The Philippines Economy is Growing Massively

[@BehindAsia]

What do you think about the Philippine economy? Let us know down bellow!

[@hantengliao]

It will require a new industrial transformation with (1) industrial processing and (2) military-industrial contracting

[@simosapuak8772]

Overproud pinoy😢​@Booz2010

[@ronnienestor]

@@simosapuak8772 Don't generalize all people.

[@wongyoonchark5050]

so many pnp maid in oversea, what so mirscle. many philipinas raped by americsn & left msny illicite childs.

[@wongyoonchark5050]

american encrouched several decades in PNP also left rmany illegitimate childs in PNP. Also Phillipinas are raped. illegitimate.childs still on the rise. what is tn original native country name, pnp is a colonied name , must restated original country name. so many pnp maids eorking oversea . what so miricle.

[@ryangamboa9814]

Growth is nothing if it continues to be only enjoyed by the oligarchs and does not trickle down to the common Filipinos.

[@ronnienestor]

It does as evidenced by the growing middle class. The tax bureau reported increase in tax collections from Filipinos who are engaged in small to medium businesses, professionals, private employees and government officials. High income Pinoys are increasing.... tax returns don't lie.

[@ronnienestor]

Well, the rich or tycoons definitely earn more in billions but to say that it does not trickle down is outright false.

[@ryangamboa9814]

@@ronnienestor Tell that to the hundreds of Filipinos living impoverished lives. Their stomachs never lie.

[@ronnienestor]

@@ryangamboa9814 Of course, poverty remains a problem in the country. Did I say that there are no poor PInoys? Get real.

[@ronnienestor]

@@ryangamboa9814 The video is about GDP growth. Our entry to Upper Middle Income category is going to happen in 2025. GNI per capita performances of the country in 2022 and 2023 were above 10%. In 2024, it's gong to be a blast, too.

[@AmericanFlyOnTheWall]

I retired from the U.S. to the Philippines last year, and the Philippines are about to boom. This nation is about to surge.

[@jvresurreccion7232]

how can you say so?? am also from the philippines

[@StephenCurry-l1n]

bro, you’re everywhere 😂 and your wife is filipina? right?

[@79adventures]

​@@StephenCurry-l1n if it is what's wrong with that? sounds like you got a local attitude problem towards foreign immigration. Philippines was always historically built on immigration regardless of culture and don't forget that Philippines is a net importer. Anyways it's sheep like you that follow the herd all the time. Better ask yourself when's the last time you made a significant contribution to society?

[@FhelRuela]

Talaga bah bat di Namin ramdam..

[@persona5305]

@@FhelRuelaramdam ko kc nasa abroad ako, tuwing kada uwi ko ang daming pagbabago. also, kumpara sa experience ko dati, mas madali na ngaun makahanap ng trabaho sa pinas. yong chances na maging successful ang business mo sa pinas ngaun ay mas malaki kumpara dati. kapanahunan ng Gloria macapagal at ni erap, grabe kahirap noon.

[@ignaciobalais5394]

Im Filipino living in the US for 30 years upon arriving back to the Philippines i felt & saw big improvement before i left my country 30 years ago

[@edwinbartolome9645]

The Philippine 🇵🇭 economy has consistently been doing very well under different Philippine administrations because it has built a strong consumer economy where the national earnings from its key core economic drivers of overseas Filipino remittances, business process outsourcing and tourism and other service industries have been plowed back and generating further economic activities. Huge infrastructure spending under the Build, Build, Build and the Build Better More programs have given tremendous boost to our economy in the form of better roads, massive new superhighways, an emerging mega-airport in the province of Bulacan and a sprawling new subway system in the National Capital Region of Mega Manila. To diversify our economy even more, the Philippines needs to develop its Manufacturing potential, its Agri-Business potential, as well as its Mining industry where much of its national endowments lie. The Philippines’ traditionally strong position in the global business process outsourcing eco-system need to be further strengthened to incorporate the new features of artificial intelligence (A.I.) to make it more competitive. The combination of all these may propel the Philippine Economic Growth to 10% annually and drastically cutting down our poverty numbers.

[@alma09876]

Need investment in the energy power sector before the manufacturing can be boosted and attract investors.

[@srebaayao9616]

@@alma09876 we don't want more manufacturing. Philippines is not suited for manufacturing. We should focus more on light industries and high tech products Tourism & BPOs. If we have so many heavy industries, Philippines will become very polluted.

[@rjee007]

​@@srebaayao9616NUCLEAR energy is the most reliable, the cheapest and the cleanest energy on the planet, so there's no excuse for not having a manufacturing industry in the Philippines.

[@athenagranados8384]

Yes, I believe it is on the surge. It just needs to stay the course and harness its resources, (especially human resources) and put them to good use.

[@makenvaega]

Wow naman 10%

[@joelendriga8343]

God bless the Philippines 💪🇵🇭

[@pekengbot2137]

Impressive presentation. I felt like I was in my Economics class.

[@jylefranzcayabyab2982]

6-7% growth is still impressive

[@bulatog380]

Lots of things have changed. Before we don't know where we will find our next meal. My younger brother haven't eaten and he is only silent in a corner. My youngest sister is crying saying her stomach is aching. My father was dying of tuberculosis while my mother was staring nowhere because of hardships. Because of sheer determination and hardwork one by one they are now graduating in college, and the other one owns her own company. Our government may be corrupt and inefficient but the Filipino people are very hardworking and far-reaching if work as a team.

[@apriljoshbelliones8743]

So proud of you kabayan.

[@bulatog380]

@@apriljoshbelliones8743 salamat po. Hirap po ng buhay noon grabe.

[@KawiJunoJasper]

Very positive thinking.

[@bulatog380]

@@KawiJunoJasper thank you

[@frodobaggins20011]

Upskill! Either u are lazy and spends time on facebook. There are so may opportunities for pinoys, u just have to learn to upskill

[@iyesju]

Since 1986, it grew drastically due to the Remittances of OFWs, BRUNEIYUKI and Japayuki then BPO and call centers came that floods The Philippines with foreign currencies such as dollars, liras, yen, euros, british pounds. Thus, there was overcrowding of establishments, businesses and developments everywhere in The Philippines.

[@nestorramirezjr4836]

BPO's and OFW's helped a lot to Phil economy..

[@mrconfusion87]

Wait till the AI eat away at the BPOs (it is inevitable)! 😆😆😆

[@jember2001]

POGO ALSO HAHAHA

[@theodore.katsuaki]

​@@mrconfusion87AI would never replace humans, you'll know that better if you had taken an actual call where those folks are infuriated if they encountered bots.

[@enricocontrerasaraneta7290]

pH is a consumer based economy...meaning local people spend more money

[@dabgospel9902]

Davao city 47k up business permit

[@dabgospel9902]

Mas vmabilis ang economy sa mga ukay2 kaysa mga luxury item...

[@richardnuevo]

Nope the PH is a service based economy

[@jaked614]

Shopping mall economy

[@les8518]

If they have the money to spend.

[@BadIdeaRight5]

Alot of smear campaigns but as long as filipinos continue buying filipino made product where 👌

[@JosephSolisAlcaydeAlberici]

We need to further open up more industries to 100% foreign equity ownership like what we do to the BPO industry like natural resource extraction, agriculture, forestry, real estate, SMEs, mass media, publishing, advertising, and education.

[@jezrhaymagayones8841]

Additionally in technology and construction

[@waynegrant4070]

so long as they don't own land. Can't have foreign companies buying swaths of land and renting them out to our own people

[@iceteazen]

I do like the idea but the CCP might slip to some cracks. They have 40% share in the NGCP.

[@JosephSolisAlcaydeAlberici]

@@waynegrant4070 It has to be because foreigners without legal ownership rights cannot get mortgage loans from commercial banks without presenting documentary proof of ownership like land title certificates as collateral. Allowing them to become legal landowners will end the practice of old foreign retirees marrying innocent Filipino women who are 40 years junior and putting the latter's name in the land title and land sale certificates.

[@alma09876]

Not the natural resources extraction. Learn the history of American 100% Parity Rights in the Philippines. They exploited the natural resources and left nothing to Filipinos!

[@ephraim.47]

Thanks for this detailed information. I hope this inspires Filipinos to work harder despite of ongoing corruption here in the country.❤

[@preciousbarroga9342]

The government and private sectors need to create more industries so people can work. Industries like mining, oil and gas, robotics, transportation (vehicle assembly), electronics (components or assembly).

[@iceteazen]

Also AI, we do have a good IT-BPO sector so the transition wouldn't be that hard. Plus, we already have reputation working for foreign clients developing their software and customer service.

[@NewB2025]

You cant create these industries without enough education and training. DepEd, CHED (w/ TESDA) are very important to deliver. We need this kind of workforce that is knowledgeable and well trained That's why current admin of PBBM is prioritizing STEM

[@srebaayao9616]

tumigil ka nga. sisirain lng ng heavy industries ang pilipinas. Philippines is too beautiful to become polluted. concentrate na lang tau sa tourism, bpo, light industries and high tech products. mining? puro na butas ang pilipinas. kalkal dito kalkal duon.

[@preciousbarroga9342]

@@NewB2025 We do have workforces, they just don't have jobs here to practice their profession that is why our technical people - our engineers and high skilled individuals are applying work abroad. If we have a place for them, they should have stayed and helped propel our economy.

[@KaraokePubmain]

Im not amazed of the philippine growth. But by the editing skill of this video

[@placerjr.mejica6411]

This is a good summary of the modern ph economy. Love the content

[@Master-TinTin]

Get rid the 60/40 fdi restriction. Lower power cost, build power plant. Support Manufacturing and steel factory. Attract more tech transfer for military ship building.

[@seanaverion4489]

The real problem of philippines is we intend to vote for people who is more famous rather than people who is more deserving thats why theres so many ex- artist celebrities now are politicians...example is on our last election no1. who has votes in senator is an celebrity than dont even know politics and he said before he dont even want to be a politician before...so many filipino who are not voting for the right person then blame the governtment for curruptions..😢😢when its there own fault for voting them..

[@jaceme221]

sure but the video is about other factors affecting economy other than politics.

[@jajasaria]

The video already shows the economy comparison, factors and data analytics, but you still want to focus on the political side.

[@leapdrive]

Voters should be made to take a test to see if they know basic things about current events, the economy, major political issues and the West Philippine Sea. Twenty basic question should be asked and a score of 15 out of 20 should be the passing grade.

[@nghekkkk828]

Deserving like what? Both of those thing don't really account competence

[@nghekkkk828]

​@@jajasariaI think they're doing this obsession to sell some political agenda that they have

[@gintongaparador999]

Supporting local products, farms, businesses should be encouraged more. Nowadays, even in music industry we are becoming more open to embracing our own which is a great improvement to see.

[@GerryP]

The filipino worker or small online entrepreneurs will always find new creative ways to make money. But once you need to build a huge industrial plant hiring hundreds of laborers then corrupt and greedy politicians and errant government employees will take a bite and demand bribe money which will lead to the demise of the project. Intel Corporation, which operated for 35 years in the country, Hanjin (12 years) and Shell/Chevron (21 years). Then, as now, these companies closed their Philippine operations and left thousands of unemployed workers.

[@kenzacker1476]

now that is sad

[@thefireballxyz]

I think it was during the former Philippines president Gloria Macapagal Arroyo who crafted the solid foundation of our economy today. The BPO started to grow since 2001 and the crucial increase of VAT.

[@dennisaguilar8804]

It was during the administration of Arroyo were slow growth of GDP posted. And rampant of corruption just for facts.

[@applehair995]

True. Her economics background benefited the Philippines

[@CanaryReborn]

you should thank mar roxas about BPO growth

[@millennialinmanila5621]

It was Pnoy actually. She ruled for 9 LONG YEARS with so little improvement.

[@thefireballxyz]

@@millennialinmanila5621 we are talking about GMA economic foundation

[@nikkicortez6192]

It is time that Philippines needs to restore the monetary value! for what we the news the mission of Pres Aquino is pay some of the debts of the Philippines

[@minervapaliuanan7412]

Wow congrats Philippines. Mabuhay.

[@halimtalafuka9946]

@$€£¥☆☆☆☆☆@$€£¥❤❤❤❤❤❤@$€£¥ 0:46

[@halimtalafuka9946]

@$€£¥☆☆☆☆☆@$€£¥❤❤❤❤❤❤@$€£¥ 1:15

[@Ilove-zc1zm]

There are indeed extremely wealthy Filipinos, with some being multi-millionaires, but on the other hand, there is also a significant portion of the population living in extreme poverty. This should serve as a challenge for the Philippine government to narrow the gap between the rich and the poor.

[@roccopennisi1943]

As an Australian involved in capital raising and business advisory in the Philippines, im constantly amazed at the velocity.

[@ItsJust_Ivan]

It’s so easy to point fingers when things go wrong about economy specially if you don’t exactly understand how economics works.

[@ronnienestor]

The tax bureau reported that 2023 collections exceeded the target. This year 2024, they also reported record high of tax collections. It bodes well for the growing economy. I just don't like the heat wave. I still prefer rainy season.

[@goodinkyu504]

tax collection thru extortion of businesses. sooner or later it will show

[@Darklight0028]

True

[@snoopball]

What the video doesn't tell you was that the Philippines' debt grew from 4.7 trillion USD in 2010 to 13.4 trillion USD in 2022. Almost triple in 12 years. Of course growing economies incur more debt but, you can see how two administrations handled that 'growth' by reading below. From 2010 to 2016, the nation's debt grew from 4.7T USD to 6.1T USD. A 1.4T USD increase in 6 years under 1 administration. And that from 2016-2022, it grew from 6.1T USD to 13.4T USD. A whopping 7.3T USD in 6 years. More than doubled the debt in a single term(6 years).

[@oumashu3212]

Not USD but in pesos don't be stupid😂

[@sacrilegiousboi117]

You can thank the build build build for that. Would be great if we can benefit from those projects in the future.

[@JohanFitFoodie]

Great analysis, relocating there after summer and this looks very promising!

[@raypinparty7052]

Hopefully, a Consistent growth path is ahead of the country. 10 to 20 years worth of growth are needed. A lot of things can happen, good and bad.

[@meannperea8979]

THANKS to the Effort’s and hard works of our Economists Pres Pnoy and Father of BPO , Sec. Mar Roxas

[@CHEFcat.]

With no goverment theft philippines will very rich country

[@crisantoencanto2905]

One obstacle to the Philippine economic growth is COST…expensive utilities, logistics, labor…even opening up the economy will not attract investment when they can’t make money…government is addressing this by building more infrastructure, renewable energies and modernising agriculture which is one of the major driver of inflation…but not fast enough to implement due to bureaucracy and politics..

[@JenniferDaus-y7z]

I already see the bright future of the Philippines

[@Tribipentium325]

The 2023 Corruption Perceptions Index scored the Philippines at 34. When ranked by score, the Philippines ranked 115th among the 180 countries in the 2023 Index. For comparison with worldwide scores, the best score was 90 (ranked 1), the worst score was 11 (ranked 180), and the average score was 43.

[@ignaciobalais5394]

7 years from now we have the Subways, more highways, Mrt’s, Lrt’s, Bridges, International Airports, ports, new Global cities by the Bay Area & Clark & many more

[@EN-ch8zb]

Comprehensive business analysis. Good to know the Phil’s is growing 👍👍😉

[@zeusavelino8819]

Brilliantly explained. This is exactly what I learned in (Econ) Economics back in college.

[@gilbertjrernas1039]

The Philippine is Cominggggg Mabuhay ang Pilipinas….❤❤❤❤🎉🎉🎉🎉🎉🎉🎉🎉

[@ITZGGTZY]

Corruption: 🗿 Pollution: 🗿 Political Dynasties: 🗿 Bad governance: 🗿 Poverty: 🗿

[@angelstrong792]

Prosperous Philippine Economy - PPE!

[@wilsontiu9158]

Your content is miraculous.

[@wongyoonchark5050]

american encrouched several decades in PNP also left rmany illegitimate childs in PNP. Also Phillipinas are raped. illegitimate.childs still on the rise. what is tn original native country name, pnp is a colonied name , must restated original country name. so many pnp maids working oversea . what so miricle.

[@ronnienestor]

Chinese bot.

[@jajasaria]

love the way you explain the data vs political.

[@sakura_kreuz]

OFWs, BPOs are the modern heroes of the Philippine economy.

[@arlenelodripas9708]

wow! bravo kaya pala mahal ang bilihin sa pilipinas

[@raypinparty7052]

Consistent 5 to 7% is achievable but as the video points out, there are external factors that beyond the control of the economic managers.

[@setsetsetbibar]

in the future of working as an architect and i think i would make a huge change the leyte

[@roamaroundgisg7362]

Nevertheless, the infrastructure growth of the Philippines whether Roads, bridges, airports seaports, government buildings, State schools and colleges, and most of all Government-run hospitals have improved Drastically under the Duterte administration, which has never been done by 4 previous presidents. Despite the sluggish global economy, the Philippines still managed 6% growth during that period. And above all, the Philippines does not appear nor feel as 3rd world as it used to be. A lot of things have really improved. Hence, I couldn't help but hate the previous presidents. They had Not dare clean up's Metro Manila's roads, river systems nor have improved Manila Bay. The Philippines still needs to improve. But things have gotten better.

[@yaimavol]

IloIlo is another example. Probably the cleanest modern city in PH. Their infrastructure is impressive. This will be the model for other cities to follow now. Cebu voters are going to ask why their city can't do that same thing.

[@roamaroundgisg7362]

@@yaimavol Yeah, I must agree. Local politics in Cebu are close to being useless.

[@LoneWolf-yn5kl]

Yeah.iloilo city is beautiful and clean now look like european cities

[@Shawieshawsz]

​​@@yaimavol thought makati is most modern because of BGC

[@melvindevilleres6332]

yup Philippines is growing! just be patient! you can bet on Philippines if you a have a lot of time to wait!!!

[@tongzkievlogs]

It is stated in 2001 by Former Gloria Macapagal Arroyo yes we can say She is Corrupt but we can't deny that she is a Very Good Economy President...

[@benoktorres9520]

Nope! Gloria left trillions of debt in the Philippines. It was Aquino who catapulted Philippines again to become a rising tiger

[@rodneyd9921]

She is so corrupt she destroyed the economy favouring her husband’s business. Only those praising her benefited from her corruption

[@FeydHarkon666]

If only Tagalogs would stop voting for actors...

[@jojobuenaflor3568]

Yes let's continue supporting corrupt politicians

[@jojobuenaflor3568]

​@@FeydHarkon666visayans not tagalogs

[@manny3202]

Only our Mayor, Congressman, Governor, Senator, V pres, President got rich..

[@srebaayao9616]

motherhood statement. given na iyan. madami din nman yumaman di politiko. nasa iyo na iyan. kasalanan mo di ng gobyerno.

[@CooltasticOG]

I don't see the miracle results affecting our family's lives positively...

[@James-mi4qr]

aww poor You

[@roamaroundgisg7362]

Then u have to find opportunities. Jobs are everywhere. I have known people who were coming from very poor families, and now? They are very rich! Opportunities in the Philippines are everywhere. 1 of 6 Pinoys are tamad. Tamad talaga ang ubang Pinoy. Ayaw din mag hanap ng ibang work or work in other industries. Madami actually. Kahit sa Mindanao nga marami na.

[@bjmoto3586]

Pessimist.

[@iceteazen]

This is why its important to consider the job market when picking a career. IT is the best job in the Philippines right now. High demand so competition are less compare to other jobs. Plus high wage and benefits. Even some students do work on IT-BPO sector. It's a good career since you are bringing dollars to the country because you be working for foreign clients.

[@aaronpaulquintos6230]

Consider the needs of everyone

[@AldrinAlbano]

Compared to Vietnam (now gearing up to take Zhenshen and Guangdong as the low-cost "everything" manufacturing hub) and Indonesia as tourism & mineral-based (e.g. oil & gas) exports, the Philippines is mostly a local/domestic-focused manufacturing & service economy - albeit with minor exports to expats abroad. The Philippines exports more talent than products, IMHO. That of OFWs, expats & Balikbayans, and outsourcing services. Growing those niches are not like those of Vietnam's or Indonesia's. They are nice niches but don't expect fast riches!! Still, the Philippines should be able to keep the 5-9% GDP growth rate as the overall size of the economy is not that big (yet) in the sub-500B annually. I will keep my fingers crossed for BBM to succeed, though. The Philippines deserves better.

[@Dark_Embracer]

Bangladesh 🇧🇩 wants to trade and do business with Philippines. Bangladesh 🇧🇩 also wants Philippines to invest in Bangladesh 🇧🇩

[@joshgalangvlog8934]

Filipinos are consumer driven economy.. We love shopping.. specially those who have credit cards.. Lol

[@iceteazen]

setting up business here can actually be profitable. However, the problem is too much bureaucracy, too much permits to be approved, red tape. our government should address the ease of doing business in the Philippines plus relaxation of foreign ownership restriction so more capital could flow to the country.

[@garfield2742]

Damned, i planned to marry a pinay. Should investigate her CC then.

[@rainieresguerra6519]

The Philippines have the 2nd lowest ratio in terms of users of credit cards among the Top 6 economies in the ASEAN. The money comes from remittances and BPO employees and those employed in the public sector.

[@garfield2742]

@Booz2010 Then?

[@ronnienestor]

Household debt of Filipinos is low compared to Thailand, Malaysia and Singapore. Just imagine if more Filipinos will have access to credit or bank finances, our GDP will really explode big.

[@rafaelmartin3260]

Ga 6: 7---itinanim, aanihin.

[@kilometer6712]

Go go Philippines bilisan niyo pa Pinoys. No one be left behind yeah😂

[@rdcreation776]

I am from India.love for Philippine brother & sister

[@boogieman4170]

Yeah ,Philippines is lucrative 5/6 business that suited you!

[@CrispDai]

PH will be one of nations best situated to endure and prosper through the upcoming global economic reset

[@antoniopasaoa130]

The economic performance of the current President was the result of the efforts done by the last President’s economic policies. This was shown during the time of President Noynoy Aquino wherein he reaps the efforts done by PGMA. The reasons why President Duterte struggled was due to the effects of Covid 19 pandemic. The Build Build Build Programs he started in 2016 and now being continued by PBBM would bear fruits by 2028 and beyond including the economic policies now being implemented by PBBM. Therefore, the next 2 Presidents in 2028- 2034 would be the ones to reap all the rewards for all the efforts done by the last 4 Presidents! By 2040, the last 6 Presidents deserved all the credits for what they have done for the Philippines future generations to enjoy by then as shown by the world economic indicators by year 2040…. wherein the Philippines would be ranked as no. 15 in the world!!!

[@carusmike]

While Japan and China and Taiwan and Hong Kong all grew on the back of American and European investment the ONLY English speaking Christian nation failed repeatedly over the last 5 decades.

[@dsrrellgriffith1161]

The economy is growing, but not for the poor or middle class. I live in cebu city for 7 years, visiting for 30 years. There is no trickle down economy here, everything stays up top. I have many many filipino friends, most of them work at call centers or restaurants. Their pay rarely if ever increases, they make around $1 an hour at restaurants. Many work at western style restaurants, and they work long hours and get only around 400 to 450 pesos a day. No benefits, and most have travel an hour or so to get to work. It is really sad, and some of the restaurants are run or owned by foreigners. They charge western prices for their food almost,,,,How would u like to work for $8 a day? Also, most of them get laid off eventually, they have to sign a contract or job review for each year. You can be let go for any reason

[@Nut.1711]

How do u think we can fix our gdp per capita?

[@maharlikayahudim4454]

For behold, the darkness shall cover the earth and gross darkness the people; but the LORD shall arise upon thee, and His glory shall be seen upon thee, Philippines.

[@HeavenAngel-p4m]

Maybe because Philippine is finally have a good President. The economy of the country depends what kind of administration they have.

[@tibbar1000]

The Philippines will see faster growth once their skilled workers can make high enough wages to keep them at home. Currently, some Filipino workers are contributing more to Europeans economies than they are to the Philippines. There are college educated Filipinos and Filipinas working at low skill jobs in Europe because these jobs pay more than professional positions in the Philippines. Once the best and brightest work in their home country growth will be amazing.

[@taptaption]

We will Return back to our Peak!

[@kitanagamora7786]

Thank u Pnoy... The best talaga si pnoy...

[@tinamaxwell922]

Impressive. Make all pilipino people happy..Please include flood control . Have mercy.. Mabuhay philippines..

[@astrahcat1212]

Growing yet 40% of Manila are slums. Growing in my eyes is if the slums population goes down to 30%, then 20%, then 10%. That's true growth.

[@Yuuki-md5nq]

❤philipines

[@FhelRuela]

Jusko talaga bah bat di namin nararamdaman... Bat lalong pahirap ng pahirap ang buhay ei sobrang sipag naman namin magtrabaho... Mga mayaman lang ang lalong yumayaman... Ei paano naman kaming mga nasa lay-layan pahirap ng pahirap jusko pamahal ng pamahal ang mga bilihin pero di tumataas ang sweldo my gosh isanglibo mo ngayon halos walang mabili sa sobrang mahal ng mga tinda sa palengke...

[@loafers1014]

its on track to grow 6.2% this year

[@godministry75]

Our billionaires lobe to build mall and shopping amenities that makes us consumerism mindset instead of crwating a lot of export products so we can be a manufacturing hib.

[@madmaldito773]

Manufacture here? its hard to look for capital plus electricity and logistics here in the Philippines is dire hard expensive.

[@iceteazen]

to be fair our country is better as service sector focus industry and besides most developed economy do transition to service sector. first from agriculture, to industry manufacturing, and then service sector. if you check Europe they are like this. Philippines seems to skip towards service sector. what we actually need is to focus more in education. cutting down the bureaucracy/red tape in the country so people good setup shop. The only manufacturing with should focus on is semiconductors since we already have a market share. Competing in automotives and other manufacturing is expensive and has a lot of competition. China could produce more cheaper cars, solar panels, phone... we can't beat them. Malaysia, Singapore, Vietnam is also a strong competitor. However, in service sector export of service Philippines is far better compare to other ASEAN because Filipinos are better in English. We could focus on IT(Software development), AI and business consulting. As the other nations would be needing our expertise. Its like how the westerners use the Philippines as a partner in tech.

[@Sungsam-rs2rg]

Traditional pinoy entrep. Madalas tindahan ang negosyo hindi pagawaan.

[@wancelemuel6633]

That same billionaire also started his empire through retail, so I don't know what you're on about.

[@leovylrivera1930]

@KSmifune wow I learned something po

[@bonifaciobedona]

God bless Philippines!

[@PuteraMohdZulhaziqesqandar]

ASEAN tiger....vietnam and philipines

[@kuyawetvlogs3969]

Not by PNoy Aquino but it all satrted with a strong republic program of President Gloria Macapagal-Arroyo. She started economic reforms rhru VAT and other programs which in effect improves the economy of Philippines. It was PGMA who planted the seed and started bearing fruits when PNoy took into office.

[@jhayem636]

then duterte came to power which made the ph economy even much worst

[@jeromepacheco6005]

But If you notice the Philippines during the pandemic has a sharpest decline -9.5% compared to the rest of the world, what ever his reason but still mismanaged.

[@designbluemanila]

Been living here for decades and still waiting for the surge. The stock exchange hasn’t grown for years.

[@mikotansingco4016]

True. PSE has been flat for 5 years

[@JaimeSerdoncillo-e2h]

Grow up Philippines territory Amen ❤️ 🙏

[@fujisawn]

Here we go again...

[@Yowkkfnflaokgleowlclg]

wow, sana magpapatuloy ito....

[@likawenmalinnay]

Growth for the oligarchs.

[@Pentagon005875]

Philippine economy is booming so hard, the price of everything went more than tripled

[@GingerT1324]

I'm starting to realize this Filipino owned channel is a tad biased. I am a bit worried about the direction of the Philippines. Highly vulnerable position. Consumer debt financed consumption growth, current account deficits that import consumption goods instead of machinery and technology for developing domestic markets. They don't have a favorable IIP and the trends are for continued stagnating. Build, build, build, hopefully the externally financed infrastructure projects can actually get increased productivity. Otherwise, it doesn't look good. Poor governance, poor management, and lackluster economic planning at best. Vietnam is without a doubt going to be the clear winner in ASEAN. Followed by Indonesia, but at a slower pace. Thailand would be considered attractive if the public were ever able to get their hands on the king, but that will never happen so it's continued unimpressive growth there.

[@AndreImmabe]

Oh gosh! Finally there is a woke one on this channel

[@U_KCuF]

Ahaha another jealous, bitter and always nega to Philippines.. 😂

[@elfilibusterible]

Well, Indonesia, Thailand and Vietnam are the most attractive to foreigners when it comes to tourism in SEA. That says a lot. Boracay is overly romanticized by Filipinos themselves.

[@GingerT1324]

​@@U_KCuF Not at all. I root for the Philippines to do well. Would you prefer a populace to be blind and ignorantly optimistic or intelligent, critical and demanding of better governance? Because those two extremes and all situations in between are occurring concurrently all over the world today. Take a guess on which extreme has a better overall quality of life for its population. As for me, as a member of the planet, I'd prefer that our 8 billion population has a greater leaning towards intelligence and demands for better governance. Bad things happen when a greater percentage of the population is blindly ignorant and persuaded to believe anything. So no, I'm not always 'nega' to the Philippines. lolz...

[@EFU-ut1hy]

I'm Filipino, and I can definitely tell you that this particular channel is biased. So yeah, you're right. The funny thing is that the Philippines has the MOST potential to grow into a first-world country (faster than most ASEAN countries). Blame it on the government. And blame it on the majority of gullible Filipinos. So yeah, the Philippines deserve to be poor.

[@ApostleRuel93]

Im proud to be a Filipino. A descendants of God fearing people.

[@khinrunite]

I just wish that infrastructure spending was not left out on the drive to push GDP up. The result was there was a lot of people on the streets but the traffic got worse, making those same people unproductive, leading to huge losses in businesses. It's only now we are seeing a lot of railways and highways materializing. But a bright future is ahead!

[@WildHorses9958]

Build factories that pay good wages. Encourage intelligent family planning. Speed up infrastructure development by reducing red tape. Create and enforce traffic laws. Motivate the people to clean up the environment in which they live.

[@MagnanimousV]

420 will be legalize this year ; its a boost in a multi-billion dollar industry

[@deruiz1478]

One thing I see in my home town are the large estates that have no clear inheritor and thus just lie abandoned, not generating income or even being occupied, this needs to be cleaned up.

[@ApostleRuel93]

We are always praying for that, because the Philippines has been promised by God to become a rich nation, if the Lord promised it will come to pass.

[@motivatedbjpenn5782]

where did he say that?

[@royalbalasuela819]

What filipino need is diploma! All filipino must have Diploma to make Philippines more rich.

[@joseph_web3]

Duterte's term hit a trade war plus the covid. Impeded a lot of growth. But it's still great growth

[@mrconfusion87]

If the goddamned Pandemic did NOT happen, we would be an "Upper Middle Income Country" by now!

[@Raymondlopez08]

Thanks to the PNoy administration for making the top growing economy in 2010 to 2016. I salute you PNoy.

[@srebaayao9616]

nyeeta. yong policy ni gloria ang nag paangat ng ekonomiya ng pinas. ang credit lng pinoy, tinuloy nya yong magandang economic policies ni gloria. estudyante lng nya sa economics si Pnoy, si Gloria ang maestra.

[@urlifenj]

How will rising water levels affect these rapidly developing countries? a ton of countries are growing exponentially and quite a few of them are near the ocean.

[@yaimavol]

It won't. It's not an issue. Sea levels are actually dropping in other parts of the world like the coast of Sweden/Norway. Tectonic plates are a big factor there, and there is nothing we can do about that.

[@frieren1011]

Last 5 years ago my family only rented an apartment, now we owned a house 😄🇵🇭

[@Clarksville000]

Same

[@ydrhtrhutr]

I truly wish this economical growth can benefit the lowest shift of the philippine society.

[@DanTheman14_44]

As a average filipino citizen. I strongly disagree. Corrupt politicians, market prices going up Unstoplably and inflation being covered by the same polititians who promised a greater country. May our people choose the right man next election.

[@qixucz2083]

Is there anyone who knows the timeline of the philippine integration into the global market?

[@normastafford9716]

If the Philippines economy is growing , why the standard of living of Filipinos are not progressing ????