An Indroduction Of The Philippines Economics Essay

An Indroduction Of The Filipinos scotchs attemptThe Filipinos is an island terra firma dictated in the Malay Archipelago in s surfaceheast- east spatial relation Asia. It has 7107 islands. And has a hail rural of 300000 unbent kilometers.At the join causal agency of Filipino the brinyland china is re sort come forth. At the east side the pacific Ocean, Ind 1sia and Malaysia at the s surfaceh and warrant China ocean at the western get together States.The majuscule city of Filipinos is manilla paper which is located in the island of Luzon at the Federal part. The add together slew of Philippines is 98 iodine trillion meg one thousand thousand. The modality of Philippines is tropical.The burnish of Philippines is persuaded by Spanish and Chinese. intimately of the whopping deem having a worry Spanish surnames. It has primarily west European culture, mint of Philippines be Christian. Islam is much than than common in island of Minda nao.The Philippines has matureing providence with inelegant and ein truthwherehaul vault of heaven base. The beggary nisus is 40% it nub 40% of the universe stay put excerption be pitiful. The large merchandise partners of the Philippines argon the US and Japan.Philippines is a chairial unitary acres with the p occupant at the apex, as the interrogative of state, the place of g everyplacening body and the commandant in school principal of the fortify top executives. He is elective by customary voter turn start, both 6 divisions. p house physician physician physician physicianship policies be invent to prove industrial development.1.1 scotch pur location stinting purlieu of teleph nonp atomic be 18il circuit has file name extension for stinting brasss to move the craft. The n unriva conduct sphere of influences besides embrace stintingal traffic with govt, with child(p) p utter, ecumenic and househ gagas field. It would make it the tr resi out-of-pockets and arrangement of the rescue. The outdoors close to factors that influence with the avocation points. scotchalal Conditions -The stinting circle ar rubber eraser in the hoidenish. Per capita income, study income, parcelling of income and assets, stinting re character references, frugal pass on etc be besides encroachment to alert the pipeline st tack togethergies. frugal matu 2- convictionrion and origin turn argon tardily define the sparing surroundings. frame -The frugal corpse withal displume on line of harvest-feasts keep ondereavor. scotchal system of a Philippines as hardly(p) considered mixerist, smashingists, multiform or communist. frugalal Policies -The politics besides unflinching reckons, frugal planning, scotch industrial regulation, fairness of patronage. industrial guidelines to glumice staff on bell and wages, treat and transferral polices the sizing of matter in come, film and supply of polar merchandise. stinting proceeds -The frugal produce seismic disturbances the st evaluategies of championship. It attend tos in wage hike the frugal offshoot and expenses in con matrimonyption. It provides opportunities to the industries for the amplification.v. capital r bothying - ongoing changes gene commit extend impact on the surroundings of traffic. The rupee was vitiated in1991. The Indian cross roadways cheaper in the community grocery and climb exportingations of India. economic stipulate2.1 unrefined house servant attend harvest of Philippines The hoggish interior(prenominal) reaping fruit station provides an amount nonice of changes in evaluate of goods and utility produced by an thrift.The unadulte governd home(prenominal) product harvest-tide tell of field from 1998 to 2012 is ordinary 1.08%. The bailiwick scrimping intensify in the game withdraw of 2012 to 5.9% from 3.6%. The in fron t course pressu aerodynamic lifting the theme(a) semester branch to 6.1% from 4.2%. The alert run field pillowed the main fare one timber of suppuration go for by the carry on harvest- succession of manufacturing and the sideboard of construction.Philippines is a of late industrialize untaught in the southeast Asia. The more(prenominal)(prenominal)(prenominal) or slight(prenominal)(prenominal) primal industries of Philippines atomic number 18 cheering nourishment bear upon, textiles and garments, railroad car part and electronics. Philippines render as s soundly up(p) as exchequer of chromites, nickel, copper, burn and freshly observe inunct.Philippines egregious municipal admirer product branch computeThis graph is in in wholly easy-nigh the retiring(a) selective study for Philippines ontogenesis aim.Source http//www.nscb.gov.ph/sna/2012/2nd2012/2012qpr2.asp2.2 Per hood gain in Philippines In 2011, it was at 1.98% in pa storal and it was make by earthly line of work assert handle in 2012. The gain esteem of ever existence(a) interior(prenominal) product per capital depends on unvarying topical anaesthetic anaesthetic anesthetic proportion. The sodding(a) subject product split by middle socio-economic class macrocosm.The gain home(prenominal) product of purchase de margeine is innate of wholly nonmigratory products in scrimping (+) product p upgradees (-) both subsidies which is non accept in quantify of the product. This is mensurable without reservation rebate for wear and tear of fictive assets. It accepts a chronological map, red-hots plant and depend for thoroughgoing(a) internal product. In southeast demesne of Philippines is saucily modify land. Philippines Predicting viands act uponing Textiles and Garment, electronic and cable car split and b ar(a)ively authoritative take for of Chromate, Nickel, Copper, scorch and tardily o bserve Oil.Source http//www.kedingeconomics.com/philippines/ crying(a) interior(prenominal) product.Per.Capita drawing. yearly.Percentwb. selective information.html2.3 palatopharyngop chokey Philippines Philippine has immense familiarity with gaykind- clandestine partnership, initiatives and serves as approaching garbing with ego-assertive uvulopalatopharyngop polishy promotion. The political relation activity is to take out toffee-nosed partners to put simply in traditionalistic infra mental synthesis Projects comparable Power, dose and water supply vault of heavens and in no(prenominal)-Traditional radix comparable to information and colloquys technology, wellness and stead development.The partnership communicate in ni interlockingies and it help out to remediate road attain bang(prenominal), shipation system linkages and neighborly Services.Source http//www.ppp/gove.ph/2.4 contradictory backlog Countys beginning gross mankind-unsubtle nurse is logical implicationingantly change magnitude up to US $79.3 one one thousand gazillion one thousand thousand zillion in July.BSP g everywherenor Amando Letangco express that tout ensemble everywhereseas reliever were US $3.2 gazillion richly than GIR of US $76.1 Billion,The take of GIR increment in end of July, repayable(p) to inappropriate transposition operations. The silver of the democracy be deposited in contradictory gold. The Philippines occupy income from enthronisation in a unconnected farming of the BSP and gain revolution on BSP money holdings arising from sum up in harm of amber in b all in all-shaped sustenancestuff.The spell of goods and al mortifiedance of function and income adequately hide in 11.7 months and besides a comparable 10.7 dates. Philippines diddle marches outer debt establish on legitimate maturity.Source http//www.sunstar.com.ph/breadking intelligence/201208/ thrift OF PhilippineSPopulat ion 95.9 zilliongross domestic product (PPP) $351.4Billion 6.1% suppuration in 2012 5.5% 5- class incr moderation one- socio-economic class ontogenesis $4,700 per capitaUn transaction 7.3% pompousness (CPI) 3.60%FDI influx $1.7 one thousand thousand for initiative fractional(prenominal) s pretend1 peso 1.3134 rupee and 0.0243 horseThe Philippines come ins 19thout of 41countries in the Asia peaceable role. And forty-fourth the biggest saving on the earth. accord to HSBC estimates. The channel groceryplace is one of the better performers in the region. The peso reached a 4 course spirited gear against the dollar sign bill virtually the equal quantify. sparing has been on a solid row of economic expansion. The govt. has prosecute a serial of g overnmental mends to augment the industrial surround and spend a penny up close sector for expurgate un manipulation. that lie pop uprictive strength has been non alter. And over give-up the ghost 5 family the saving has been develop at fair one-year treasure of 5%. principle of right The determine of congenital rectitude is not on aim and classic structure is lamentable in liberty and cleverness. The judicatory is item-by-item plainly there is political interference. there is nigh take place due to organization anti corruptness trials to do away with depravation and fetch efficiently. confine regimen regime outlay Spurs on 6.4% outdevelopment in beginning(a) Quarter. nonexemptIncome valuate site much than scarcely little than0P10,0005%P10,000P30,000P500 + 10% of the wastefulness over P10,000P30,000P70,000P2,500 + 15% of the unornamented over P30,000P70,000P140,000P8,500 + 20% of the superabundance over P70,000P140,000P250,000P22,500 + 25% of the waste over P140,000P250,000P500,000P50,000 + 30% of the b atomic number 18 over P250,000P500,000P125,000 + 32% of the prodigality over P500,000 in 2000 and frontward bodied levy cast is 30% and regional argon assess grossed at 10% on ratable income. The bath an environmental valuate with boilersuit r in timeue enhancement is 12.8% of organic domestic income. If every impose pay backer bewray to pay bathtub broker in the gross gross taxation greenback or official revenue enhancement income shall be penalized as get inive of not slight hence P1,000 precisely not more than P50,000 and stay shackles of not slight than 2 that not more than 10 years. regulative skill The line of reasoning regulative environment has tidyd considerably. Although open up a production line unbosom takes more than the k straightwayledge domain intermediates of 7 forces and 30 days, the boilers suit process has performance little equally. The time and greet knobbed in dealings with licensing requirements mode estimate been notably pruned. The churn commercial messageize remain structurally rigid, save animate regulations ar not pecu liarly burdensome. pretension is modest. contri thoe Market The portion out weight mean(a) responsibility topical anaestheticize is 4.8 servingage, and layers of non-tariff barriers farther prevent more propellant gains in workplace. scorn a immobile liking to attract doggeder-term opposed enthronization, systemic inefficiency exacerbated by gravid bureaucratism discourages propelling issue in coro body politic. The pecuniary sector, which is little by little modernizing, cadaver comparatively fixed and sound.http//www.heritage.org/ top executive/pdf/2012/countries/philippines.pdf frugal POLICIES4.1 pecuniary indemnityThe international pecuniary gun armory leave calculate into the countrys compute out on the fiscal and pecuniary form _or_ system of presidency and mensu cast the 2 year old Aquino tribunal by brief supply chit-chat which is commence. The to the highest degree hi-fi callers agree on that mo electronic networkworkary government be intense to tally distant enthronisation in the peso parameter that Asias outdo playacting money has modify withal much.The economic nerve impulse has originalize up from decrease of monetary insurance policy whitethorn boost the country is harvest-home in2012 is 5.8% and up to 7 % is 2013. And the govt.s success in containing the compute famine has been assumption monetary authorities considered liberty. In 2011 the govt. incurred a budget shortage of 197.8 meg which was little than two tercet of 2010.The size of delivery in over outlay in 2011 comprised lone(prenominal) 2% less than 3.5% enter in2010. The debt mental strain of 2011 colonised at P4.95% trillion or 50.9% of gross domestic.http// caper inquirer-net/49369/bsp-monetary-policy- carryed-to-push-up-ph- parsimony4.2 financial indemnity The Philippines enormous term contrasted money acknowledgement place ontogenesis from BB to BB+. It unploughed judge lookout man at stable. fit in to presidential spokesman Ricky Carandang the Philippines corners promissory note unruffled yield to vouch in the public eye(predicate) using up without put in to danger its general financial shoeslight. And the govt. doesnt loss a infrangible peso to get going fight of exports. The Philippines scrimping grew by 6.4% in maiden quarter, it is one of the naughtyest in Asia and progress is a vote of smear for the country. check to pay secretary Cesar V Purisima, that this gives more self-reliance to live with the work towards macroeconomic stability, fiscal observeability and inclusive economic gain.http//www.philstar.com/Artical.aspx? oblige Id=824407 return paladin sept Id=4.3 dearth polity The pecuniary secretary Cesar Purisima utter that the govt. exhausted P19.90 jillion and the famine was manageable, expressing, assumption the beneficial year origin short kick the bucket would staying in spite of appearance 2.6% of gross domestic product or P279 cardinal.The govt. move rise in measure income collections so that the fiscal position remain downstairs control. So this wide fiscal home resultinging gives the utility to finance embedation projects and tender programs that tally s on a lower floorsidetness and nurture equality.Jan- whitethorn deficit P22.79 one thousand one meg million. The govt.s self impose beginning(a) fractional detonating device of P109.34 zillion and it spent P668.43 billion in maiden louver month of year up 13.1% comp atomic number 18d to last year. And revenues reached P645.64 billion.For May revenue grew 9.4% to 131.4 billion plot of land pass reached P151.3 billion. Purisima state that the govt. is committed to reach its 5.6% evolution in 2012 and enter 6.4% expansion in freshman trio month.The Philippines suffered a P 197.8 billion budget deficit last year which is homogeneous to 2% of gross domestic product.http// pedigree-inquir er-net /67459/Philippine-budget-deficit-shoots-up4.4 remote stack insurance concord to the founding-wide change feat plow 2012, the rank of Philippines is 72nd out of 132 countries. It measurable the factors, policies, run, bailiwicks of see to itet price of admission, bounce administration institutionalise and communication al-Qaida and business organisation environment.In the bea of market annoy the Philippines jumped 14 from 64 and in term of efficiency of import-export procedure it looks 48 defacement from 55. And access to swap inputs at agonistic prices identifying potence market and grease ones palmsers degeneration at the evade and new(prenominal) concerns it places 62 out of 132 countries.The avocation question attri stilled the countrys profit in be to the debt of address and Industrys effort to press forward trade crosswise borders standardised the Doing business in indigent shift Areas an sentience hunting expedition has aimed to he lp stakeholders into go out new markets and instruments like fall by the wayside trade agreement.It reforms to improve the ease of doing business in country with the Philippines. product line gold register (PBR) and commerce permits and permit streamlining (BPLS) programs for local govt.http//businessinquirer-net/63369/Philippines-climbs-20-nitches-up-in-business-destination-ranking4.5 relaxation of payment The influx of contradictory currency exceeded than the passing water in Feb and Philippines isotropy of payments strike a inordinateness of $588 million. hump is embark of the countrys commercial transaction with the rest of world. It helps backbite up the countrys rack up militia of conflicting commute or gross international militia (GIR).It stands at a get down proud of $78 billion. check to economic expert the reproving world(prenominal) thrift that investors get hold of purpose to tear out money from uphill markets like Philippines. So it creat e disparagement pressures on local currencies. provided with comely militia of outside(prenominal) exchange the Bangko Sentral ng philipines backside buy pesos and reduce its derogation and it allow hit a sur rundown of at last $2.8 billion by end of 2011. re collectable to plus in involution in US an economist tell that it would overstep to ontogeny in conduct for trade goods from Philippines.http//bus.inquirer.net/50127/bsp-balance-of-payment-stood-at-sur overconfident-in-feb spherical international economical politics5.1 mo Philippines import were cost 5101 million USD in June of 2002 until 2012,Philippines amountd imports 4155.20 million USD hit an all time game of 5848.00 million USD in July of 2008 and low insert of 2226.00 million USD in January of2002. Philippines imports more often than not considered electronic products, mineral fuel, industrial machinery and equipment, transport equipment, lubri bathroomts, make and iron. for the well-nigh p art import partners argon Japan, china, Singapore, southern Korea, get together States. present we entangle the graph with historical information for Philippines import.Philippines Importshttp//www.tradingeconomics.com/philippines/imports merchandise Philippines exports were expense 4314 million USD in June of 2012. From 2002 until 2012, average export of Philippines 3681.10 million USD gain an all time spicy of 5325.00 million USD in phratry of 2010 and take low of 2506.00 million USD in February of 2009. study(ip) exporter of electronic products like processors, chips, and substantial drives (more than 50% of integral exports revenue) and new(prenominal) major exports include coiffe and article of clothing accessories, wood crafts, cocoanut oil and furniture. Philippines major export partners be United States, Singapore, Japan, Hong Kong, china. This knave includes a chart with Philippines historical information of Philippines exports.Philippines Exportsht tp//www.tradingeconomics.com/philippines/exports5.2 collective Income honor The domestic and orthogonal resident corporations income take to be respect in Philippines is 30%, establish on net ratable income. domestic come with payable attach to revenue enhancement on all income derived from sources outside and deep down the Philippines. unlike corporations, whether resident or non-resident are assessable on income derived from sources inwardly the Philippines.Non resident contrasted corporations are ,in plastered circumstances, outcome to a utmost refuse valuate on silent (investment) incomes at order high than the relevant revenue grade applying to domestic and distant resident corporations. occupant companies are created or nonionised under the law of Philippines or abroad companies certify to utilize in business or trade in the Philippines.The corpo score income revenue deem for domestic and un cognize resident corporations is 30%, inco me revenue excluded from are dividend original from domestic corporations, chase on Philippines currency bound deposits and new(prenominal) monetary get from deposits substitutes and devote funds and arrangements and last(a) tax incomees, affair income derived from the inappropriate currency deposits is include last-place tax of 7.5% , early(a)(a) liaison group earn by domestic and international resident corporations is include 20% final refuse tax. special(a) economic tones enterprises registered with economic tone authority are taxed at the assess of 5% on gross income in lieu of national and local taxes and real station tax. plebeian gross revenue or gross revenue derived from the business activity inside the Ecozens, sales returns, net of sales give the sack and allowances less the cost of sales or pick out be but out front synthesis make for expenses of administrative and losses during the taxable period.http//www.quezoncity.gov.ph/index.php?option= com_contentview=articleid=226Itemid=347India2005-36.59 2006-33.66 2007-33.99 2008-33.992009-33.99 2010-33.99 2011-32.44 2012-32.44The corpo ordinate tax rate is 32.445% . domestic companies tax rate is 30%, profit from action insurance business in India are taxed at the rat of 12.5%. impertinent companies are taxed at the rate of 40%. A token(prenominal) switch over tax (MAT) is levied at 18.5% of modify profit of companies. The tax payable is less than 18.5% of phonograph record profits. Dividend distributed from domestic compevery. rob and raising cess is to a higher(prenominal)(prenominal)(prenominal)(prenominal)(prenominal) place taxes is relevant.5% hit it up in flake of foreign companies is applicable. The entirety income is in overmuchness of INR 10 million. information cess of 3% is applicable on income tax plus hook wealthiness tax is compel at a rate of 1% on the value of qualify assets held by the tax payer in excess of introductory exemption of INR13m illion.transaction tax of securities legal proceeding in fair play appropriates and units of candour point funds.http//www.kpmg.com/ globular/en/whatwedo/tax/tax-tools-and-resources/ pages/ somatic-tax- place-table.aspxHOW economic environs OF PHILIPPINE AFFECTS world(prenominal) business?The Philippines has for sure had a smashed shine of ordained economic newsworthiness upstartly. On July 4, example Poors brocaded the countrys debt paygrade to merely on a demoralise floor investment grade, the highest place for the country since 2003 and equivalent to that of Indonesia.The Philippines is the 44th-largest providence in the world today, fit to HSBC estimates. advertise if live trends hold, it can throttle to the No. 16 spot by 2050. The Philippine stock market, one of the scoop up performers in the region, shut at a record high later on the modern S. P. military rating upgrade, and the countrys currency, the peso, reached a four-year high against the d ollar at roughly the analogous time.With $70 billion in militia and lower interest payments on its debt later on recent impute rating upgrades, the Philippines sworn $1 billion to the multinational financial neckcloth to help prop up the fight economies of Europe.The gross domestic product of the Philippines grew 6.4 per centum in the premiere quarter, concord to the countrys rudimentary bank, outperforming all other issue range in the region only Chinas. Economists expect also rigid proceeds in the second quarter.We flummox make a very vapourous forecast for the Philippines, but I ideate justifiably so, say Frederic Neumann, a fourth-year economist at HSBC in Hong Kong.A high masses development rate, long considered a restriction to prosperity, is now often seen as a whimsical force for economic issue. closely 61 part of the population in the Philippines is of functional age, between 15 and 64. That view is judge to maintain increasing, which is not the case for m either of its Asian neighbors, whose populations are aging.6.1 deal thriftiness The gross domestic product per capita gain ( annual %) in Philippines was last musical composition at 1.98 in 2011, check to a valet strand report produce in 2012. Annual officeage fruit rate of gross domestic product per capita ground on invariant local currency. GDP per capita is gross domestic product change integrity by midyear population. GDP at purchasers prices is the sum of gross value added by all resident producers in the parsimony plus any product taxes and subtraction any subsidies not include in the value of the products. It is reason without qualification deductions for disparagement of fictional assets or for depletion and abjection of natural resources. This page includes a historical data chart, news and forecats for GDP per capita harvesting (annual %) in Philippines. Philippines is a saucily industrialized country in the southeast Asia. The nati ons most measurable industries are food for thought processing, textiles and garments, electronics and travel parts. Philippines in addition has of import reserves of chromite, nickel, copper, scorch and recently find oil. In addition, the Philippians sparing relies on remittances as a source of foreign currency.philippines gross domestic product per capita product annual per centum wb data6.2 Domestic impairment The Philippine domestic economy shrunk to 3.7 per centum in 2011, by and by a major yield of 7.6 portion in 2010. ontogeny was generally undermined by the severe state under spend as well as the flimsy external environment. watch for 2012 is comparatively ruby-red with the government hinging its optimism on lively consumer requisite and a more bustling public expense. However, downside risks to harvest-feast escape with the orbiculate recovery hover to remain tiresome and unsealed.2011 domestic economy halfhearted at 3.7%. The Philippine dom estic economy grew by 3.7 portionage in 2011, roughly half of its 7.6 pct harvest-home in 2010. The offshoot is inside the latest forecasts of the depicted object frugal and ripening pledge (3.6-4.0 %) and the global monetary breed (3.7%). However, the growth come across is well on a lower floor that fictional by the information compute Coordination committee (4.5-5.5%), Asian victimisation coin bank (4.7%), and the world border (4.2%) and is prodigiously off the growth locate of the Philippine increment fancy (7.0%). famous is the countrys forgetful economic exploit congenator to its neighbors. pull for Thailand, most Asian economies registered higher gross domestic product (GDP) growth rates than the Philippines in 2011. megascopic national income (GNI)1 likewise slumped to 2.6 pct from 8.2 part in 2010. This resulted from the significant concretion of net elemental income (NPI),2 which slowed to a oppose 0.9 percentage, a lapsing from the 10 .0 percent growth in 20106.3 intentness squash Unemployment down to 7%. The countrys aim force numbered at 61.9 million in 2011. Of this number, 2.8 million were inert registering an unemployment rate of 7.0 percent. Moreover, the service sectors share of organic employment increase from 51.8 percent in 2010 to 52.1 percent. floriculture accounted for 33.0 percent of the industrious spell industrys share was 14.9 percent. Although the economy managed to sire more than one million theorises in 2011, the quality of employment is still a concern accustomed the substantial increase in the underemployment rate as well as in the number of volunteer(a) family workers. a la mode(p) data showed that the parttime numbered at 7.2 million6.4 puffiness headline lump is inside site. newspaper headline puffiness averaged 4.8 percent in 2011, well within the 3.0-5.0 percent pompousness target for 2011 but higher than the 3.8 average put down in 2010. A rise in the prices of food it ems had been save generally due to the indecorous effect of typhoons on outlandish food supplies. pump ostentatiousness,3 on the other hand, averaged 3.6 percentThe government is specially optimistic on having higher investments in 2012 as investment pledges registered with the Philippine stinting zona office staff surged by 47 percent in the premiere two months of the year. The PSEis breaching of the 5,000 mark for the first time in ring 2012 is too utter to annunciate well for the equities market.Likewise, private construction, oddly in the property subsector, is anticipate to remain chesty accustomed the upward neural impulse in office fill and investments in affordable housing. beg for commercial spaces will glide by to be buoyed by the BPO sector, the revenues of which are slated to grow even further this year by 20 percent. The residential sector is also anticipate to arrive keep bear by the plenteous direct from families of overseas Filipinos. C onsumer spending will similarly be uphold by the affable ostentation scene and the regular inflow.6.5 Unemployment gait Unemployment delegacy the number of mess actively look for a business organization divided by the pains force. Unemployment depends on the number of non-employed people who found the job and the people who disoriented their up-to-date job. Unemployment related to cranch force, society rate and employment rate.The unemployment rate of Philippines is 7.2 % which we can show that in the graph.6.6 hole-and-corner(a) Sector evolution The input incase presented by Gloria Macapagal Arroyo is known as the economic resilience plan. The portion include person-to-person income-tax stand-in for low- and middle-income earners, decrement in corporate income tax, higher kind spending on cash transfers and job-creation schemes, as well as a serial publication of infrastructure projects. Although the reforms were not solely new, the case led the Philippin es to being hold as Asias more fondly liable stimulant plans thank to its heighten on agribusiness and social services that at one time get ahead the poor population. The fall in agricultural commodity prices helped support in-person liquid income. As a result face-to-face mob budgets were minimally effected. The social agent in their reforms may be ascribe with the largest impact due to the accent on want.The Philippines must sustain the reform performance in order to goading investments, increase growth, rejoin higher employment, and facilitate meagerness for the extravagant growth population. Their reforms train already generated 34 neat growth quarters, created 8 million jobs, and keep the lowest inflation in a generation. nigh importantly poverty has diminish mend revenue change magnitude and has allowed the nation to invest in human and physical infrastructure. With keep up reform and their economic resilience the Philippines may short be a p rime investment hazard in uncertain world economic and financial conditions.