Sustaining Momentum to Achieve Inclusive Growth and Development
|
|
- Philomena McCormick
- 5 years ago
- Views:
Transcription
1 Sustaining Momentum to Achieve Inclusive Growth and Development Rosemarie G. Edillon, PhD Deputy Director-General National Economic and Development Authority 1
2 KEY MESSAGES Momentum has been building up. Build-up has to be sustained. Making the growth inclusive can sustain the build-up. It is also about making the growth relevant.
3 Momentum has been building up PH economy has been on a sharply upward growth trajectory since the beginning of current decade GDP in 2000 prices, trillion Php, Real GDP growth 6.2% ( ) 7.6 (2010) 3.7 (2011) 6.7 (2012) 7.1 (2013) 6.2 (2014) 5.9 (2015) 6.9 (2016 Q1) Structural break for potential GDP ca Source: PSA 3
4 contribution to growth in ppt (%) Momentum has been building up contribution to growth in ppt (%) Investment & industry becoming significant drivers of GDP growth % Demand Side Ave. growth 4.5% 6.2% 6.9% % Supply Side 4.5 % 6.2 % 6.9 % Q2016 Consumption Investment Government Net exports Q2016 Agriculture Industry Services
5 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Momentum has been building up Supporting the remarkable economic performance are sound macroeconomic fundamentals. Headline and Core Inflation, Jan May 2016 Non-performing Loans (NPLs), NPL Ratio, LHS* Core Inflation Headline Inflation NPL Ratio, LHS* * as of Mar 16 ** as of Mar 16 *** as of Q Note: RHS Right-hand scale ; LHS Left-hand scale
6 Momentum has been building up Source: Bangko Sentral ng Pilipinas *Data for China and Vietnam cover years
7 Momentum has been building up Share of expenditures allocated to interest payments as of Mar 2016 Stronger fiscal position National gov t outstanding debt (% of GDP) National Government Borrowing Program (%) as of end Apr Domestic Foreign
8 Build-up has to be sustained Address capacity constraints Continue build-up of human capital Diversify products and markets 8
9 Making the growth inclusive Vibrant economy is generating more and better jobs... Unemployment and Underemployment rates (%) Notes: a/ The FY 2014 LFS estimate is the average of April, July and Oct rounds excluding Leyte data b/ The FY 2015 LFS estimates is the average of the Jan to Oct 2015 rounds excluding Leyte data. FY 2015 employment generation estimate is the average of April, July and Oct excluding Leyte data c/ Not comparable with previous rounds of LFS; break in the data series due to change sin the Master Sample Design. Starting April 2016, the LFS used the 2013 MS Design, the 2010 Census of Population and Housing(CPH)-based population projections and the 2012 Philippine Standard Occupation Classification (PSOC).. * : Adoption of population projection benchmark is based on the results of the 1995 Census ** : Adoption of population projection benchmark based on the results of the 2000 Census Source: Philippine Statistics Authority
10 Making the growth inclusive CCT program (4Ps) rapidly scaled up. Source: DSWD, BESF, DBM, NEDA-SDS National Economic and Development Authority
11 It is also about making the Growth RELEVANT.
12 The Life We Want 12
13 What Filipinos want to be 13 What Filipinos want to have What Filipinos want to do
14 An overwhelming majority of Filipinos aspire for a simple and comfortable life 16.9% Affluent life 3.9% Life of the rich 79.2% Simple & comfortable life 14
15 What is a simple & comfortable life? 62% Own one car 61% Have enough money for day-to-day needs 61% Own a medium-sized home 73% Earning enough 73% All children are college-educated 30% Relax with family and friends 30% Business owner 21% Able to take occasional trips around the country 15
16 What is a simple & comfortable life? 5,000 Own one car 40,000 Have enough money for day-to-day needs P 120,000 Gross Monthly Income 10,000 All children are college-educated 25,000 Income Tax 4,000 Relax with family and friends 30,000 Own a medium-sized home 6,000 Able to take occasional trips around the country 16
17 EDUCATION: Most preferred field of study (among those who have not finished college) 16.5% Education science and teacher training 12.7% Business administration and related fields 11.6% IT related 10.5% Tourism and hospitality 10% Engineering and technology 10% Law and jurisprudence 6.9% Medical and allied Trade, craft and industrial 6.7% 4.8% Maritime 17
18 OCCUPATION: Many want to be entrepreneurs but want stable and regular source of income and insurance Desired Occupation Secure income from a decent job Employer in own family-operated farm or business Work for government or government corporation 47% 22% 20% Self-employed without any paid employee Work with pay in own family-operated farm or business Work for private establishment 20% 18% 13% Work for private household Good salary (enough wages, paid regularly), having a business with good revenue Benefits and incentives (insurance, retirement) Job stability or security 18
19 DWELLING: Most respondents choose to live in houses with large lots, yet majority prefer to live in cities 73% selected the small house with a big lot 14% chose the big house with a small lot Preferred community to live in 30% prefer to live in a big city like Manila 29% prefer to live in a small city in the province 30% prefer to live in the town center in the province 19
20 Location preferences for work and home indicate that Filipinos generally want to work where family is within reach. 88% Want to work in the Philippines 79% want to live within the same city where they work 20 14% want to work in a big city but go home outside the city 7% want to work and live outside the city
21 Majority of Filipinos prefer to use own car to go to places. Question: In the year 2040, would you prefer to have your own car to go to places you need to go to or use a good public transportation system? 77% Own car/vehicle 23% Good public transportation 21
22 The Filipino Family in
23 The Life We Want Matatag Living together with family Time with family and friends (work/life balance) Maginhawa Freedom from poverty and hunger Guaranteed mobility Secure home ownership Travel and vacation opportunities Panatag Resources adequate for day-to-day needs and unexpected expenses Security of place Passive income during retirement 23
24 Vision of Filipinos for Self Matatag, Maginhawa at Panatag na Buhay In 2040, we will all enjoy a stable and comfortable lifestyle, secure in the knowledge that we have enough for our daily needs and unexpected expenses, that we can plan and prepare for our own and our children s future. Our family lives together in a place of our own, and we have the freedom to go where we desire, protected and enabled by a clean, efficient, and fair government." 24
25 Goals: Matatag, Maginhawa, Panatag na buhay In 2040, the Philippines will be A prosperous, predominantly middle-class society with average income per capita of $11,000 (at 2015 prices); Free from poverty in all its dimensions; A healthy society with life expectancy at birth of at least 80 years; A smart and innovative society, and A high trust society.
26 Is the Vision within reach? YES, IT CAN BE REALIZED with the right policies & programs. 26
27 PHL can be nearly a high-income country by
28 What does $11,000 per capita income mean? MALAYSIA 0.6% Poverty rate
29 riority Sectors Housing and Urban Development Construction Construction-related manufacturing Housing development-related manufacturing Utilities (EGW) Connectivity Roads and bridges Port Airport Transport (cars) communication 29
30 Priority Sectors (cont d) Education Services Formal education Re-tooling services Tourism-related services Financial services Consumer financing Enterprise financing Insurance Savings mobilization Health services Agricultural development Countryside development 30
31 The challenge of sustaining the vision Requires support and commitment from the next 4 Administrations Not all achievable immediately/ simultaneously Need to sustain the momentum Strategic flexibility under changing conditions
32
33 33
The Philippine s Socio-economic Performance, Outlook, Challenges, and Vision National Economic and Development Authority
The Philippine s Socio-economic Performance, Outlook, Challenges, and Vision National Economic and Development Authority ILO Trade on Employment Workshop 6-7 October 2016 Socio-economic Performance 1980
More informationPhilippines: 2017 Economic Performance and Socioeconomic Priorities 2018 Onwards. Carlos Bernardo O. Abad Santos Assistant Secretary 09 March 2018
Philippines: 2017 Economic Performance and Socioeconomic Priorities 2018 Onwards Carlos Bernardo O. Abad Santos Assistant Secretary 09 March 2018 The Setting: Where We Are Now PH economic growth in sharp
More informationThe Philippine Economy
The Philippine Economy RECENT PERFORMANCE & PRIORITY REFORMS FOR SUSTAINED GROWTH ADORACION M. NAVARRO Undersecretary, Regional Development Office National Economic and Development Authority 1 8 6 4 PH
More informationLatest Philippine and Regional Economic Performance, and Socioeconomic Priorities 2018 Onwards
Latest Philippine and Regional Economic Performance, and Socioeconomic Priorities 2018 Onwards Carlos Bernardo O. Abad Santos ASSISTANT SECRETARY 28 November 2018 PH economic growth in an upward trajectory
More informationFrom Stability to Prosperity for All
From Stability to Prosperity for All March 2012 PQU Press Presentation Rogier van den Brink, Lead Economist Karl Kendrick Chua, Country Economist Poverty Reduction and Economic Management (PREM) Unit World
More informationSustaining Resilience, Expanding Opportunities for Inclusive Growth
1 Sustaining Resilience, Expanding Opportunities for Inclusive Growth Deputy Governor Diwa C. Guinigundo Bangko Sentral ng Pilipinas Source: Google images 2 PH emerges as growth leader in the ASEAN pack
More informationUnderstanding the Global ASEAN Consumer
Understanding the Global ASEAN Consumer The Philippines Millennials Roberto B. Tan Treasurer of the Philippines February 2015 ASEAN Offers a Future of Prosperity and Stability Combined GDP of nearly USD3tr
More informationMaking growth work for the poor
Making growth work for the poor A window of opportunity to eradicate extreme poverty and boost shared prosperity within one generation Karl Kendrick Chua Senior Country Economist The World Bank in the
More informationSecretary Ernesto Pernia National Economic Development Authority (NEDA)
Sixth Arangkada Philippines Anniversary Forum Arangkada Philippines: Implementing the Ten-point Agenda 14 September 2017 10:00 am 10:15 am Marriott Hotel Manila Secretary Ernesto Pernia National Economic
More informationMonitoring the Philippine Economy Second Quarter Report for 2016
Monitoring the Philippine Economy Second Quarter Report for 20 Project of Angelo King Institute Mitzie Irene P. Conchada 1 Assistant Professor School of Economics Regina S. Villasor BS Applied Economics
More informationFrom global norms to national implementation: tackling poverty through human capital formation, the case of the Philippines.
From global norms to national implementation: tackling poverty through human capital formation, the case of the Philippines. ROSEMARIE G. EDILLON Undersecretary for Policy and Planning National Economic
More informationThe state of human capital in the Philippines
The state of human capital in the Philippines Rosemarie G. Edillon, PhD UnderSecretary for Policy and Planning National Economic and DevelopmentAuthority 1 2 Table 10.2 B a s i c E d u c a t i o n Indicators
More informationImplementation & Reporting Philippines
Sustainable Development Goal Indicators Implementation & Reporting Philippines WILMA A. GUILLEN Assistant National Statistician Social Sector Statistics Service SSO/PHILIPPINE STATISTICS AUTHORITY 1 6
More informationA PROPOSAL FOR MONTH YEAR (ALL CAPS) CHARTBOOK. Market Indicators
A PROPOSAL FOR MONTH YEAR (ALL CAPS) CHARTBOOK Market Indicators November 2015 For more information, contact: Janlo de los Reyes Manager Research and Consultancy janlo.delosreyes@ap.cushwake.com Leo De
More informationTax Reform for Acceleration and Inclusion
DRAFT FOR DISCUSSION. SUBJECT TO CHANGE. Tax Reform for Acceleration and Inclusion Revised package 1 (Amended DOF bill) As of 04 September, 2017 9:59 AM (Full presentation) DRAFT FOR DISCUSSION. SUBJECT
More informationL-1 Part 2 Introduction to Indonesia Case Study
L-1 Part 2 Introduction to Indonesia Case Study IMF Singapore Regional Training Institute OT 18.52 Macroeconomic Diagnostics February 26 March 2, 2018 Presenter Stephan Danninger This training material
More informationMonitoring the Philippine Economy First Quarter Report for 2016
Monitoring the Philippine Economy First Quarter Report for 2016 Project of Angelo King Institute Mitzie Irene P. Conchada 1 Assistant Professor School of Economics Regina S. Villasor BS Applied Economics
More informationMonitoring the Philippine Economy First Quarter Report for 2017
Monitoring the Philippine Economy First Quarter Report for 2017 Project of Angelo King Institute Dr. Mitzie Irene P. Conchada 1 Associate Professor School of Economics Won Hee Cho BS-MS Economics School
More informationIndonesia Economic Quarterly, July 2014 Hard choices. Ndiamé Diop Lead Economist
Indonesia Economic Quarterly, July 214 Hard choices Ndiamé Diop Lead Economist The new administration will face major near-term challenges Fiscal pressures Economic growth Poverty and inequality reduction
More informationNational Economic and Development Authority
fa Republic of the Philippines National Economic and Development Authority National Planning and Policy Staff NEDA s Inputs the Project Link s Country Report October 2016 I. Recent Trends 1. The Philippine
More informationMONITORING THE PHILIPPINE ECONOMY
MONITORING THE PHILIPPINE ECONOMY Volume VI, No. 3, 2016 ISSN # 2094-3342 MONITORING THE PHILIPPINE ECONOMY YEAR-END REPORT FOR 2015 The Philippine economy expanded by 5.9% for the year 2015, fortifying
More informationPHILIPPINES BRIEF. World Bank. November 2007
PHILIPPINES BRIEF World Bank November 27 This Brief is produced by staff from the World Bank s East Asia & Pacific Region in conjunction with the issue of the Region s Semi-Annual East Asia & Pacific Update.
More informationINDONESIA ECONOMIC QUARTERLY MARCH 2013
INDONESIA ECONOMIC QUARTERLY MARCH 213 PRESSURES MOUNTING Jim Brumby, PREM Sector Manager & Lead Economist Paramadina Public Policy Institute, March 213 www.worldbank.org/id MARCH 213 IEQ LAUNCH PRESENTATION
More informationMacroeconomic policies conducive to job-rich and inclusive growth
Macroeconomic policies conducive to job-rich and inclusive growth Enrique Blanco Armas Senior Economist World Bank April 14, 2011 Launch of Labour and Social Trends Report for Indonesia Inter-Continental
More information6-8 September 2011, Manila, Philippines. Jointly organized by UNESCAP and BANGKO SENTRAL NG PILIPINAS. Country Experiences 1: ASEAN Economies
High-level Regional Policy Dialogue on "Asia-Pacific economies after the global financial crisis: Lessons learnt, challenges for building resilience, and issues for global reform" 6-8 September 2011, Manila,
More information2013 San Diego Economic Outlook. Marney Cox Chief Economist San Diego Association of Governments November 15, 2012
2013 San Diego Economic Outlook Marney Cox Chief Economist San Diego Association of Governments November 15, 2012 The Problem Gross Domestic Product Trillion$ Annual Gap Potential GDP Actual GDP 1990-2012
More informationMonitoring the Philippine Economy Third Quarter Report for 2016
Monitoring the Philippine Economy Third Quarter Report for 2016 Project of Angelo King Institute Mitzie Irene P. Conchada 1 Assistant Professor School of Economics Regina S. Villasor BS Applied Economics
More informationAsia and the Pacific: Economic Outlook and Drivers
2018/FDM1/004 Session 2.1 Asia and the Pacific: Economic Outlook and Drivers Purpose: Information Submitted by: International Monetary Fund Finance and Central Bank Deputies Meeting Port Moresby, Papua
More informationA PROPOSAL FOR CHARTBOOK. Market Indicators
A PROPOSAL FOR CHARTBOOK Market Indicators DECEMBER 2016 For more information, contact: Janlo de los Reyes Manager Research and Consultancy janlo.delosreyes@ap.cushwake.com Leo De Leon Senior Analyst Research
More informationUniversalism vs targeted social policy: Philippines experience in addressing the challenges facing the poor and disadvantaged and marginalized groups
Universalism vs targeted social policy: Philippines experience in addressing the challenges facing the poor and disadvantaged and marginalized groups Rosemarie G. Edillon, PhD 1 Introduction Sir John Maynard
More informationPhilippines. Key Indicators for Asia and the Pacific Item
1 POPULATION Total population a million; as of 1 July 76.8 78.4 79.9 81.5 83.1 84.7 86.3 87.9 89.4 91.0 93.1 94.8 96.5 98.2 99.9 101.6 103.2 Population density persons per square kilometer 256 261 266
More informationInvestor Presentation. For 2016
Investor Presentation For 216 Bangkok Bank 1. Operating Environment 2. Our Financial Results 216 3. Bangkok Bank s Position 4. Our Key Focus & Strategy 2 The Thai Economy: Steady Trend of Moderate Recovery
More information6-8 September 2011, Manila, Philippines. Jointly organized by UNESCAP and BANGKO SENTRAL NG PILIPINAS. Country Experiences 1: ASEAN Economies
High-level Regional Policy Dialogue on "Asia-Pacific economies after the global financial crisis: Lessons learnt, challenges for building resilience, and issues for global reform" 6-8 September 2011, Manila,
More informationMongolia Selected Macroeconomic Indicators September 19, 2013
Mongolia Selected Macroeconomic Indicators September 19, 13 For further information, please contact: SSelenge@imf.org Jan-8 May-8 Sep-8 Jan-9 May-9 Sep-9 Jan-1 May-1 Sep-1 May-11 Sep-11 May-1 Sep-1 May-13
More informationRecent Economic Developments
REPUBLIC OF INDONESIA Recent Economic Developments January, 2010 Published by Investors Relations Unit Republic of Indonesia Address Bank Indonesia International Directorate Investor Relations Unit Sjafruddin
More informationMarket P/E (X) : Year Avg. Daily Turnover : USD Million Market Cap to GDP Ratio : 21%
Market P/E (X) : 16.78 5 Year Avg. Daily Turnover : USD 68.26 Million Market Cap to GDP Ratio : 21% Bangladesh Capital Market Commentary: Bangladesh equities market continued to exhibit a resilient performance
More informationTax Reform For Acceleration And Inclusion Package 1
Republic of the Philippines DEPARTMENT OF FINANCE NATIONAL TAX RESEARCH CENTER Harbor Center II, 23 rd Street Cor. Delgado Street Port Area, Manila Tax Reform For Acceleration And Inclusion Package 1 Presented
More informationPotential Effects of Regional Comprehensive Economic Partnership (RCEP) on the Philippine Economy*
Potential Effects of Regional Comprehensive Economic Partnership (RCEP) on the Philippine Economy* Caesar B. Cororaton Presented at the Philippine Institute for Development Studies Quezon City, Metro Manila
More informationMonitoring the Philippine Economy
Monitoring the Philippine Economy Second Quarter Report for 2015 Project of Angelo King Institute Mitzie Irene P. Conchada 1 Assistant Professor School of Economics Edgardo Manuel Jopson BS-MS Economics
More informationEmployment, Productivity and Poverty Reduction in the Philippines
Employment, Productivity and Poverty Reduction in the Philippines Director Lawrence Jeff Johnson ILO Country Office for the Philippines 34 th National Conference of Employers 24 May 2013, Manila Global
More informationFuture of the Agricultural Sector: Purdue Extension and Financial Markets
Future of the Agricultural Sector: Purdue Extension and Financial Markets Jason Henderson, Ph.D. Director of Purdue Extension July 7, 2015 Community Forums: Spring 2015 Nearly 800 attendees 21 Community
More informationPresentation. Global Financial Crisis and the Asia-Pacific Economies: Lessons Learnt and Challenges Introduction of the Issues
High-level Regional Policy Dialogue on "Asia-Pacific economies after the global financial crisis: Lessons learnt, challenges for building resilience, and issues for global reform" 6-8 September 211, Manila,
More informationGlobal Economic Prospects and the Developing Countries William Shaw December 1999
Global Economic Prospects and the Developing Countries 2000 William Shaw December 1999 Prospects for Growth and Poverty Reduction in Developing Countries Recovery from financial crisis uneven International
More informationKey developments and outlook
1/22 Key developments and outlook Economic growth projection is revised up from a stronger recovery of exports. Meanwhile, government spending remains an important growth driver. Private spending gradually
More informationPhilippine Country Report Asia Securities Forum Ismael G. Cruz Philippine Association of Securities Brokers Dealers
Philippine Country Report Asia Securities Forum 2016 Ismael G. Cruz Philippine Association of Securities Brokers Dealers PHL GDP Growth Of 6.2% from 2010 to 2015, Accelerating from 4.9% in 2000-2009, and
More informationInclusive Growth, Poverty and Inequality in Pacific Island Countries
Inclusive Growth, Poverty and Inequality in Pacific Island Countries Neelesh Gounder 14th GDN Conference, Manila, Philippines June 19 21, 2013 What is Inclusive Growth? Not all growth periods are inclusive.
More informationEQUITY FUND. May 31, 2013
EQUITY FUND The PSE index eased 0.69% in May to close at 7,021.95 points. Local stocks succumbed to profit-taking after the index hit an intra-day high of 7,406.65 points mid-month on concerns of steep
More informationFully digital process, no lines. No forms. No fees. Open an account via our mobile app.
Savings Account V.1 How is ING Savings Account different? Fully digital process, no lines. No forms. No fees. Open an account via our mobile app. Made for everyone, no minimum amount to open, no maintaining
More informationASEAN Insights: Regional trends
ASEAN Insights: Regional trends December 2017 1. Global trends CONSUMER AND BUSINESS CONFIDENCE ROBUST; UNEMPLOYMENT RATE FALLS WHILE INFLATION EDGES UP The global economic environment continued on its
More informationAPPENDIX: A SNAPSHOT OF INDONESIAN ECONOMIC INDICATORS
APPENDIX: A SNAPSHOT OF INDONESIAN ECONOMIC INDICATORS Appendix Figure : Quarterly and annual GDP growth (percent growth) Appendix Figure : Contributions to GDP expenditures (quarter-on-quarter, seasonally
More informationGlobal Economic Prospects: Navigating strong currents
Global Economic Prospects: Navigating strong currents Andrew Burns World Bank January 18, 2011 http://www.worldbank.org/globaloutlook Main messages Most developing countries have passed with flying colors
More informationCHINA S RESPONSES TO GLOBAL FINANCIAL CRISIS
CHINA S RESPONSES TO GLOBAL FINANCIAL CRISIS Yiping Huang Seminar at the Crawford School of Economics and Government, ANU, March 1, 29 GLOBAL FINANCIAL CRISIS Three unique factors contributed to the current
More informationEconomic Profile of Bhutan
Economic Profile of Bhutan Submitted to: Dr. Ahmed Tazmeen Assistant Professor, Department of Economics North South University Submitted By: Namgay Wangmo MPPG 6th Batch ID # 1612872085 Date of Submission:
More informationMongolia Selected Macroeconomic Indicators January 24, 2014
Mongolia Selected Macroeconomic Indicators January 2, 21 For further information, please contact: SSelenge@imf.org 2 2 27 2 29 21 211 212 213 213 Q1 Q2 Q3 Oct. Nov. Dec. Q Total US$-value 1,3 1,97 2,3
More informationAsia Bond Monitor November 2018
7 December 8 Key Developments in Asian Local Currency Markets T he monetary board of the Bangko Sentral ng Pilipinas decided to keep its key policy rates steady during its final meeting for the year on
More informationEast Asia-Pacific Economic Update Clearing skies
East Asia-Pacific Economic Update Clearing skies William E. Wallace Lead Economist World Bank 4 November 29 Jakarta Indonesia Indonesia through the global crisis Growth has been picking up After stalling
More informationVietnam: Economic Context
Vietnam: Economic Context Parliamentary Network Visit to Vietnam March 5 8, 218 Hanoi, Vietnam Jonathan Dunn IMF Resident Representative International Monetary Fund Outline 2 IMF activities Economic achievements
More informationIndia: Great Expectations
India: Great Expectations Bangalore, India NEW CHINA: IMPACT OF THE CHINESE CONSUMER India: Great Expectations India is widely expected to be one of the fastest growing economies in the world despite
More informationFigure 1. Nepal: Recent Fiscal Developments
Jul/Aug Aug/Sept Sept/Oct Oct/Nov Nov/Dec Dec/Jan Jan/Feb Feb/Mar Mar/Apr Apr/May May/Jun Jun/Jul Figure 1. : Recent Fiscal Developments Strong revenue growth combined with subdued capital spending kept
More informationAdjusting the Sails: Supporting the Sustainable Growth of the Real Estate Sector
Adjusting the Sails: Supporting the Sustainable Growth of the Real Estate Sector 3 rd Monthly Business Meeting Chamber of Real Estate & Builders Association, Inc. (CREBA) Hotel Intercontinental Makati,
More informationMongolia Selected Macroeconomic Indicators December 18, 2013
Mongolia Selected Macroeconomic Indicators December 18, 213 For further information, please contact: SSelenge@imf.org 2 2 27 28 29 21 211 212 213 212 213 Q1 Q2 Q3 Oct. Nov. First 11 months Total US$-value
More informationInvestor Presentation. For 2018
Investor Presentation For 2018 Bangkok Bank Operating Environment 2019 Focus Financial Performance 2 Global Economy in 2019 is set to slow against the backdrop of the US-China trade tension and quantitative
More informationMonthly Economic Insight
Monthly Economic Insight Prepared by : TMB Analytics Date: 22 February 2018 Executive Summary Synchronized global economic growth continued to brighten global economic outlook and global trade outlook.
More informationAXA UL Funds. Annual Report 2017
AXA UL Funds Annual Report 2017 Table of Contents Statement of Assets and Liabilities Philippine Economy: 2017 Snapshot Local Equity Market Fixed Income Market Update Wealth Equity Fund Opportunity Fund
More informationPoland s Economic Prospects
Poland s Economic Prospects Unicredit Conference Warsaw, June 8, 11 Mark Allen Senior IMF Resident Representative for Central and Eastern Europe Recovery is driven by domestic demand Contributions to Real
More informationAsia Bond Monitor March 2015
June 1 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets Consumer price inflation in Malaysia accelerated to.1% year-on-year (y-o-y) in May from 1.8% y-o-y in April, mainly due
More informationRural and Small Farmer Finance - Africa and South Africa
Rural and Small Farmer Finance - Africa and South Africa Gerhard Coetzee Centre for Microfinance, University of Pretoria and Head of ABSA Micro Enterprise Finance Presentation to the Procasur Study Group
More informationCOUNTRY ECONOMIC INDICATORS (CAMBODIA)
OrbiMed Asia Partners III, LP Fund (RRP REG 51072) COUNTRY ECONOMIC INDICATORS (CAMBODIA) Item 2012 2013 2014 2015 2016 Est. 1. GDP per capita ($, current) 973 1,042 1,131 1,218 1,331 2. GDP growth (%,
More informationChanges in the Workforce of Upstate New York State of Upstate New York Conference, Syracuse, NY
Changes in the Workforce of Upstate New York State of Upstate New York Conference, Syracuse, NY June 9, 2011 The views expressed here are those of the presenter and do not necessarily represent the views
More informationNdiame Diop, Lead Economist & Economic Advisor World Bank Indonesia BKPM, December 16, 2013
Ndiame Diop, Lead Economist & Economic Advisor World Bank Indonesia BKPM, December 16, 2013 Overview of recent economic developments Framing the policy choices for the current account and growth in 2014
More informationPRESENTATION. The Philippine Economy: Prospects and Outlook for
PRESENTATION The Philippine Economy: Prospects and Outlook for 2015-2016 SECRETARY ARSENIO M. BALISACAN Economic Planning Secretary and NEDA Director-General FOCAP Prospects for the Philippines Forum 11
More informationGender Issues in SME Finance: Philippines
2011/GFPN/WKSP/023 Session 7 Gender Issues in SME Finance: Philippines Submitted by: Philippines Workshop on Microfinance Best Practices Ha Noi, Viet Nam 7-8 April 2011 Gender Issues in SME Finance: Philippines
More informationECONOMIC OUTLOOK GROWING BUT SLOWING. Chris Akers State Demography Office November 4, 2016
z ECONOMIC OUTLOOK GROWING BUT SLOWING Chris Akers State Demography Office November 4, 2016 OVERVIEW Global Economic Outlook Better in 2017 U.S. Economic Overview Slowing Job Growth Colorado 2015 Economic
More informationSUMMARY OF SELECTED ECONOMIC INDICATORS
SUMMARY OF SELECTED ECONOMIC INDICATORS RECENT DATA GRAPHS HISTORICAL DATA GRAPHS P.E.I. CONSUMER PRICE INDEX P.E.I. LABOUR FORCE STATISTICS CANADA/P.E.I. GROSS DOMESTIC PRODUCT, INCOME-BASED CANADA /
More informationInvestor Presentation. For 3Q18
Investor Presentation For 3Q18 Bangkok Bank 1. Operating Environment 2. Our Key Focus and Position 3. Our Financial Result 3Q18 2 For 2018, global economic expansion remains solid However, the outlook
More informationSoutheast Asia s Dynamic Economies. Presented by: Manuel Galatas General Manager, BBVA Asia Madrid, 26 April 2011
Southeast Asia s Dynamic Economies Presented by: Manuel Galatas General Manager, BBVA Asia Madrid, 26 April 211 Outline 1 Overview of ASEAN economies 2 Southeast Asian Economies the ASEAN-5 Political landscape
More informationMacroeconomic and Financial Development: Mongolia
Macroeconomic and Financial Development: Mongolia WORKSHOPS ON SUPPORTING ASIA PACIFIC LLDCs AND BHUTAN IN MOBILIZING RESOURCES FOR THE SDGs 14 December 201 Current state of macroeconomic and financial
More informationBNM Maintains OPR at 3.25%, Hawkish About Economic Outlook
7 March 2018 ECONOMIC REVIEW March 2018 BNM MPC BNM Maintains OPR at 3.25%, Hawkish About Economic Outlook Overnight Policy Rate maintained at 3.25%. In line with our expectation, overnight policy rate,
More informationMongolia Economic Brief
September 216 http://www.worldbank.org/mongolia Mongolia Economic Brief The budget deficit sharply rose in the first seven months of 216 amid spending increases and revenue shortfalls. The deficit reached
More informationPutting China s Capital to Work The Value of Financial System Reform
McKinsey Global Institute Putting China s Capital to Work The Value of Financial System Reform Susan Lund, Senior Fellow McKinsey Global Institute October 25, 2006 KEY MESSAGES China has made steady advances
More informationCambodia Sustainable Development Resource Mobilization: Assessing Financing Gaps and Needs
Cambodia Sustainable Development Resource Mobilization: Assessing Financing Gaps and Needs KIM VEARA, LECTURER, DEPARTMENT OF ECONOMIC DEVELOPMENT, FACULTY OF DEVELOPMENT STUDIES, ROYAL UNIVERSITY OF PHNOM
More informationCapital and Business Alliance with Security Bank Corporation
The Bank of Tokyo-Mitsubishi UFJ, Ltd. Capital and Business Alliance with Security Bank Corporation Tokyo, January 1---The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) (President: Nobuyuki Hirano) announced
More informationMoneyMinded in the Philippines Impact Report 2013 PUBLISHED AUGUST 2014
in the Philippines Impact Report 2013 PUBLISHED AUGUST 2014 1 Foreword We are pleased to present the Philippines Impact Report 2013. Since 2003, ANZ's flagship adult financial education program, has reached
More informationEgypt Resilience and Potential
Egypt Resilience and Potential INTERNATIONAL BANKING FORUM 2011 Brescia, 16-17 June 2011 Issa, Ahmed Head of Financial Institutions Group Commercial International Bank Agenda o January 25 th February 11
More informationCity Economic Digest
City Economic Digest January 216 Overview City Economic Digest January 216 This report interprets and analyses a wide range of data and intelligence to (i) provide up to date, comprehensive data relating
More information1. Macroeconomic Highlights
1. Macroeconomic Highlights ht Macroeconomic Highlights Resilient growth over the last 2 years, despite the global economic slowdown Banking industry robust with high level of CAR and low NPLN. In 2008
More informationPhilippine (Metro Manila) Case Study on Municipal Finance
Philippine (Metro Manila) Case Study on Municipal Finance NOV. 8, 2018 JUSTINE DIOKNO-SICAT, PHD ASSISTANT PROFESSOR UNIVERSITY OF THE PHILIPPINES (DILIMAN) Research Question and Objective How does decentralization
More informationLAO ECONOMIC MONITOR APRIL 2017
LAO ECONOMIC MONITOR APRIL 2017 May-June 2017 1. Recent Economic Developments and Outlook 2. Health Sector Financing in Lao PDR 1. Recent Economic Developments Contents 1. Key findings 2. Growth and inflation
More informationMacroeconomic Indicators, Macroeconomic Policies, Macroeconomic Outlook and Issues of Concern
High-level Regional Policy Dialogue on "Asia-Pacific economies after the global financial crisis: Lessons learnt, challenges for building resilience, and issues for global reform" 6-8 September 2011, Manila,
More informationIntegrating Statistics on National Accounts for Sustainable Development Goals
Integrating Statistics on National Accounts for Sustainable Development Goals VIVIAN R. ILARINA Assistant National Statistician Philippine Statistics Authority Expert Seminar on Integrated Statistics for
More informationSALEF AUM ASSETS UNDER MANAGEMENT
Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 ASSETS UNDER MANAGEMENT 5,000,000,000 4,500,000,000 4,000,000,000 3,500,000,000
More informationMalaysia Economic Monitor The Quest for Productivity Growth
Malaysia Economic Monitor The Quest for Productivity Growth 1 Contents RECENT ECONOMIC DEVELOPMENTS AND OUTLOOK External environment Domestic economic developments Outlook THE QUEST FOR PRODUCTIVITY GROWTH
More informationEfforts of the Philippine Statistical System in Poverty Mapping
Efforts of the Philippine Statistical System in Poverty Mapping Presented by Jessamyn O. Encarnacion National Statistical Coordination Board for Attaining the MDGs And Sustainable Development 20-24 April
More informationRegional economic overview: Midyear assessment. Christopher Edmonds Senior Economist Pacific Department, Asian Development Bank, Manila
Regional economic overview: Midyear assessment Christopher Edmonds Senior Economist Pacific Department, Asian Development Bank, Manila ADB Developing Member Countries in the Pacific International and regional
More informationNIGERIA S ECONOMIC OVERVIEW
NIGERIA S ECONOMIC OVERVIEW Presented at the Plenary Session of UK-Nigeria Trade & Investment Forum By Senator Udoma Udo Udoma, CON Honourable Minister Ministry of Budget and National Planning 17 th April,2018
More informationMacroeconomic Overview of India: Recent Trends and Developments
Macroeconomic Overview of India: Recent Trends and Developments Mathew Joseph Senior Consultant, ICRIER India-Taiwan Relations ICRIER-CIER Joint Feasibility Study New Delhi 17 January 2011 1 Structure
More informationOntario Economic Accounts
SECOND QUARTER OF 2017 April, May, June Ontario Economic Accounts ONTARIO MINISTRY OF FINANCE Table of Contents ECONOMIC ACCOUNTS Highlights 1 Ontario s Economy Continues to Grow Expenditure Details 2
More informationEmerging Global Challenges and implications for Indonesia
Emerging Global Challenges and implications for Indonesia Muhammad Chatib Basri Harvard Kennedy School and University of Indonesia Short term problems: macroeconomic stability 2 The macroeconomic impact
More informationGrowth Trajectories and the Rise of Middle Class India in a Comparative Perspective
Growth Trajectories and the Rise of Middle Class India in a Comparative Perspective R Nagaraj, Indira Gandhi Institute of Development Research, Mumbai. India s Economic Performance Growth acceleration
More informationIn Support of Bangladesh s Sustainable LDC Graduation
In Support of Bangladesh s Sustainable LDC Graduation Session 3: Forging Partnerships for Sustainable Graduation Christian Eigen-Zucchi The World Bank November 29, 2017 1 Outline Distinguishing LDC vs.
More information