“Despite the challenges brought about by the pandemic, remittances remained resilient. Based on the results from the model simulated for our first objective, it showed that remittances actually cushion GDP, consumption, and national savings in hard times. Literature also showed how Filipinos send more money in times of distress to help households cope.” ... continue reading
With the Philippines being a highly agricultural country, it’s safe to say that the agriculture sector is one that the country must develop and help continue to flourish. According to statista.com, “the contribution of the agriculture, forestry, and fishing sector industry to the GDP of the Philippines was at 9.6 percent in 2021.” In addition, ... continue reading
A subsidiary of Nickel Asia Corporation, Rio Tuba Nickel Mining Corp. (RTNMC), was able to register a total national (value-added) multiplier effect of Php44.2 billion between 2017 and 2021 or Php8.8 billion per year, from its various economic projects, according to a study by economic consulting and research firm Center for Research and Communication (CRC). ... continue reading
For many Filipinos, imagining the Philippines as a first world country may be a far-fetched dream; but is it? In his newest book, entitled, “The Philippine Economy Towards First World Status,” Dr. Bernardo M. Villegas provides a lengthy discussion on why the country is geared towards becoming a first world country between the years 2040 ... continue reading
“The host government strategies reveal the strength of leadership and stability of social service system. The more comprehensive the government social services, the better it can protect the welfare of its laborers, including foreign workers.” … The situation of foreign workers in different countries and ... continue reading
“… The highest priority of the Government should be given to two areas of concern: [the second] how to improve the productivity of the agricultural sector… Top officials of the Department of Agriculture outlined the key pillars of the ongoing programs to improve agricultural productivity that they wish would be adopted by the next ... continue reading
When it comes to tourism, it is no secret that one of the things the Philippines is most famous for is its pristine beaches. That’s why it comes as no surprise when Dr. Bernardo Villegas states that Palawan will be one of the places that will benefit the most from the economic recovery of the ... continue reading
“Why then should they seek work overseas? The quick answer is that there is a surge in unemployment as a consequence of the COVID-19 pandemic and the months of lockdown - and leaving the country may be the only hope they have for landing a job.” ... continue reading
One of the key topics of the Center for Research and Communication’s (CRC) Series of Economic Fora included the “Arts, Entertainment, and Advertising to Steer Philippine Economy.” Done in collaboration with the Philippine Department of the Interior and Local Government (DILG), Konrad-Adenauer-Stiftung Philippines Office, Censei, the DAP Graduate School of Public and Development Management, PSPA ... continue reading
“Transitioning to the Next Administration”, published on May 17, 2022 in his column “Business and Society” in the Manila Bulletin, CRC Director for Research Dr. Bernardo M. Villegas shares pointers on the best course to further strengthen the country’s tourism which will greatly contribute to the Philippines’ GDP growth. ... continue reading
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