...billion with a 6.6% growth in 2012 and it has a five year annual growth of 4.7% with a $4,430 per capita. The Philippines also have a 7% unemployment rate and a 3.1% inflation rate. These are some of the quick facts of the Philippines as of September 2013. When President Benigno Aquino III took office back in 2010, he addressed the most important concern in the Philippine which is corruption. He instantaneously launched massive investigations from the administration he replaced and how they abused their power. The economy of the Philippines has been developing on the average of 5 percent annually over the past two decades. The most important increase in our Gross Domestic Product is the remittances which is more than 10% of the GDP. The distribution of the benefits to the less privileged has been an ongoing challenge in spite of the growth we had in the economy. Also, the Philippines is currently undergoing from extensive poverty and has a massive problem with underemployment and unemployment. Agriculture is very important to the economy and also the industrial productions like electronics, apparel, etc. It is a good chance to increase job offerings under those industries. The Philippine economic development process is to have a continuous society determination to advance both the local economy and the quality of living of the people and also to have...
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...THE DISBURSEMENT ACCELERATION PROGRAM MELISSA R. MARTIN MPAD 610 –PUBLIC MANAGEMENT AND SOCIAL CHANGE CONTENT * What is DAP? * Why was DAP introduced? * How did the DAP work? * How did DAP benefit the economy? * How did DAP support the budget reform agenda? * DAP Timeline * Constitutional and Legal Bases of DAP * SC Ruling on DAP * Why did the Aquino Administration terminate DAP? * SC modifies ruling on DAP What is DAP? The Disbursement Acceleration Program (DAP) is a spending reform measure to speed up public expenditure and catalyze economic growth. Why was DAP introduced? * Need to Clean House: Curb Corruption and Leakages * Freeing up operational bottlenecks * Inefficient implementation * Poor planning * Slow procurement * By the third quarter of 2011, it became clear that if we wanted public spending to accelerate enough for economic growth, we had to use idle funds. (Sec. Florencio Abad, DBM ) * The Aquino Administration therefore launched the DAP in 2011 KEY REFORMS (the DAP as Package of Reform Intervention) * Zero-based budgeting Implementation of zero-based budgeting to weed out inefficient, ineffective and leakage-ridden programs and projects * Early enactment of the budget Early preparation, submission and enactment of the annual National Budget including the adoption of the Online Submission of Budget Proposal * Disaggregation of lump sum funds ...
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...The effects of APEC To ensure the safety of the economic leaders and delegates in Manila, tight security was enforced. This included road closures and rerouting schemes of major thoroughfares — such as EDSA and Roxas Boulevard — that resulted in traffic disruptions in The APEC lane along EDSA extension in Pasay City. the metro. Most motorists and commuters complained of the traffic schemes adjustments, which forced them to walk to their destination. Several airlines canceled their flights to make way for the arrival and departures of the APEC participants. Philippine Airlines said it lost an estimated P870 million, while Cebu Pacific lost around P400 million. A number of people also took to the streets and staged protests, denouncing the APEC and the leaders of its 21 member economies. Quiz: Can you recognize these world leaders? Was the summit a success? The Philippines reportedly allotted P10 billion to stage the week-long APEC activities. Ambassador Marciano Paynor Jr., director general of the APEC National Organizing Council, said the expenses in hosting the event was an investment. He added that the traffic and inconvenience the summit caused is "a little sacrifice compared to the benefits that we will gain out of our membership from APEC." Related: APEC gains not quantified, says economists But former Budget Secretary Benjamin Diokno said the P10 billion the government spent was too much. He said that it could have been cheaper if the APEC leaders' meeting was held outside...
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...OF YS-10 LEARNERS IN THE IMPLEMENTATION OF THE K-12 CURRICULUM A research presented to In Partial Fulfilment of the Requirements for CAE, Economics and Mathematics 11 CHAPTER I PROBLEM AND ITS SETTING I. Introduction Education is a basic human right and a significant factor in the development of children, communities, and countries. (Herz, B. and Sperling G.B., 2004) It is valued by a lot of Filipinos mainly because it is the start of economic improvement and it is the key to a brighter future. The Philippines was one of only three countries in the world and the only one in Asia that still had 10 years in basic education. This has always been seen as a disadvantage for the learners who are competing in an increasingly global job market and also reason of having a high number of unemployment in the country. The government asserts that with the implementation of K12 program, the problem of unemployment in the country will be resolved. In as much as employment in the Philippines is concerned, the K12 education also responds to the fact that most countries in the world already have the same plan in their educational institutions. With this, the standards of these countries go a notch higher than what the country has, thus, creating an expansion in the global competency. (DepEd, 2010) President Aquino aforementioned that we needed to add two more years of basic education in the country. Those who can afford to pay up to fourteen years of schooling...
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...in the Philippines Poverty in the Philippines: Causes, Constraints, and Opportunities comprehensively analyzes the causes of poverty and recommends ways to accelerate poverty reduction and achieve more inclusive growth. The report provides an overview of current government responses, strategies, and achievements in the fight against poverty and identifies and prioritizes future needs and interventions. The analysis is based on current literature and the latest available data, including the 2006 Family Income and Expenditure Survey. Other cause The incomplete land reform aiming at overthrowing the traditionally unequal agrarian society coupled with lack of support for farmers has been a long-lasting flaw in the governments’ development policies that can still massively reduce poverty in the Philippines. Thus, the role of the state remains central to redistribute more equally the wealth created in the country, in order to avoid leaving the poor behind. Supporting the extremely poor must be seen as a long-term investment and counterbalanced with future gains. However, mistrust in the government combined with corruption and/or incompetence makes the overall task much harder, even though it has led to the rise of militant movements that speak in favor of farmers to build fairer trade systems. In a strange way, another problem for the Philippines is that, in spite of having embraced liberalization and...
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...I. Introduction Labor is the most fundamental productive resource. Wages paid for labor fuel consumer spending, and the output of labor is essential for companies. Likewise, unemployed workers represent wasted potential production within an economy. Consequently, unemployment is a significant concern within macroeconomics. The term unemployment refers to the general condition in which resources are willing and able to produce goods and services but are not engaged in any productive activities. Moreover, it arises when GNP declines over a long period of time and when businesses reduce their output. Cutbacks in production inevitably mean that industries will use less labor and materials. Consequently, some workers will lose their jobs and those seeking new jobs will have a difficulty finding employment. Increased unemployment is a major consequence of cyclical declines in real GNP during the periods of recession. Workers in industries usually are laid off especially those who are engaged in the production of producer durable and consumer goods because investment purchased by business and purchases of durable goods by consumer declines during the period of recessions. While unemployment is most commonly thought of in terms of labor, any of the other production factors such as capital, land and entrepreneurship can be unemployed. The analysis of unemployment especially labor unemployment, goes hand-in-hand with the study of macroeconomics. The most noted and widely used measure of...
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...Module 1 Executive summary and Introduction A. Summary of the study People started using public transportation in a higher rate because of sky rising gas price, unavoidable traffic congestion and growing environment pollution. Current generation has calculated the time and money spent on everyday transportation and decided to leave their car back home or at nearby railway station while commuting to office or downtown. Hence the utilization of taxi cab service has increased over the time. A taxi business is a potentially profitable venture that you can invest on particularly if you live in the city and there are plenty of people who need the services of cabs. The taxi business is also a good business idea especially nowadays that people are already acknowledging the advantages of using public transportation over driving their own cars. If you are interested in a taxi business, here are some of the things that you will be interested to know: The Taxi cab Taxi cabs are your most important requirement to start a taxi cab business. It will be up to you to decide what car model you will use but it is best to inquire first from your licensing agency because there may be particular types of car that are required for use by taxi businesses. Operators of taxi businesses also have the option in choosing whether they will buy second hand cars or purchase new cars for their taxi business. If you prefer to use new cars for your taxi cab business, it is important that you...
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...Administration Polytechnic University of the Philippines All rights reserved. Portions of this manuscript may be reproduced with proper referencing and due acknowledgement of the author. THE IMPACT OF MCDONALD’S CORPORATE SOCIAL RESPONSIBILITY TO “BAHAY BULILIT” BENEFECIARIESIN MAKATI FOR THE YEAR 2014-2015 A Thesis Presented to the Faculty of the College of Business Administration Polytechnic University of the Philippines Sta. Mesa, Manila In Partial Fulfilment of the Requirements for the Course MARK 4113 Thesis Writing (Research II) by Aquino, Ronnie R. Arellano, Leziel A. Awid, Sharmaine Princess M. Chavez, Casmer Culala, Maria Margarita A. Madali, Alyana M. Panaguiton, Felisa L. March 2015 CERTIFICATION This thesis entitled THE IMPACT OF MCDONALD’S CORPORATE SOCIAL RESPONSIBILITY TO “BAHAY BULILIT” IN MAKATI FOR THE YEAR 2014-2015 prepared and submitted byA RONNIE R. AQUINO, LEZIEL A. ARELLANO, SHARMAINE PRINCESS M. AWID, CASMER CHAVEZ, MARIA MARGARITA CULALA, ALYANA M. MADALI, AND FELISA L. PANAGUITON in partial fulfilment of the requirements for the course MARK4113 has been examined and recommended for Oral Examination. Evaluation Committee ESTELITA E. MEDINA Adviser CRESILDA M. BRAGAS, MBA ELENA M. MAÑO, MPA Member Member MELINDA M. DE GUZMAN, DBA Member ---------------------------------------------------------------------...
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...Executive Summary Planning of economic policies & their implementations are the most vital facts of a country. Overall development of a country largely depends on economic policy design & its proper implementation. Every country has its own economic policies & specific way of their implementation. But some policies are same for all countries such as Fiscal Policy, Monetary Policy, etc. Philippines, as a developing country has set various economic policies & strategies over time with a view to seeking development. In course of time it has adopted a wide variety of economic policies, many of which had long term effects (both positive and negative impacts) on the lives of its people. The crucial policies that the government of the country adopted over time are – Fiscal policy, Monetary policy, Income distribution strategy, Government policy, Tax policy, Trade policy, etc. The impacts of these policies have had widespread effects on various macroeconomic variables of the country. Various surveys and reports show that the economic growth has not been as expected. Growth of the variables has gone at a slow pace. GDP increases over time but with a high fluctuating rate. Rate of educated people, standard of health care, standard of living have improved but it is still poor in comparison with other countries of the region. It is one of the countries whose economy is based on agriculture. A huge portion of the country’s GDP comes from agriculture. But yet it has some major constraints due...
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...of raising public investment and improving public investment efficiency,” the IMF said. The state of public infrastructures at present, the IMF said, is clearly inferior to that found in neighbouring jurisdictions. “Persistently low public investment in the Philippines has resulted in a low public-capital stock, relative to its neighbours. Survey-based indicators also paint an unfavourable picture on the current state of public infrastructure in the Philippines,” the IMF said. “Public-investment efficiency has room for improvement. The Philippines has made steady progress in governance and fiscal transparency. However, there is still much room to strengthen institutions to improve public-investment efficiency. Both institution-based assessment and an outcome-based estimation of public-investment efficiency suggest substantial room for improvement,” it added. In summary, the IMF said improvements...
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...Country Risk Analysis: Philippines As trade barriers continue to fall and technological advances accelerate, the offshoring trend will continue as companies strive for operational efficiencies by outsourcing production and labor and taking advantage of capital markets. International business is not a new phenomenom, however the volume of international trade has increased dramatically over the last decade. Today, every nation and an increasing number of companies are investing abroad. Private and public investors must determine which countries offer the best prospects for sound investments. The decision to invest overseas begins with a determination of the riskiness of the investment climate in the country under consideration. In this paper we will evaluate the country risk analysis of investing in Philippines. The Philippines is the third-largest English speaking country in the world, enabling its manpower to have a unique edge over neighboring countries in terms of labor quality. Flanked by the Pacific Ocean and the South China Sea, its strategic location makes it a critical entry point to some 500 million people in the Association of Southeast Asian Nations (ASEAN) market, offering vast trade opportunities, and an ideal base for business. It is also the best Asian country in terms of overall quality of expatriate life, considering its cultural compatibility with expatriates, housing, sporting and recreational facilities, quality healthcare, and first-rate educational institutions...
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...Policy Brief S E N A T E E CO N O M I C PL A N N I N G O F FI C E December 2013 PB-13-02 Realizing the Philippines’ Mining Potential Given the country’s mineral wealth, the mining industry can be a key driver of economic growth. However, the industry is hounded by various issues and challenges. These include the social and environmental costs, a revenue sharing agreement that is seen as unfair and inequitable, the overlapping and weak enforcement of mining laws, and other problems relating to the mining sector. Unless these are addressed through a clear, consistent and competitive mining policy, the sector’s huge potential to bring economic benefits will unlikely be realized. The SEPO Policy Brief, a publication of the Senate Economic Planning Office, provides analysis and discussion on important socioeconomic issues as inputs to the work of Senators and Senate Officials. The SEPO Policy Brief is also available at www.senate.gov.ph. Introduction The mining industry has a great potential to be a key growth sector in the Philippines given the country’s vast and rich mineral resource deposits. Mining can spur economic growth and generate employment opportunities in local communities as mining companies invest in infrastructure, utilities and other facilities within the mining sites. It can likewise contribute to the country's foreign-exchange earnings through exports and bring much needed revenues to the government through taxes and fees paid on mining and other related activities...
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...CHAPTER 1 The Problem and Its Background Introduction In economics, the private sector1 is that part of the economy which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state. By contrast, enterprises that are part of the state are part of the public sector; private, non-profit organizations are regarded as part of the voluntary sector. The Public Sector2, sometimes referred to as the state sector is a part of the state that deals with either the production, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal. Job satisfaction3 describes how content an individual is with his or her job. The happier people are within their job, the more satisfied they are said to be. Job satisfaction is not the same as motivation, although it is clearly linked. Job design aims to enhance job satisfaction and performance, methods include job rotation, job enlargement and job enrichment. Other influences on satisfaction include the management style and culture, employee involvement, empowerment and autonomous work position . Job satisfaction is a very important attribute which is frequently measured by organizations. The most common way of measurement is the use of rating scales where employees report their reactions to their jobs. Questions related to rate of pay, work responsibilities, variety of tasks, promotional opportunities,...
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...Chapter 1 Problem and Review of Related Literature Introduction Assessing the Main Effects of population strategies, such as tobacco taxation and pricing, on high-risk subpopulations is important for understanding the reach and effectiveness of such strategies. Increased tobacco taxes, passed on to consumers in the form of higher cigarette prices, provide an economic disincentive to those who smoke or may be contemplating smoking. Indeed, evidence from this knowledge synthesis strongly supports increasing cigarette prices through tobacco taxation as a powerful strategy for achieving major reductions in smoking among some, but not all, high-risk populations. This is a highly effective policy tool for reducing smoking participation and consumption among youth, young adults and persons of low socioeconomic status. In contrast, major gaps exist in our knowledge about the impact of price on persons diagnosed with mental health or non-nicotine substance abuse disorders, heavy and/or long-term smokers. Raising cigarette prices is an effective tobacco control policy in reducing smoking among youth. While most studies of young adults found that increased prices also result in reductions in smoking behavior, the magnitude tends to be smaller than for youth. Chaloupka and Pacula argue that because tobacco is an addictive substance, response to increased prices will occur more slowly than for non-addictive goods; therefore long-term gains may be larger than short-term gains. The impact...
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...113TH INTERNATIONAL TRAINING COURSE PARTICIPANTS’ PAPERS GRAFT AND CORRUPTION: THE PHILIPPINE EXPERIENCE Nelson Nogot Moratalla* I. INTRODUCTION This paper will present a condensed report on graft and corruption in the Philippines. Information was compiled by the author from documents, articles, newspaper clippings and other data gathered from the reports and journals of the Ombudsman and the Sandiganbayan, two of the constitutional bodies mandated by Philippine law to investigate and act on complaints filed against public officials and employees for violations of graft and corrupt practices. More specifically, this report will cover input from an unpublished research paper prepared by scholars from the University of the Philippines, College of Public Administration, whom I will accordingly acknowledge in this work.1 This report will generally follow the outline as provided. The first portion will introduce the theoretical perspective and context of corruption in the Philippines. It clarifies the national context within which corruption operates. It will look into the intersection of corruption and Philippine history and culture. It will likewise discuss some public perceptions of corruption. Estimates of the extent and losses of corruption in the Philippines will be briefly discussed. The history of the Philippine * Deputy Director / Dean of Academic, Philippine National Police Academy, Philippine Public Safety College, Philippines. 1 “Initiatives Taken Against Corruption:...
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