World Bank reported that the Philippines received USD 33 billion remittances in 2017, third to India (USD 69b) and China (USD 64b). Despite employment bans and various causes of repatriations, WB predicts, “Global remittances are expected to increase this year, by 4.1 percent.” Good news for industries such as real estate, finance, consumer goods, insurance ... continue reading
Who knew that aside from the new normal, the pandemic would also give rise to numerous new trends and even hobbies? Take home gardening, for example. With everyone being cooped up inside their respective homes, Filipinos turned to something that would make their stay worthwhile, and voila! Caring for plants has become a trend. The ... continue reading
If one will ask what the previous government administration was known for, most of the answers will probably be the “Build, Build, Build” program. According to the Department of Public Works and Highways (DPWH), through this project, over 6.5 million Filipinos have been provided jobs between 2016 to 2020. Some of the completed projects under ... 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
We probably know bits and pieces about overseas employment from what we see in the news and social media but we may not fully appreciate the process and the people behind overseas work. This is what this article describes. Many of those who attempt to apply for work abroad think that they can do so ... 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
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
When global leaders, top businessmen or executives talk about jobs post-COVID-19 pandemic, there is emphasis on technology, Work from Home, service with minimal physical contact, webinar meetings, acceleration of the pace of digital transformation, access to new platforms and digital marketplaces. They warn that there will be new ways of customer service and product delivery ... continue reading
According to renowned economist, Dr. Bernardo M. Villegas, now is the time for Foreign Direct Investors to invest in the Philippines for several factors. He explains, “…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 ... continue reading
With the recent developments in the country, economists are looking closely at the future economic status of the Philippines as it shifts to a new administration. According to CRC Research Director Dr. Bernardo M. Villegas, the Philippines’ GDP can keep growing to at least 6 to 7% for the next six years or so. How? ... continue reading
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