Philippines is progressing fast! Philippines has balance economy manufacturing & services, Philippines is one of the largest producer of chip semi conductors on the planet, one the leading exporter of electrical & electronics products on Earth, dubbed as " The International Call Center Capital of the World". Many many BIG Infra projects are ongoing construction all over Manila including the ambitious multibillion USDollar Hi - Speed Subway train.Phiippines is on track to become 1st world country.
@@jeffersondelapena5590Malinaw naman ang sinabi nya tungkol sa kaunlaran ng Pilipinas at may sense ang mga sinabi nya at true naman ang mga sinasabi nya tungkol sa Philippines, Indeed Philippines economy is rising fast!
Be more specific PH economy is doing wonders for the rich only Don't get confused BGC Makati Forbes Park Dasmarinas Ayala Alabang Village for the rich is not the entire PH
@@FeloLopeManufacturing sector, we are lagging behind our south east asian neighbours, chips manufacturing i doubt if we are one of the largest producers,leading exporter of electrical & electronics products, not sure about it, outsourcing business, yes there is truth to it and big infrastructure projects. It all boils down to good economics & governance. Pnoy’s average GDP & economic growth during his time was around 6+ something, then Digong came bringing along with him his wrecking ball.
The Philippines 🇵🇭 needs to push more in the areas of Manufacturing, Agribusiness, Mining, Tourism and Data Centers to further expand its earning capabilities and consequently, economic growth prospects in the future.
The so-called "6% annual GDP growth" in the Philippines is and will be useless if domestic employment generation is not broad-based where Filipinos without college degrees cannot get high-paying jobs due to the lack of business demand, thanks to the restrictive foreign equity ownership restrictions in key industries.
i don't think you can discuss merchandise trade without considering the value-added of major sectors. Philippine trade in goods is dominated by electronics, but most of our electronics exports have a high component of imported parts and intermediate assemblies. Is this changing over time? My understanding is that compared to its peers, the Philippine economy has a bigger domestic consumption component. This might be good for insulating the Philippines from the fluctuations of external markets.
Better have more manufacturing in Philippines ,not services , manufacturing give better GDP. Per Capital, like neighbors have , because can boost export. Services is nothing compared to manufacturing.
That's why when the world economy declines, those countries who rely mostly in manufacturing is the first to suffer. That's why until now those countries still struggling to get their GDP back. A good example is China.
@@edieiyon manufacturing is still the good way For Export not import,and contribute more GDP Per Capital and contribute more jobs and competitive, and what do you mean suffer? Vietnam is a manufacturing base too but they are growing,lol 😆
Services sector produces wealth without having to mine and exploit natural resources. If natural resources get depleted, manufacturing industry suffers. But as long as there is manpower, services can produce wealth.
The millionaire also hiring accounting and bookkeeper from the Philippines.,and most of the programmer and web developer is from the Philippines.,they earnings foreign money while working here in the Philippines.,
Since the previous administration there has always been a call for build and build for more infrastructures. But in the past fourth administration, the Ramos one, the emphasis was on export. I don’t know what happened. But I also know that there are IT parks (and not foreign-owned), big solar panel manufacturing, and food exports to Europe including a huge agricultural export particularly sugar, with its by-product which is Molasses, to different countries including the US. The second biggest export after sugar is copra with coconuts and its other by-products coming only second (to copra). Other agricultural exports are various tropical fruits. Fruit wines are also exported as well as beers and packed snacks while other food products are not, only for local consumption. Various local produce and sea and fish-farming harvests are numerous and are for local consumption as well as for abroad. For example, tuna in a part in Mindanao is a prized export product, and the tuna industry of the region is well-known in Japan. There are also handicrafts, furniture, home decors, and toiletries although perhaps not huge and likely to Europe only. The Philippines is also a big manufacturer of shoes although not exported. A part of the basic necessities such as clothings and those for educational and office usage are produced locally. Products such as electronics and cars are produced by foreign companies. There is also a big shipbuilding in Cebu building modern ships. Actually the country has been buiding Filipino-made modern-style big ships since the Spanish times for both passenger and cargo inter island shipping. But now there are other Asian shipping lines involved in the transportation of goods to Philippine international ports. A Filipino transportation company has been manufacturing numerous jeepneys since early last century. The country used to be the biggest manufacturer of steel in Asia. And various minerals in the country are mined and locally used and exported with gold as a prime commodity. There are also local product inventions but so far there is no news about mass production and exportation which perhaps may be due to lack of capital. Some say a Filipino invented geothermal power for producing electricity; however, it is confusing that the internet informs differently.
This is even without the support of the Philippines untapped oil and gas resources. Just imagine when the Philippines starts to exploit it's oil and gas resources.
Philippines is not lagged behind in South East Asia, Philippines is in Top in ASEAN infact Philippines today is the fastest GDP economic growth in all South East Asian countries, a lot"s of Big Infra projects in Philippines are ongoing construction including the Ambitious multi USBillion Dollar Hi-Speed Subway train, Philippines now is "The International Call Center Capital of the World" Philippines is progressing fast on track to become 1st world country
If we can find ways to lower our electricity cost, our life much better.. we are struggling for electricity bills, too scary to use any machine at home😂
Filipinos should take life more seriously and avoid being too relaxed. The habit of "Filipino time" also needs to change, as it reduces productivity and slows progress.
Making pandesa. Put more yeast and bicarbonate to make the dough. Put dough in Japan-made oven at a higher temperature for a little longer baking time. Walla! A Philippine-made bigger pandesa.
I dont feel optimist about this country.. sure i think philippines will progress than what it is now, but its more likely to just be in middle income trap kinda like thailand or brazil
Nice caption now behind phil,, interesting topics highlighted good vibes not negative one always u did!promoting what real good happen in our country today with pbbm , instead of ur doing lie and false information to ur viewer😂😂😅
How can you say Philippines'seconomy growing while more people live in abject poverty,people now well informed,lying makes your channel being abandoned
Duterte adminstration did worse. They borrowed more. Duterte used a lot confidential funds more. Crime rates is high because VP Sara has her private army imagine 300+ personal yet Robredo had 40-70. Crazy. The Duterte's are hypocrites. They welcome POGOs in the country increase crimes human trafficking foreign to domestic. It become a scam hub glad it was banned Duterte's EO enabled Pogos now see the cause. He even welcome China now look at WPS situation it worsen they want to claim it. Trusting them they only serve their interest not the people's. Remember Pharmally and over spending confidential funds going to Germany when Typhoon hit NCR. When pandemic how did district of davao Baste got Billions of funding? Crazy right you can check the facts budol is real.
philippines has gold and dollar reserves. the debt to reserve ratio is still within the ideal rate. no entity will lend money to the philippines if they cannot see growth or if the country is not capable of paying debts.
Philippines is progressing fast! Philippines has balance economy manufacturing & services, Philippines is one of the largest producer of chip semi conductors on the planet, one the leading exporter of electrical & electronics products on Earth, dubbed as " The International Call Center Capital of the World". Many many BIG Infra projects are ongoing construction all over Manila including the ambitious multibillion USDollar Hi - Speed Subway train.Phiippines is on track to become 1st world country.
Yes indeed Philippine economy was growing, no doubt about it pero ang labo yata ng mga sinabi mo? 😅 Iningles nga lang but it doesn’t make sense 😢
@@jeffersondelapena5590Malinaw naman ang sinabi nya tungkol sa kaunlaran ng Pilipinas at may sense ang mga sinabi nya at true naman ang mga sinasabi nya tungkol sa Philippines, Indeed Philippines economy is rising fast!
@@jeffersondelapena5590 agree, hindi balance manufacturing vs services natin
Be more specific PH economy is doing wonders for the rich only Don't get confused BGC Makati Forbes Park Dasmarinas Ayala Alabang Village for the rich is not the entire PH
@@FeloLopeManufacturing sector, we are lagging behind our south east asian neighbours, chips manufacturing i doubt if we are one of the largest producers,leading exporter of electrical & electronics products, not sure about it, outsourcing business, yes there is truth to it and big infrastructure projects. It all boils down to good economics & governance. Pnoy’s average GDP & economic growth during his time was around 6+ something, then Digong came bringing along with him his wrecking ball.
The Philippines 🇵🇭 needs to push more in the areas of Manufacturing, Agribusiness, Mining, Tourism and Data Centers to further expand its earning capabilities and consequently, economic growth prospects in the future.
the investor doesnt want philippines because the electricity cost is high. philippines fix your energy sectors.
Also add that foreign investors may not own majority of a company. Thanks to the outdated constitutional provision
Yeah, were on the way to changing the constitution under Pres. MARCOS
Its rising fast in high cost of living. Rising fast in prices of basic commodities.
The so-called "6% annual GDP growth" in the Philippines is and will be useless if domestic employment generation is not broad-based where Filipinos without college degrees cannot get high-paying jobs due to the lack of business demand, thanks to the restrictive foreign equity ownership restrictions in key industries.
i don't think you can discuss merchandise trade without considering the value-added of major sectors. Philippine trade in goods is dominated by electronics, but most of our electronics exports have a high component of imported parts and intermediate assemblies. Is this changing over time?
My understanding is that compared to its peers, the Philippine economy has a bigger domestic consumption component. This might be good for insulating the Philippines from the fluctuations of external markets.
Better have more manufacturing in Philippines ,not services , manufacturing give better GDP. Per Capital, like neighbors have , because can boost export. Services is nothing compared to manufacturing.
That's why when the world economy declines, those countries who rely mostly in manufacturing is the first to suffer. That's why until now those countries still struggling to get their GDP back. A good example is China.
@@edieiyon manufacturing is still the good way For Export not import,and contribute more GDP Per Capital and contribute more jobs and competitive, and what do you mean suffer? Vietnam is a manufacturing base too but they are growing,lol 😆
@@edieiyon and look how the country manufacturing growth 📈 become a powerhouse and compete internationally, and investors choose that.
The electricity cost in the Philippines is too high; the most expensive in ASEAN
Services sector produces wealth without having to mine and exploit natural resources. If natural resources get depleted, manufacturing industry suffers. But as long as there is manpower, services can produce wealth.
if philippines will boost its agriculture export and not reliant on imports. it will move to middle-income country
What? Philippines is already a middle-income country.
you mean upper income country
The millionaire also hiring accounting and bookkeeper from the Philippines.,and most of the programmer and web developer is from the Philippines.,they earnings foreign money while working here in the Philippines.,
Since the previous administration there has always been a call for build and build for more infrastructures. But in the past fourth administration, the Ramos one, the emphasis was on export. I don’t know what happened. But I also know that there are IT parks (and not foreign-owned), big solar panel manufacturing, and food exports to Europe including a huge agricultural export particularly sugar, with its by-product which is Molasses, to different countries including the US. The second biggest export after sugar is copra with coconuts and its other by-products coming only second (to copra). Other agricultural exports are various tropical fruits. Fruit wines are also exported as well as beers and packed snacks while other food products are not, only for local consumption. Various local produce and sea and fish-farming harvests are numerous and are for local consumption as well as for abroad. For example, tuna in a part in Mindanao is a prized export product, and the tuna industry of the region is well-known in Japan. There are also handicrafts, furniture, home decors, and toiletries although perhaps not huge and likely to Europe only. The Philippines is also a big manufacturer of shoes although not exported. A part of the basic necessities such as clothings and those for educational and office usage are produced locally. Products such as electronics and cars are produced by foreign companies. There is also a big shipbuilding in Cebu building modern ships. Actually the country has been buiding Filipino-made modern-style big ships since the Spanish times for both passenger and cargo inter island shipping. But now there are other Asian shipping lines involved in the transportation of goods to Philippine international ports. A Filipino transportation company has been manufacturing numerous jeepneys since early last century. The country used to be the biggest manufacturer of steel in Asia. And various minerals in the country are mined and locally used and exported with gold as a prime commodity. There are also local product inventions but so far there is no news about mass production and exportation which perhaps may be due to lack of capital. Some say a Filipino invented geothermal power for producing electricity; however, it is confusing that the internet informs differently.
This is even without the support of the Philippines untapped oil and gas resources. Just imagine when the Philippines starts to exploit it's oil and gas resources.
Great summary, just relocated to the Philippines and trying to learn as much as possible 😊
The Philippines need more growth as it lags behind it's ASEAN neighbors.
Philippines is not lagged behind in South East Asia, Philippines is in Top in ASEAN infact Philippines today is the fastest GDP economic growth in all South East Asian countries, a lot"s of Big Infra projects in Philippines are ongoing construction including the Ambitious multi USBillion Dollar Hi-Speed Subway train, Philippines now is "The International Call Center Capital of the World" Philippines is progressing fast on track to become 1st world country
thanks for our bpo and ofw
This tiny guy has a big mouth be like manny pagman humble n good human.
If we can find ways to lower our electricity cost, our life much better.. we are struggling for electricity bills, too scary to use any machine at home😂
Filipinos should take life more seriously and avoid being too relaxed. The habit of "Filipino time" also needs to change, as it reduces productivity and slows progress.
Bitter
👍👍
Making pandesa. Put more yeast and bicarbonate to make the dough. Put dough in Japan-made oven at a higher temperature for a little longer baking time. Walla! A Philippine-made bigger pandesa.
Pan de sal*
There was no trade deficit..the human export in the phillpiines is greater than we import...or even..the foriegn worker save the phil.economy😢
I dont feel optimist about this country.. sure i think philippines will progress than what it is now, but its more likely to just be in middle income trap kinda like thailand or brazil
Kaya paalisin na ang ofisyal t ravel ng walang pakinabang naguubos lang ng dollar reserves.
Di pa nga tapos 2024 ubos na e bakit kayya
G tph
Nah. We export more people than imports😂
No. Remittances amounted to US$36 B.
BPO earnings US$38 billion.
Both are greatly working for the country.
We also have other exports of electronics, agriculture.
There’s no jobs for them! That’s why they went overseas to work to support their family.
@@emilyacana341 Not all cases. There are plenty of jobs available in PH but some want you to work overseas due to higher pay.
Nasan?? Sabi ng salita nyu? 😅😅
Nice caption now behind phil,, interesting topics highlighted good vibes not negative one always u did!promoting what real good happen in our country today with pbbm , instead of ur doing lie and false information to ur viewer😂😂😅
Bong 2 dint take care of majority poor filipinos n their safety. Duderte was the best president.
It doesn’t help the working poor in the Philippines
You are right because Philippines is lock of manufacturing,that's why GDP Per Capital income is short. Can help the poor
@@Figures14 Filipinos forever idolize their politicians who enriched themselves only & did nothing for them the world of the Filipinos is upside down
How can you say Philippines'seconomy growing while more people live in abject poverty,people now well informed,lying makes your channel being abandoned
When you think economy what comes to youre mind individually or community
@@Cheesy_Shrek ate you the one writing this natrative??
@@hypocritehater1673 what
@@hypocritehater1673 what i am saying your conparing the overall of the country to individual😫
it's also growing in cost of living, debt and crime rates thanks to pbbm administration
Duterte adminstration did worse. They borrowed more. Duterte used a lot confidential funds more. Crime rates is high because VP Sara has her private army imagine 300+ personal yet Robredo had 40-70. Crazy. The Duterte's are hypocrites. They welcome POGOs in the country increase crimes human trafficking foreign to domestic. It become a scam hub glad it was banned Duterte's EO enabled Pogos now see the cause. He even welcome China now look at WPS situation it worsen they want to claim it. Trusting them they only serve their interest not the people's. Remember Pharmally and over spending confidential funds going to Germany when Typhoon hit NCR. When pandemic how did district of davao Baste got Billions of funding? Crazy right you can check the facts budol is real.
The next Venezuela.
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philippines is now highest debt how would you say fastest growing economy.
philippines has gold and dollar reserves. the debt to reserve ratio is still within the ideal rate. no entity will lend money to the philippines if they cannot see growth or if the country is not capable of paying debts.
it is because of covid19. we need to lend to support declining economy during crisis
So youre telling me a debt cancels growth?
Are you trying to filter my comment