“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
“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
“…It is wise to consider the strong fundamentals of the Philippine economy (demographic dividend, strategic geographical location in the most dynamic economic region in the world today—the Indo-Pacific region—and vast natural resources, among others) as the main reasons for investing in the Philippines...” ... continue reading
“Where will the next Government obtain the long-term capital needed to continue improving Philippine infrastructures by making sure we are investing 5 to 6 % of our GDP in this vital sector? The answer is a no brainer: Foreign Direct Investments.” ... continue reading
Does the Philippines need to ‘promote’ the refining sector of the downstream country’s refined petroleum industry?
One sector of the industry that has seen a reduction in the number of players is refining. Before deregulation, the country had three refiners (Petron, Shell, and Caltex). Caltex exited soon after deregulation, converting its refinery instead into an import facility. The oil refining industry is a capital ... continue reading
60% of Filipinos haven’t yet benefitted from the Fourth Industrial Revolution, says eminent economist
"Like the first three industrial revolutions, [the “Fourth Industrial Revolution” (IR4)] has the potential to raise global income levels and improve the quality of life for populations around the world. Predictably, those who have benefited most from it have been consumers who are able to afford and access ... continue reading