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Filipino Seafarers Generate ₱1.06 Trillion in Economic Impact, Steering 4% of PH GDP – CRC Study

November 13th, 2025|

A groundbreaking study by the leading economic think tank Center for Research and Communication of the University of Asia and the Pacific (UA&P) and the Association of Licensed Manning Agencies (ALMA Maritime Group) has revealed that the Philippine seafaring industry generated a total ₱1.06 trillion in economic activity in 2024, underscoring its pivotal role in steering the national economy. The study, titled “The Overseas Seafarers’ Industry Profile, Structure, and Impact on the Philippine Economy,” found that ... continue reading

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