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
PhilMarine - The 7th Edition of Philippines Marine 2021 Co-located with: Shipbuilding Philippines 2021 & Offshore Philippines 2021, an international Maritime, Shipbuilding and offshore Exhibition in Manila.…
The automotive sector has grown over the past years and will continually grow despite the economic slowdown. Due to the increasing demand, Execution by OTH brings you The Asia Pacific Automotive Innovation & Technology Virtual Summit. The event will highlight the futuristic innovative trends, current updates and developments, latest advanced technologies, and opportunities in the automotive industry. The…
Transport operations and infrastructure development were acutely impacted by the Covid-19 pandemic as lockdowns stalled construction projects, movement restrictions prohibited travel even within communities and a ban on international arrivals in March limited aviation services for the rest of 2020. The government is now intent on restarting activity across the economy through infrastructure…
As globalisation has increased, the world’s supply chains have become substantially more interconnected, and goods often have more stages to pass through before reaching the end consumer. From national lockdowns to closed airspace and land borders, Covid-19 resulted in unprecedented disruption to the mechanics of most economies, regardless of their size or stage of development. In particular,…
Transport operations and infrastructure development in the Philippines were acutely impacted by the Covid-19 pandemic as lockdowns stalled construction projects, movement restrictions prohibited travel even within communities, and a ban on international arrivals in March limited aviation services for the rest of 2020. As the country’s response to Covid-19 began to take shape in the first half of…
Interview:Rubén Camba How do you assess the infrastructure investment climate in the region amid Covid-19, and to what extent might the economic downturn disrupt plans? RUBÉN CAMBA: The GDP of the Asia-Pacific region has grown by an average of 5-6% in recent years, and proved its ability to recover quickly from economic shocks after the 2007-08 financial crisis. The region fell into a recession…
Interview:Tony Fernandes Which roadblocks do entrepreneurs face in ASEAN economies, and where are there opportunities? TONY FERNANDES: There are some countries where entrepreneurship is difficult because the government owns everything. The government should create and enable entrepreneurs instead of interfering with their businesses. For example, there is potential for a huge conflict of interest…
As the Philippines’ response to the Covid-19 pandemic began to take shape in the first half of 2020, it soon became clear that transport and infrastructure spending would be protected as a key driver of economic continuity and recovery. In an April outline of the socio-economic response, Carlos Dominguez, the secretary of finance, stated that the government would press on with its Build,…
The 2020 budget has reaffirmed the Philippines’ commitment to infrastructure development as a major economic growth driver. The P4.1trn ($80.3bn) budget, which was approved in January, allocated P682.3bn ($13.4bn) to infrastructure, equivalent to 16.6% of total expenditure. The funds will be distributed through two government bodies: the Department of Public Works and Highways (DPWH), and the…
