Promise 10: Target key industries with greatest potential for growth

Status:

The Promise
We will have broad based and inclusive economic growth through increased incomes by generating quality jobs and attracting more investments.

We will reduce red tape, reducing the number of processes required to do business in the country.

We will directly target industries with the greatest potential for growth and where the Philippines has a competitive advantage, industries that have already been identified by domestic and foreign business groups and include agribusiness, business process outsourcing, creative industries, infrastructure, manufacturing and logistics, sociallyresponsible mining and tourism and retirement.

Quote/s
None

Source/s
The Aquino campaign platform: Action plans on Economy

Related Promise/s
Promise 7: Streamlining of the government bureaucracy
Promise 13: Promote technical and vocational education
Promise 15: Review policies on agriculture
Promise 16: Lower cost of doing business in the country
 

May 31, 2012: The Philippine economy grew by 6.4% in the first quarter from an upwardly revised growth of 4.9% in 2011, the government announced. "This growth is well above the market’s consensus forecast of 4.8 percent. Also, the Philippines posted the highest growth among ASEAN and other neighboring countries except China," Socioeconomic Planning Secretary Arsenio Balisacan said. The growth was attributed to  to the government's strong infrastructure spending and its conditional cash transfer program. (Continue reading)