Professional Documents
Culture Documents
Presidential
Economic Overview:
Y2008
Forecast
5.5% - 6.4%
SOURCE : BSP
• Sub-prime exposure estimated at less than 1% of total assets
• Gross International Reserves (GIR) is solid
US$36.69 Billion covers 5.8 months of imports or 4 times short-term external debt
a small US$50 Million decline from previous month’s level
The Philippine Advantage (cont.)
Strategically
located in Asia
Within 4 hours
flying time to
any Capital in
Asia
The Philippine Advantage
Greatest Asset: Human Resource
Hospitable lifestyle
A survey conducted in March 2005 by ECA
International (Employment Conditions
Abroad Ltd.) of 32 countries said:
“The Philippines has the lowest living costs for
expatriates … The Philippines is the cheapest
country to live in followed by Argentina,
Thailand and Malaysia”.
The Philippine Advantage (cont.)
• Power generation – activities as specified in the Power Development Plan, e.g., those
utilizing indigenous and renewable energy sources, other energy sources adopting
environmentally-friendly except oil-fired projects, and those under the NPC
privatization plan
• Bulk water supply – any kind of water supply except deep wells and limited to supply
to “waterless” areas as listed by NAPC
• Mass rail transport – for passengers and cargoes including LRT in line with the
transport development plans and programs of the DOTC
• Pipeline projects for oil and gas – transport of petroleum products and natural gas,
petrochemicals, and similar products
Luzon
550 MW Combined Cycle Natural Gas Plant (2011)
300-500 MX Natural Gas Expansion (2011)
600 MW Coal-fired Thermal Power Plant (2010)
200 MW Hydro Expansion Project
Visayas
200 MW Toledo Coal Expansion in Cebu(2010)
100 MW Coal-Fired Plant in Panay (2009)
Mindanao
46 MW SibulanHydropower by Hedcor/AEV (2009)
21.8 MW MinergyDiesel Plant Expansion (2010)
50 MW Mindanao 3 Geothermal (2010)
200 MW by MG Mining & Energy Corp. (2012)
Renewable Energy
Geothermal Energy
- The Philippines is 2nd only to the US in terms of Geothermal Energy potential reserves.
With only 1,931 MW installed out of 2,047 MW proven geothermal reserves and 4,790
MW potential reserves, there are obviously plenty of opportunities for expansion and
private sector involvement.
Wind Energy
- Comprised of 7,107 Islands, the Philippines has maximum potential for wind energy
generation. 16 wind power sites were offered to private investors during the 1st wind
contracting round with a potential capacity of 345 MW.
Hydropower
- Indicative Hydropower potentials are currently at 2,400 MW.
• Resorts –special interest activities such as but not limited to eco-tourism, agri-
tourism, theme parks, conventions and exhibition/trade
• Retirement villages
• Medical tourism
– Hospital/medical services
– Ambulatory surgical services
– Dental services
– Other human health and wellness services including rehabilitation
and recuperation services, e.g., health spa and rehabilitation and
recuperation services
– Healthcare and wellness products
Research and Development
• Commercial and In-house R&D activities
• Establishment of Centers of Excellence, innovation and skills development training
institutions
- Passenger Cars
- Commercial Vehicles
- Motorcycles
2006 3,257 35
2007 4,875 50