relevance of science, technology, engineering and mathematics (STEM) education in supporting innovation and driving future economic growth. In a bid to increase the number of graduates who enrol in science and mathematics-related courses at the tertiary level, the K-12 programme now provides senior high school students…
Interview:Fortunato T de la Peña How can the Philippines ensure its workforce is prepared for the opportunities and challenges of the Fourth Industrial Revolution (4IR)? FORTUNATO DE LA PEÑA: There are more than 140,000 engineering and IT graduates per year, and the approach of the 4IR will present them with ample opportunities. While many of these graduates are currently employed by the…