The Cover: Policy research today requires discussion among peers (photo 1 shows a forum on the Japan-Philippine economic partnership agreement under the Philippine APEC Study Center Network), presentation through various media outlets (photo 2 shows Dr. Mario Lamberte, PIDS president, in the radio show Galing Pinoy on DZAR Angel Radio hosted by Ms. Ivy Aviño enlightening the listening public on the activities included in the celebration of the Develop- ment Policy Research Month or DPRM) and seminar or forum (photo 3 shows Dr. Aniceto Orbeta Jr., PIDS senior research fellow, giving a talk on education issues and policies to provincial planning development officers of Region 10 ), and further discussion with policymakers themselves (photo 4 shows Bukidnon 1st District Representative Romeo Nereus Acosta making a point in a joint PIDS-Senate forum on the growing population). 2003 PIDS Annual Report

RESPONSIVE POLICYMAKING THROUGH POLICY RESEARCH

Philippine Institute for Development Studies Surian sa mga Pag-aaral Pangkaunlaran ng Pilipinas Philippine Institute for Development Studies

The Institute The Philippine Institute for Develop- ment Studies (PIDS) is a nonstock, nonprofit government research institu- tion engaged in long-term, policy- oriented research. It was established research lines considered by PIDS to on September 26, 1977 by virtue of be of high priority, without drawing Presidential Decree No. 1201. them away from the academic and research institutions where they are PIDS is envisioned to be a develop- based. It has likewise built its inhouse ment policy “think tank” for planners, research staff. policy- and decisionmakers in gov- ernment. In serving this role, PIDS Through the Institute’s activities, it is has tapped and encouraged the hoped that policy-oriented research on existing reservoir of research re- social and economic development can sources in the Philippine academic be expanded to assist the government community to become productive in in planning and policymaking.

ii 2003 PIDS Annual Report

Table of Contents H Income Statement 46 I Statement of Cash Flows 47 J Notes to PIDS Financial Statements 48 The Institute ii K Board of Trustees 50 The President’s Message iv L Local Advisory Board 50 M Management Committee 51 Research and Research- N Research Staff 51 Related Activities 1 O Research Associates 52 Research Dissemination P Affiliated Researchers and Utilization 13 and Institutions 52 Management Information 22 Investment and Financial PIDS Provident Fund Operations 23 Q Independent Auditor’s PIDS Provident Fund 24 Report 54 PIDS Employees Association 26 R Comparative Statement of Financial Condition 55 Annexes S Comparative Statement of Operations 56 A Completed Studies 27 T Statement of Cash Flows 56 B Ongoing Studies 28 U Notes to Financial Statements 57 C Public Affairs 30 D Media Exposure 35 PIDS Employees Association E Publications 42 V Statement of Financial F Audit Certificate 44 Condition 58 G Balance Sheet 45 W Statement of Operations 58

iii Philippine Institute for Development Studies

The President’s Message

Building on the achievements of the country celebrated the first nationwide previous years, the Institute continues observance of the DPRM with the to bring policy research nearer to National Economic and Development policymakers with much vigor. Authority (NEDA) and a host of other government and academic institutions For its continuing efforts, it was providing much support. In all, 42 rewarded in 2002 with President activities were carried out during the Gloria Macapagal-Arroyo’s declaration month. of the month of September as Devel- opment Policy Research Month The enthusiasm displayed by the (DPRM) through Malacañang Procla- participating institutions nationwide mation No. 247, series of 2002, and the in holding these activities is indeed designation of the Institute as the heartwarming and encouraging. This overall coordinator of the activities cooperation proves that policy re- relating to the observance of said search is month. positively alive in both the The importance of policy research in private and the policy formulation, planning and public institu- decisionmaking processes affecting tions with the socioeconomic development issues has government been noticed and given attention by an providing the economist herself. The declaration, much needed however, is not something that should encouragement be looked at simply as a reward. to complete the Rather, it should serve as an inspira- picture. tion and provide for further impetus for the Institute to fulfill its mandate The Philippine with more intensity and dedication. Institute for Development In response, therefore, the Philippine Studies there- Institute for Development Studies fore thanks (PIDS) delivered in 2003. everyone who joined the With the Institute at the helm, the celebration and entire research community in the took part in

iv iii 2003 PIDS Annual Report

elevating people’s awareness and sive policymaking that could guide appreciation of the value and impor- the country toward international tance of policy research in competitiveness. nationbuilding. Policies as well as programs and projects of the govern- Following its silver anniversary in ment would have more backbone and 2002, the Institute had good reasons direction if they have a strong research to look forward to another productive base to anchor and lean on compared and committed year. Its outputs for to the intuitive strategy of whimsical 2003—49 completed studies, 60 public decisionmaking. Policy research thus affairs activities and 56 publications in minimizes failures and inconsistencies various formats—therefore speak of of the government’s various efforts to this renewed commitment. improve efficacy and efficiency in responding to people’s needs. More- Policy formulation is a difficult job. over, in this era of globalization, Through the provision of the research critical issues need research-oriented base, the Institute specifically helps investigations to provide more respon- policymakers address that difficulty.

MARIO B. LAMBERTE, Ph.D.

v Research and Research- 2003 PIDS Annual Report Related Activities contributions of the Philippine APEC Study Center Network (PASCN). On the other hand, 59 studies are still ongoing, of which 27 are from the PASCN. he Institute’s role in policy research has been strengthened The studies enumerated below are Tfurther by Malacañang Procla- grouped under the eight thematic areas mation No. 247 in 2002, which de- of the PIDS Research Agenda for 2000- clared the observance of the Develop- 2004. These research topics have been ment Policy Research Month (DPRM) identified through a highly consulta- every month of September thereafter. tive process as critical issues for the next five years and for which the PIDS This Proclamation recognizes the and the development research commu- critical role of policy research in the nity should look into. country’s planning and policymaking process and gives due importance to Completed Projects/Studies the contributions of the research Modernizing Philippine Agriculture community in helping to enhance the A total of seven studies under this quality of decisions made at the local theme have been completed. The and national levels through the research project Strengthening Social various inputs provided by research. Science and Policy Researches for Philippine Agriculture and Fisheries Through the years, the Philippine produced six studies. The project is in Institute for Development Studies line with the thrust of the Department (PIDS) has completed a number of of Agriculture-Bureau of Agricultural studies that form part of this body of Research (DA-BAR) to modernize the research being made available to country’s agriculture and fisheries The top three men of the policymakers and planners. And in sector as envisioned by the Agriculture Institute: (from left) Vice 2003, the Institute had added another and Fisheries Modernization Act President Dr. Gilberto set of studies to this already abundant (AFMA). It is geared toward producing Llanto, President Mario inventory of policy research. leaders, social scientists, and technical Lamberte and Director for staff who will enable the DA-BAR to Project Services Mr. Mario At the end of 2003, the Institute has forge its vision and implement a Feranil. completed 49 studies, 5 of which are concerted program to modernize the agriculture sector. It is also aimed at developing social scientists equipped not only with knowledge and skills but with commitment to areas specified under the project.

The six research contracted researches completed under the project are as follows: (a) Management and Imple- mentation of the Social Science and Policy Research Network for Agriculture; (b) Conduct of 1 Philippine Institute for Development Studies

Training Program on Survey Sam- pines (which is a review paper of pling for Social Science Research; (c) different CBCRM project sites in Agriculture Price Transmission; (d) Mindanao, particularly Panguil Bay, Development of a Customized and which undertook a survey of Programs and Generation of Data fishing households in these sites for Tables Using the BBS; (e) Establish- the purpose of providing primary and ment of Safety and Occupational secondary database for the third Health Standards in the Cutflower study); and Assessment of Fisheries Industries; and (f) An Analysis of the Resource Management Approaches in Nutritional Status of Rural House- the Philippines, which aims to assist in holds in the Philippines. the development and implementation of the statistical procedures for the Another study was completed under survey conducted under the project. the project A Comprehensive Assess- ment of the Philippine Agricultural Continuing with its collaboration with Extension System (Phase 1), a joint the University of the Philippines-Los research undertaking with DA-BAR Banos-based Institute for Strategic which aims to describe and analyze Planning and Policy Studies (ISPPS) the structure, conduct, and perfor- and other researchers from the De La mance of the Philippine agricultural Salle University-Taft and the Univer- extension system in order to provide sity of the Philippines system, among the bases for the design of policy and others, under the aegis of the Sustain- institutional reforms needed to able Agriculture and Natural Resource strengthen research, development, and Management Collaborative Research the extension system. The subcon- Support Program for Southeast Asia tracted study completed under the (SANREM CRSP/SEA), the Institute project is titled Structure, Conduct, and completed three more studies titled Performance of DA Extension Units. Water Allocation Mechanisms and Environmental Service Payments; Natural Resources Iloilo Watershed Management Council: and the Environment A Local Initiative in Watershed The project Assessment of the Fisher- Management; and Legislative/Policy ies Resource Management Ap- Implications for Water Resource proaches in the Philippines aims to Management. These are continuing assess the different approaches in studies from the previous year’s fisheries management in the Philip- project on water resources manage- pines, particularly the implementation ment and are scheduled to be included of regulations at the national level and in a one-volume publication focusing the conduct of community-based on watersheds, water policies and coastal resources management water institutions. (CBCRM) projects at the local level. Three research activities were com- Competitiveness and Competition pleted under the project. These are the Policy Main Report; the Conduct of the Seven studies were completed under Project Assessment of Fisheries this theme. The first one is titled Resource Management Assessment of the National Competi- 2 Approaches in the Philip- tion Policies (Perspective Paper) and 2003 PIDS Annual Report

mance of the economy and analyzes how it has been affected by develop- ments in R&D and technology. Gen- eral R&D and technology policies and institutional structure and arrange- ments are examined. National as well as specific sectoral gaps are identified, while weaknesses in institutional arrangements are highlighted. Insights for policy are derived from the analy- sis.

The third study is titled Strengthening Bilateral Trade and Investment Relationships Between Latin America and the Philippines: Beyond Economic The perspective paper on outlines the framework for competi- Diplomacy which analyzes the issues S&T analyzes research and tion policy in the Philippine setting. It and opportunities for Philippine trade development (R&D) and then attempts to assess the state of and investment in Latin America. It technology from the perspec- competition in the Philippines. What particularly looks at the implications tive of Philippine economic has the Philippines done along the of regional trading arrangement on the growth. It examines the framework of competition policy and Philippines. productivity performance of what has been the impact on the state the economy and analyzes of competition in the different sectors Under the project Global Competi- how it has been affected by of the Philippine economy? The paper tiveness through Improved Produc- developments in R&D and makes a general assessment across the tivity, the study on The Relationship technology. different sectors of the economy by Between Productivity and Market looking at the existing major factors Shares of Major Agricultural Exports that could determine the state of estimates some productivity indicators competition in the different sectors. It of the major Philippine agricultural also looks at policy reforms that have exports and provides a description of been implemented to improve the structural changes and transformation state of competition in these sectors. of the agriculture sector. Attempts Finally, the paper addresses the issues were made to link structural changes, that confront competition policy and policy gaps, and productivity changes suggests possible approaches to in agriculture in this study. formulating and implementing a workable competition policy for the The Competitive Strategy Report, on Philippines. the other hand, includes a revised version of the competitive strategy The next paper is S&T in the Philip- report presented at the first ASEAN- pines for the Last 25 years (Perspective Japan Research Institute Meeting Paper). In this paper, research and (AJRIM) that takes the following development (R&D) and technology points into consideration: (a) develop- are analyzed from the perspective of ment of supporting industry; (b) R&D Philippine economic growth. It activities conducted by both examines the productivity perfor- foreign and indigenous 3 Philippine Institute for Development Studies firms; (c) diversification and upgrad- products of banks to enhance competi- ing of products engaged by both tion and efficiency, beginning with the foreign and indigenous firms; (d) introduction of universal banking in policy for human resources develop- 1980. ment and its assessment; (e) identifica- tion of barriers to trade and invest- The second is the study titled Assess- ment; and (f) promising industries in ment of the President’s Budget for 2003 the Philippines in the mid- and long- which presents an evaluation of the term. It also contains a short paper on President’s Budget for 2003. First, it the Philippines’ perception of ASEAN- shows that the fiscal targets set out in Japan Comprehensive Economic the administration’s Budget of Expen- Partnership Agreement. ditures and Sources of Financing (BESF) for 2003 are not likely to be The Studies on the Impact of Trade met. Second, it imphasizes that the Reforms and Globalization project problem with the fiscal deficit stems produced the Catalogue, Organized largely from the continuous slide in Data Bank for Trade and Policy tax effort. And third, in the near term, Industry Analyses. The objectives of fiscal consolidation cannot be achieved this project is to catalogue and orga- unless corrections on the revenue side The Philippines has followed nize data in order to achieve the are effected as government expendi- a policy of despecialization in following: (a) facilitate ease in moni- tures have already been cut to the the banking sector by toring reforms; (b) document changes bone. widening the range of for easy use in policy analysis; (c) permissible activities and serve as data bank for access by other The next study is titled Microfinance: products of banks to enhance researchers and policymakers; and (d) A Market Approach which started in competition and efficiency, organize historical data for easier 2001. It involves the analysis and beginning with the introduc- reference. measurement of relative efficiency of tion of universal banking in market-based microfinance mecha- 1980. Finally, the study on Backsliding Tariff Policy aims to assess the effects of the recent tariff policy reversal.

Macroeconomic Management in a Globalized Setting Under this theme, six studies were completed, the first one being the Assessment of Banking Policy for the Last 25 Years (Perspective Paper). This paper examines the trends in Philip- pine banking regulation in the past 25 years.

In particular, it notes that the Philip- pines has followed a policy of despecialization in the banking sector by widening the range of 4 permissible activities and 2003 PIDS Annual Report nisms in financing SMEs as well as revenue program; and (iii) the congru- analysis of the microeconomic effect of ence of the expenditure program with the regulatory environment for the policy pronouncements and budgetary operation of community-oriented intent as articulated in the Medium- finance institutions. Term Philippine Development Plan (MTPDP). This paper also highlights A related study is titled The Role of why it is critical to always have a Other Economically Active Household comprehensive picture of the public Members in Poverty Alleviation which sector. It documents how the positive further explores and assesses the fiscal outlook for the national govern- current condition of microfinance in ment in 2003-2004 masks the rapid the Philippines from the household deterioration in the fiscal position of perspective by utilizing the data the nonfinancial public sector mainly gathered from the household survey because of the huge losses registered conducted under the PIDS-Laval by a number of government-owned Project on Microfinance: A Market and controlled corporations (GOCCs). Approach. While the nonfinancial public sector in the aggregate is projected to have a Another completed study is titled small primary surplus in 2004 after State of Competition Policy in the posting primary deficits in 2002-2003, Insurance Industry: Selected Asian its consolidated fiscal position is Countries. This paper is a preliminary deemed to be unsustainable in 2003- review of the state of competition in 2004. The solutions to this problem are the insurance industry of selected not easy: increasing tariffs, Asian countries. In particular, it privatization and regulatory reform. explores how competition has been affected by the market structure and The Philippines has not been immune the regulatory regime in the insurance to the worldwide trends toward the industries of the ASEAN5 economies creation of semi-autonomous revenue (Indonesia, Malaysia, Philippines, authorities. To date, three bills are Singapore, and Thailand). pending at the House of Representa- tives seeking to establish a semi- The Analysis of the President’s Budget autonomous internal revenue adminis- project has already been institutional- tration to replace the Bureau of Inter- ized within the Institute as a recurrent nal Revenue. A review of the interna- annual activity centered on the assess- tional experience reveals that the ment of the national government record of semi-autonomous revenue budget. The Analysis of the authorities in improving tax effort and President’s Budget for 2004 is the in combating corruption is mixed. fourth offering in this research series. Moreover, even in many of the coun- The evaluation of the President’s tries that have shown some degree of Budget for 2001-2004 that is presented success with the model, there is some in this paper is composed of three evidence that the gains in revenue parts: (i) an evaluation of the overall performance tend to be eroded after fiscal outlook as projected in the some time. The more successful and President’s Budget in terms of its sustainable revenue authori- sustainability; (ii) an examination of its ties appear to be those that 5 Philippine Institute for Development Studies have a higher degree of autonomy. Thus, should Philippine authorities decide to adopt the autonomous revenue authority model, it is impera- tive that it should be done right. Half measures will not be good enough. Doing it right implies that the new tax agency should be vested with strong autonomy-enhancing features and accountability mechanisms. The study titled Tax Administration Reform: (Semi)Autonomous Authority Anyone? reviews the specific provisions of the alternative bills and suggests concrete regulatory framework to ensure fair On infrastructure: It is areas for improvement. competition, adequate returns to the important to consider an private investor and consumer wel- appropriate regulatory Infrastructure Development fare. framework to ensure fair Two papers were completed under this competition, adequate theme. The first one is the study on The second is the Study on Rural and returns to the private Infrastructure Policies and Regional Infrastructure Expenditures. investor and consumer Privatization Experience in the This paper evaluates the management welfare. Philippines in the Past 25 Years and spending in public works during (Perspective Paper). This study pre- the period 1997-2001 taking the case of sents in broad strokes a chronicle of the Department of Public Works and infrastructure development in the Highways’ (DPWH) regional and Philippines in the last twenty-five district offices. These offices of the years. It covers the infrastructure DPWH implement the agency’s experience across the Marcos regime to locally-funded (as opposed to foreign- the Estrada administration. funded) projects as well as public works “pork-barrel” projects or the The main objective of this paper is to project initiatives of the members of flag those gaps and issues for future Congress. In general, this study research, policy analysis and policy attempts to provide an overview of the formulation. It calls particular atten- funds spent for these projects and an tion to several constraints, such as assessment of the fund utilization large budget deficits faced by the performance of the agency in the national government, inefficient context of agency goals and congres- government implementation of sional influences in public works infrastructure projects, unclear policy planning and spending. and regulatory framework for private participation in infrastructure. Among Social Sector Reform others, it brings attention to the design Most completed studies this year are of the regulatory framework for grouped under this theme. Two infrastructure that would be necessary studies under the Estimation and to motivate private sector participa- Institutionalization of the Philippine tion. It is important to Population Management Program 6 consider an appropriate (PPMP) Expenditures project were 2003 PIDS Annual Report completed. The Estimation and selected countries. It is aimed at Institutionalization of the PPMP integrating child labor issues within Accounts study aims to establish national development strategies and criteria for assessing data sources, and poverty alleviation programs. assessment of alternative data sources. Mainstreaming child labor concerns in It will also develop estimation proce- the national policy consciousness dures, estimate sources and uses entails the expandsion of the knowl- matrices for 1998 and 2000, as well as edge base, building of capacities and the documentation of estimation institutions, and active advocacy. procedures. The other one is the Data Compilation, Expenditure Estimation, The initial step toward the establish- Manual Preparation and Testing for ment of the DPNet is the formulation the POPCOM-PIDS PPMP Accounts of a Child Labor and Development in Project which aims to generate the the Philippines project and the following reports: (a) data assessment conduct of a policy study on the child report; (b) first report on PPMP labor situation in the country, and its accounts estimates (Government and policy and planning implications PhilHealth); (c) second report on through a review of available literature PPMPA estimates (NGOs and House- and data. An additional component is holds); and (d) dissemination presen- the conduct of follow-up and advocacy tations. activities to promote utilization of research results. Since knowledge- The Rural Land Market Study docu- sharing is being promoted under this ments the extent, nature, reasons and activity, the development of partner- terms of pawning and selling of ships among institutions in the na- agricultural lands; characterizes the tional and international levels is pawners, pawnees, sellers and buyers; involved. The Institute is being tapped determines the opinions of farmers by the ILO/IPEC to serve as the lead with respect to the proposed land agency in the Philippine DPNet. Two deregulations; and explores possible studies were completed under this negative implications of land deregu- project: the Analysis of Child Labor in lation. Three contractors were hired to the Philippines; and Child Labor in the conduct the survey on land transfers, Philippines: Overview, Review, and leasing, and mortgage in agrarian Policy Recommendations. villages in the provinces of Nueva Ecija, Iloilo, Laguna and Quezon. On The study on Challenges and Opportu- the other hand, the Agrarian Reform nities of Regional Integration in Program study involves developing a Southeast Asia aims to develop and program for agrarian reform. discuss a full conceptual framework for the topic The Challenges and The success of the initiatives under- Opportunities of Regional Integration taken by the International Labour in Southeast Asia. The framework Organization’s International should take a human development Programme for the Elimination of perspective and establish a clear link Child Labour (ILO/IPEC) prompted to the ASEAN Vision 2020, Hanoi Plan efforts at establishing national Devel- of Action, and Initiative for opment Policy Networks (DPNet) in ASEAN Integration. The 7 Philippine Institute for Development Studies framework should basically reflect Monitoring System project involves relationships among key development the following activities: (a) regular outcomes to a set of explanatory updating of databases and PIDS variables affecting the level and publications; (b) revision of the inter- character of development. national database based on the Inter- national Financial Statistics; (c) contin- The paper Southeast Asia Human ued technical and substantive en- Development Report: An Overview hancement of the homepage; (d) highlights the following: (a) back- preparation of regular write-ups on ground and rationale of the report; (b) economic trends based on updated construction of an integrating frame- databases; and (e) development of work that provides coherence in the leading indicators. methodology and the linkages among the three main chapters; (c) main On the other hand, the Geographical concepts to be discussed in the report Information System has been institu- and the clear link to the ASEAN Vision tionalized in the Institute and is aimed 2020, Hanoi Plan of Action, and at providing a status of various social Initiative for ASEAN Integration; (d) a and economic indicators across the situational review highlighting major country using the geographical map- trends in the subregion as a whole and ping format. the disparities among countries or cluster of countries from the general The Economic Outlook for 2003, trend; and (e) key issues and chal- meanwhile, assesses the prevailing lenges affecting the present situation policy environment and the issues and prospects for the future based on confronting the economy in order to the contents of the three main chapters serve as basis for providing a scenario of the report. of what the Philippine economy could be facing in 2003. This essentially The second phase of the project Policy involves the determination of emerg- Evaluation Research on the Philip- ing issues that could surface the pine Population Management Pro- following year as critical concerns. gram includes the following compo- nent activities: (a) research dissemina- Lastly, the Chronic and Transient tion/utilization of the results of the Poverty project examines movements comprehensive review of population in and out of poverty among house- policies, programs, and researches holds. undertaken under Phase 1; (b) techni- cal assistance in the preparation of the Others strategic operational plan for PPMP for Two other projects/studies have been CY 2002-2004; (c) formal evaluation of likewise completed. The study titled the PPMP; and (d) conduct of policy The Role of PIDS and Its Contribution studies based on the research agenda to Research and Policymaking in the formulated in Phase 1. Philippines reviews the Institute’s significant contribution to policy- Policy Analysis and Planning Tools making from 1979 to 2001 and exam- and Monitoring Systems ines the role of the PIDS in Philippine 8 The Economic and Social policy research and policymaking. 2003 PIDS Annual Report

The Advisory Services for Proposal tage in the Hotel Industry: Emerging Development and Resource Mobiliza- Patterns of Employment and Chal- tion Strategy in Support of Human lenges for HRD; (b) Contested Space: Development Advocacy project has a Tourism, Power and Social Relations two-fold objective: (1) to develop a in Mactan and Panglao Islands; (c) project proposal that will contain (a) at Toward Sustainable Tourism Devel- least three themes for future Philippine opment in the Philippines and Other Human Development Reports, with a ASEAN Countries: An Examination conceptual elaboration of the outline of Programs and Practices of National of each theme; (b) proposed “by- Tourism Organizations; (d) Islamic products” of the PHDR (or even global Economy: Its Relevance to the Glo- HDR); and (c) a proposed policy balization of Economy in the Muslim dialogue agenda which can be linked Filipino Areas; and (e) Integrative to issues taken up by the PHDR and Report on Education and Globaliza- (2) to put forward a resource mobiliza- tion. tion strategy which will (a) identify potential partner institutions that can Refer to Annex A for a list of the contribute institutional and/or finan- completed projects/studies in 2003. cial resources in support of the pro- posed activities; and (b) recommend a Ongoing Projects/Studies strategy for partnership with the Policy Analysis and Planning Tools identified institutions. and Monitoring Systems The PASCN team meeets the The updating and maintenance of the people of Dumaguete in its Philippine APEC Study Center Quarterly Model is in the offing for regional conference to present Network (PASCN) this year. It aims to continue generat- the outputs of the project on Five research projects funded by the ing short-term forecasts as well as sustainable tourism develop- PASCN were completed, namely: (a) analyzing the impacts of policies and ment. Maintaining a Competitive Advan- shocks to the economy.

Social Sector Reform The Annual Updates on Poverty Profile is another periodic activity that is aimed at updating the Philippine poverty profile to incorporate new data as well as to focus on impacts on poverty of specific shocks or crises.

The study on Housing Finance Loan Repayment Behavior of Households: Analysis of the CMP will assess the loan repayment behavior of house- holds under the Community Mortgage Program (CMP) while the Housing and Urban Development (Program Development) activity will involve developing a research agenda for housing. 9 Philippine Institute for Development Studies

The Institute will serve as the Re- search Manager for the Southeast Asia Human Development Report (SEA HDR) which is tasked to coordi- nate with partner research institutions and to oversee the entire process of putting together the substantive content of the SEA HDR. The Institute is specifically tasked to draft Chapter 3: Regional Economic Integration and Human Development of the SEA HDR. This chapter has four key objectives: (a) review the basic literature on regional economic integration, high- study attempts to look at lighting the potential risks and ben- the issue of poverty from efits to human development; (b) assess the perspective of the progress that has been made in changes in factor prices, fostering economic integration in factor substitution and ASEAN; (c)identify specific areas shifts, factor movements across One particular PIDS paper where economic integration is lagging sectors, and factor incomes within the looks into three major issues and propose measures to accelerate present labor market (with its regula- in the labor market: (i) trends the process; and (d) identify segments tions and rigidities) in the Philippines in real wages, unemploy- of the global and regional integration as a result of trade reforms, in particu- ment, labor productivity and process that entail significant risks and lar, tariff reforms and reforms on factors behind such trends; specify measures, focusing mainly on quantitative restrictions. (ii) education and skills regional cooperation, that will mitigate acquisition of the labor force; these risks. In the Review/Monitor Implementa- and (iii) overall productivity tion Status, Impact Studies, Selected of the economy and the Competitiveness and Competition Provinces of GATT-WTO project, the contribution of labor quality Policy study on Antidumping compares the to productivity. Six studies were produced under this new antidumping law with the old theme. Under the Global Competi- one in relation to the WTO agreement. tiveness through Productivity The study titled Awareness-building, project, the Wages, Skills Acquisition Education and Information focuses on and Productivity paper was com- awareness-building, education and pleted. It looks into three major issues information. in the labor market: (i) trends in real wages, unemployment, labor produc- There is a need to establish baseline tivity and factors behind such trends; information and continuously monitor (ii) education and skills acquisition of the forms and growth of e-commerce the labor force; and (iii) overall in the country and other countries of productivity of the economy and the interest. Thus, the study titled E- contribution of labor quality to Commerce: Nature and Measurement productivity. Issues for the Philippines will include analyses of how this has affected The Impact of Trade Reforms conventional transactions. The analy- 10 on Poverty and Inequality ses will enable policy analysts to 2003 PIDS Annual Report appropriately value the growth of e- commercial banks are subject to the commerce and separate the hype from Gross Receipts Tax (GRT), Value- what actually is going on. Added Tax (VAT), Documentary Stamp Tax (DST) as well as the with- The purpose of the research on Indus- holding taxes imposed on foreign try Regulators and Regulatory Capac- banks, foreign currency deposit units ity (focusing on the Insurance Indus- (FCDUs) and offshore banking units try) is to assess the efficiency of (OBUs). The interest is not only to industry regulators in the financial measure the impact of these taxes but services sector particularly in dealing also to examine their incentive struc- with competition and prudential ture and their prospect as a source of regulation issues, beginning with the revenue for the government. The insurance industry. Pertinent questions significance of this research is best to ask in this regard include the appreciated as an attempt to quantify following: What is the form of this the relationships between and among institution, principal functions and taxes in a collective effort to come up statutory objectives? What discretion with a more efficient mix of bank-level does it have? How does it exercise that taxes. discretion? Does it significantly affect the behavior of the market partici- Modernizing Philippine Agriculture pants? In what way? Is it affected by Under this theme are eight projects/ active industry lobby groups when studies. The Strengthening Social setting policy? Science and Policy Researches for Philippine Agriculture and Fisheries Macroeconomic Management research project is in line with the in a Globalized Setting thrust of the Department of Agricul- Three papers are ongoing under this ture-Bureau of Agricultural Research theme. The Assessment of the Conduct (DA-BAR) to modernize the country’s of Fiscal Policies for the Last 25 Years agriculture and fisheries sector as (Perspective Paper) surveys the envisioned by the AFMA. There are development of fiscal policies in the four research activities that are ongo- Philippines for the last 25 years. The ing under the project, namely: (a) Globalization and State Capacity: Contractual Arrangements in Agricul- Philippines’ Country Study documents ture – Mindanao; (b) Contractual and analyzes Philippine experiences Arrangements in Agriculture – North- and practices related to state capacity ern and Central Luzon; (c) Contractual and globalization. The study covers Arrangements in Agriculture – Visayas three aspects of state capacity that and Southern Tagalog; and (d) Con- contribute to the promotion of trade tractual Arrangements in Agriculture – and investments: (1) administrative Philippines. capacity, (2) systems of transparency and accountability, and (3) legal and The DA is pursuing the principle of judicial frameworks. “one system, one program” wherein all the research, development and The last one is Appraising the Role and extension activities under the AFMA is Magnitude of Bank Taxation research planned, coordinated, which assesses the extent to which evaluated and integrated. 11 Philippine Institute for Development Studies

With this principle, networks are established for various commodities/ disciplines that serve as links to the various researchers, research institu- tions, and stakeholders, among others. One of the networks established is the Social Science and Policy Network (SSPN) that will be responsible in planning, directing and coordinating all activities and research in the social science discipline. This is the essence of the Operationalization of the Social Science and Policy Research, Development and Extension (RDE) Network.

Another study under the agriculture theme is titled Philippine Agriculture: performance of the Philippine agricul- The graphical presentation of Victim of Weak Governance (Perspec- tural extension system in order to a watershed prepared by the tive Paper). This paper aims to find provide the bases for the design of Department of Conservation out whether the country’s poor policy and institutional reforms needed and Natural Resources of agricultural performance has been due to strengthen research, development, Victoria, Australia has been largely to weaknesses in the policy and and extension system. Covered in this retitled “The good, the bad institutional frameworks governing project is the study titled Legal and and the ugly” by the the sector, and not so much to real Institutional Aspects of Agricultural Kahublagan sang Panimalay domestic and external market factors. Delivery Systems in the Philippines, Foundation, Inc. The good The Agriculture, Technology, Gover- which is an analysis of the devolution refers to a watershed or nance and Productivity program, and delivery of agricultural services. catchment working meanwhile, seeks to assess the various sustainably; the bad refers to elements of the policy framework of Natural Resources a watershed or catchment the Philippine agriculture bureaucracy, and the Environment with land degradation; and namely: science and innovation There are eight studies under this the ugly refers to a situation including basic technical services theme. The first one is the study on the where we do not know in (research and development); food National Marine Policy in the Philip- which of the two kinds of safety and food quality (regulations); pines. Various studies on the technical, watershed we live in. sustainable agriculture (environment); biological and economic aspects of reef and knowledge management (training, and mangrove destruction are already information, communications and available like the one currently being extension education). undertaken by the UNDP-IMO project on the technical and economic aspects In the second phase of the Comprehen- of marine pollution in Batangas Bay. sive Assessment of the Philippine However, the economic and policy Agricultural Extension System joint aspects of the instruments for control- research undertaking with the DA- ling reef and mangrove destruction as BAR, the research project aims to well as marine pollution require a describe and analyze the more indepth study. This study will 12 structure, conduct, and attempt to address these issues. The 2003 PIDS Annual Report

second study is the Review of Techni- framework and methodology for cal Education on Fisheries, which measuring the contingent liabilities involves the preparation of a literature that may arise from Philippine na- review on the technical education on tional public-private partnership (PPP) fisheries in the Philippines. projects. The research activity also attempts to set institutional arrange- The other six studies are under the ments and processes for undertaking PIDS-SANREM project on A Water- the measurement of contingent liabili- shed-based Approach to Water ties and including these in the national Resources Management. Four are case budget. studies on the use of the watershed- based approach to water management Philippine APEC Study Center Net- in the Balian, Pangil subwatershed in work (PASCN) Laguna; the Magat watershed in There are six research projects being Nueva Vizcaya; the Maasin watershed financed by the network, which con- in Iloilo; and the Manupali watershed sist of a total of 27 studies. These are as in Bukidnon. The framework of follows: one study under the Food analysis for the case studies is also Security Agricultural Efficiency and being prepared. Also to be included in APEC project; two studies under the the project will be the preparation of Islamic Impact of Globalization the synthesis after all the case studies project; one study under the Toward a shall have been completed. These Philippine Competition Policy project; studies are expected to be completed one study under the China’s Accession in mid-2004. to WTO project; 18 studies under the Japan-Philippines Economic Partner- Infrastructure Development ship Agreement project; and four more Under this theme is the lone project studies under the Globalization, titled Establishing a Framework and Governance and APEC project. Methodology for Accounting and Measuring Contingent Liabilities. Refer to Annex B for a list of the The research aims to set a policy ongoing projects/studies in 2003. ▲

Research Dissemination institutions and entities doing policy and Utilization research. It was thus a cause for celebration when President Gloria Macapagal-Arroyo declared, through Malacañang Proclamation No. 247 in he role of policy research in 2002, the observance of Development influencing policies and in Policy Research Month (DPRM) every Tproviding useful inputs in the month of September thereafter. decisionmaking process in the country has increasingly been recognized and For the Philippine Institute for Devel- appreciated through the years as seen opment Studies (PIDS), whose in the growing number of research founding anniversary falls 13 Philippine Institute for Development Studies on the third week of September, the Office; Philippine Information Agency; Malacañang proclamation is a fitting and the University of the Philippines way to celebrate its more than two National College of Public Administra- decades of service to the nation as a tion and Governance (UP NCPAG). policy research institution. And its being designated by the same procla- Considering the declaration was only mation as the overall coordinator for made last year, the full support and the annual observance of the occasion enthusiasm extended by a number of is considered by the Institute as a institutions—both public and pri- distinct honor and indeed a recogni- vate—was truly heartwarming and tion of its critical role in the country’s encouraging. policymaking process. As the designated coordinator, the Malacanang Proclamation No. 247 PIDS conducted activities with the noted that the observance of the participation of 43 partner institutions DPRM will provide the means for around the Philippines. For its part, promoting, enhancing, instilling and PIDS cosponsored a series of fora on drawing nationwide awareness and the Japan-Philippines economic appreciation of the importance and partnership agreement, another forum necessity of policy research as a tool on the Philippine-Latin American for national socioeconomic develop- trade relations and two separate fora ment. This will also ensure the support on the proposed new revenue author- of the public for all activities aimed at ity held for the Senate technical staff Dr. Mario B. Lamberte advancing the quality and standard of and committees and an analysis of the prepares to answer questions policy research in the country. president’s budget for 2004 for a thrown in by radio news- House of Representatives audience caster Ivy Aviño during a In September 2003, the entire research composed of congressmen, their staff radio guesting on the show community in the country, led by the and technical committees. Partner Galing Pinoy on DZAR officers and staff of the PIDS, cel- institutions also conducted exhibits, Angel Radio in September ebrated the first nationwide obser- sectoral consultations, panel discus- 2003. vance of the DPRM.

This year’s steering committee is composed of PIDS as chair, the Na- tional Economic and Development Authority (NEDA) as vice chair and the following as members: Bangko Sentral ng Pilipinas (BSP); Congres- sional Planning and Budget Office (CPBO); Office of Policy Research of the Department of Trade and Industry (DTI); Institute for Labor Studies (ILS); National Statistical Coordination Board; Statistical Research and Train- ing Center; Senate’s Policy Studies Group; Foreign Service 14 Institute; National Statistics 2003 PIDS Annual Report

The DPRM Celebration

How is the DPRM observed and celebrated? The main elements in the celebration of the DPRM are the studies and research that institutions across the country have undertaken. For 30 days, policymakers may feast on the results of various policy research being presented and see how these can help spice up their policy- and decisionmaking. At the same time, researchers, including students, have a wider selection of research to follow through; and ordinary people have a better appreciation of the process of research, some findings of certain research, and how they apply to or impact on their everyday lives.

Eventually, it is hoped that the regular observance of DPRM will help inculcate, in the consciousness of not only the policymakers but also of the general public, the need for analyses and solid empirical bases in crafting sound policies and in making careful decisions. And hopefully, too, the occasion can help augur the expansion of avenues and mechanisms like networking that will make data, informed knowledge and analyses of issues available and accessible to everyone, especially to policymakers.

sions and seminars on various topics Public Affairs as their contributions to the maiden Aside from coordinating the conduct celebration of the DPRM. of activities related to the DPRM celebration, the Institute also orga- Apart from the above activities con- nized a number of fora, seminars, ducted by the PIDS and other institu- consultation and conferences. tions, a number of promotional guestings by PIDS officers in radio, Seminar/Forum Series television, and print media as well as In 2003, a total of 60 public affairs in schools were held to promote and activities were arranged and spon- introduce the DPRM and its related sored by the Institute. This number activities. Radio guestings were made included 23 network/project-related at DZRM (Radyo Manila), DWAN’s fora, 5 Pulong Saliksikan, 11 regional Sumbong, Tugon at Aksyon, DZAR’s consultation meetings, 3 policy Galing Pinoy, DZEC’s Kontodos Rekados roundtable discussions, 2 Legislators and was simulcast over Channel 25, Forum Series, 4 Senate Staff Consulta- and DZMM’s Todo-todo Walang Preno. tion and Economic Forum Series, and A television guesting was also made in 12 general assembly meetings for the ABS-CBN’s ANC Live. Institute.

A DPRM website was likewise pre- At the start of the year, the Institute pared and hosted by the PIDS. This organized an international conference website integrated all activities related for the Poverty and Economic Policy to the DPRM. An online calendar of (PEP) Research Network at the Asian activities also featured the various Institute of Management Conference endeavors that participating institu- Center. The Conference was co- tions have committed as part of the sponsored by the University celebration. of Laval, CIRPEE and the 15 Philippine Institute for Development Studies

International Development Research Centre (IDRC). Participants came from 19 countries including the Philippines. Dr. Caesar Cororaton, a Research Fellow from the PIDS, presented the country paper on the Philippines.

The Institute also collaborated with the International Labor Organization (ILO) in the conduct of a technical workshop and a national seminar on a national policy study on child labor. In both activities, Dr. Fernando Aldaba and Dr. Leonardo Lanzona presented their collaborative work on child labor in the Philippines. prospects of the Philippine-Latin The final activity of the The most disseminated research in American trade relations. The activity project on Policy Evaluation 2003 was the PIDS-Population Com- was part of the series of seminars held Research on the Philippine mission (PopCom) project on Policy during the 26th PIDS anniversary and Population Management Evaluation Research on the Philippine maiden celebration of the DPRM. Program (PPMP) supervised Population Management Program by PIDS Senior Research (PPMP) supervised by PIDS Senior Another series of fora held in connec- Fellow Dr. Aniceto Orbeta Jr. Research Fellow Dr. Aniceto Orbeta Jr. tion with the DPRM was the RP-Japan was held at the Batasan A total of six consultation fora were Forum Series, which is part of the Pambansa Complex before an organized in various cities and prov- Japan-Philippines Economic Partner- audience of legislators and inces, from the Cordillera Administra- ship Agreement (JPEPA) Research their technical staffs as the tive Region (CAR) down to Region X Project being coordinated by the PIDS. second offering of the in Cagayan de Oro City. The final Economic experts from the govern- Institute’s and the Congres- activity was held at the Batasan ment, academe and private sector sional Planning and Budget Pambansa Complex before an audi- convened in a series of forum held in Office’s joint Legislators ence of legislators and their technical August and September 2003, and Forum Series. Prior to this, staffs as the second offering of the organized by the Philippine Institute Dr. Alejandro Herrin (in Institute’s and CPBO’s joint Legisla- for Development Studies (PIDS), the photo, standing) presented tors Forum Series. Philippine APEC Study Center Net- the findings before the work (PASCN) and the Department of provincial planning and Meanwhile, as a member of the Trade and Industry (DTI) in coopera- development staff of Palawan. Philippine Academic Consortium for tion with the Japan International Latin American Studies (PACLAS), a Cooperation Agency (JICA) and the network of academic and research Ministry of Economic Trade and institutions and facilities fostering Industry of Japan. mutual cooperation in a wide spec- trum of endeavors involving Latin Presented during the various discus- American studies, the Institute co- sions were studies on the whole sponsored a forum where Mr. economy, on specific industries/ Alexander Michael Palma sectors, and special issues relating to 16 presented an assessment and Japan-Philippines relations. The 2003 PIDS Annual Report

studies look at the economic, social National Economic and Development and process impacts of the partnership Authority (NEDA) Director-General agreement in various study areas. Dr. Felipe Medalla and former Finance Secretary Mr. Jose Isidro Camacho. The Institute was also active in pro- moting the use of the geographic Finally, as part of the Legislators information systems (GIS) in validat- Forum Series, Dr. Rosario Manasan ing the socioeconomic indicators of presented her study on the analysis of various cities and provinces through the President’s Budget for 2004 at the the DIRP led by PIDS Senior Research Batasan Pambansa Complex. This was Fellow Dr. Celia Reyes. After a number followed by Dr. Orbeta’s study on the of consultation meetings held in institutionalization of a population various city and provincial areas, the management program in the country. final outing was a presentation of the In the Senate version of the Forum, Dr. GIS-based socioeconomic profile of the Manasan presented her study on tax country focusing on Region V and held administration reform via a proposed in Legaspi City, Bicol. Presenters semi-autonomous revenue authority. included Dr. Reyes, Dr. Marife The Institute and the Department of Ballesteros and Dr. Aniceto Orbeta Jr. Health (DOH) staff likewise held various consultation meetings with Two activities in coordination with the senators who have shown active Philippine Economic Society (PES) interest in sponsoring bills related to were also held during the year. The certain aspects of the DOH’s proposed first one, with the Philippine-American Health Sector Reform Legislative Educational Foundation as cosponsor, Agenda. Among the offices consulted was on global economic outlook and with were those of Senators Teresita The Institute was also active the United States international eco- Oreta, Aquilino Pimentel and Edgardo in promoting the use of the nomic policy as presented by Dr. Angara. The Institute has been asked geographic information Marcus Noland. by the DOH to help in its legislative systems (GIS) in validating advocacy program to push for these the socioeconomic indicators The second was cosponsored by the reforms in the health sector. of various cities and Philippine office of the Friedrich Ebert provinces through the DIRP Stiftung which evaluated the economic For a complete listing of the above led by PIDS Senior Research direction being taken by the Philip- public affairs activities, refer to Annex C. Fellow Dr. Celia Reyes. pines. Presenters included the former Media Exposure From January to December 2003, a total of 158 media exposures related to the activities and studies conducted by the Institute as monitored by the Public Affairs Division were recorded. Of this number, 12 were monitored from the broadcasting media. Most of the appearances were connected with the promotion and celebration of the DPRM. Another eight exposures were monitored 17 Philippine Institute for Development Studies from the web (Yahoo News on Busi- ness) as well as print media outside of the Philippines such as the Washington Times.

Refer to Annex D for a full listing of the media exposure.

Publications One book that came out in 2003, titled Education and Globalization, was edited by Dr. Tereso Tullao and produced by the Philippine APEC Study Center Network (PASCN), of which the PIDS is the Lead Convenor and Secretariat. The volume is a collection of four studies and tackles the impact of globalization on the key dimensions of the country’s higher education system. It traces the forces that have contrib- uted to and impeded globalization of released in 2003. The education and more importantly, it newsletter highlights identifies various threats and opportu- findings and recommen- nities brought about by the globaliza- dations culled from PIDS- tion of higher education, particularly sponsored research/fora and features to a developing country like the special articles on key national and Philippines. current issues as well as news on PIDS activities participated in by the staff There is a total of 14 titles to watch for that provide an inside look at the in the coming year. Eleven of these are people within the Institute. The main under the Perspective Paper Series objective of the newsletter is to high- dealing with various issues such as light policy-oriented issues presented environment, manufacturing industry, in a nontechnical manner. The issues banking and finance, technology, released in 2003 contained articles on education and labor, housing and the domestic shipping industry, the poverty. The other three are the Special government’s tax effort, economic Issues in Agriculture, the 2003 issue of forecast for the Philippines for 2003, the Analysis of the President’s Budget tuition and education, competing uses Series and the Winning the Water War of water, and a proposed water policy book under the PIDS-Sustainable agenda for the Philippines. Agriculture and Natural Resource Management Collaborative Research The first semestral issue of the Philip- Support Program (SANREM) project. pine Journal of Development, which was released in the middle of the year, Meanwhile, six issues of the Develop- contained articles on watershed ment Research News, a bi- management and environmental and 18 monthly newsletter, were natural resource management in the 2003 PIDS Annual Report

Philippines. The studies are part of the Finally, the 2002 Annual Report came PIDS-SANREM project on water off-the-press in November. The materi- resources management. als in the annual report highlighted the last 25 years of existence of the Insti- Nine titles of the Research Paper Series, tute and traced the start of policy including one reprint, came out in research in the Philippines. 2003. Titles included trade reforms, income distribution and welfare in the PIDS CD Collection Philippines; technological innovations The five-volume PIDS CD Collection in Japan and S&T experiences in the contains all PIDS publications pro- Philippines; governance in Southeast duced from 1977 to June 2002 in Asia; gender and technology; working portable document format (PDF). The women in the Calabarzon; exchange studies are grouped according to the rate policy in Philippine development; type of publication where a given the Philippine payment system study appeared and each CD contains (reprint); college fee structure and a combination of these types of publi- inflation; and the Philippine innova- cations. tion system. For example, books, research papers A total of 17 titles of the Policy Notes on and Policy Notes are contained in disk 1 various topics ranging from benefits of while the journal and the newsletter, foreign bank liberalization to issues among others, are found in disk 2. For confronting the Philippine credit ease of viewing, the database is cooperatives were released. The Policy equipped with a search facility where- Notes are observations/analyses by readers can search studies by title, written by PIDS researchers on certain author, research area, publication type, policy issues. The treatise is holistic in study type and keyword. All files are approach and aims to provide useful in portable document format thereby inputs for decisionmaking. The Notes retaining the publications’ original are circulated to the highest levels of printed format. So far, the CD collec- decisionmakers in the country. tion has been patronized by a number of government and academic Meanwhile, 21 titles under the Discus- nstitutions since it came out last sion Paper Series were reproduced and August 2003. disseminated to a select list of readers for their comments and review. The Project Brochures Discussion Papers are preliminary, In time with the celebration of the 26th unedited and unreviewed papers PIDS anniversary, brochures for the circulated on a limited basis for the GIS, SERP-P, ERBL and IDS projects purpose of eliciting critical were reprinted. comments and suggestions for refinement of the studies. They Refer to Annex E for a complete list of may eventually graduate into publications. any of the Institute’s regular publication series. Nine of these Distribution, Promotion titles were from studies coordinated and Circulation by the PASCN. The Institute continued to 19 Philippine Institute for Development Studies send out new publications to its Table 1. Number of studies contributed by SERP-P member-institutions recipients in its regular mailing list. As of the end of 2003, complimentary Agricultural Credit Policy Council 31 recipients of DRN and EID—the most Angelo King Institute for Economic and Business - DLSU 3 widely circulated PIDS publications— Asian Development Bank 101 numbered around 1,200 on the Ateneo Center for Social Policy and Public Affairs 309 average (excluding foreign libraries/ Collection of Studies from Other Institutions 115 information centers with exchange DLSU-Social Development Research Center 78 agreement). Meanwhile, sales and DLSU-University Research Coordination Office 11 subscriptions continued to rise by Institute of Strategic Planning and Policy Studies 72 December 2003. National Tax Research Center 54 Philippine APEC Study Center Network 87 Consignment Philippine Institute for Development Studies 1015 The Institute continued its consign- PIDS-Population Commission Population Management Program 8 ment arrangement with the National Trade and Investment Policy Analysis and Advocacy Support Project 66 Economic and Development Authority UP-Center for Integrated Development Studies 164 (NEDA) Bookstore, Solidaridad Book UP-National Center for Transportation Studies 34 Store, Heritage Arts Center through its UP-National College of Public Administration and Governance 36 Old Manila store, and 20 branches of UP-School of Economics 20 National Bookstore (NBS)/Powerbooks. UP-School of Urban and Regional Planning 170 The Institute sent various publications UST-Social Research Center 25 to six regional bookfairs (Legazpi, World Bank 69 Dumaguete, General Santos, Davao, XU-Research Institute for Mindanao Culture 67 Nueva Vizcaya and La Union) orga- nized by LIBRO, a project of the Book Site Statistics Development Association of the Total Publications 2598 Philippines (BDAP), for exposure to a With Abstract 2510 potential regional audience. Last Research Studies 2537 September, the Institute consigned Authors 1495 nine titles to Rarebook Enterprises Keywords 991 which participated in the International Institutions 21 Book Fair, formerly the Philippine Book Fair, held at the SM Megamall, Mandaluyong City. Sales from con- signment reached almost P228,000 by Studies collected from the visit to end of November 2003. Ateneo Center for Social Policy and Public Affairs on June 03, 2003 were SocioEconomic Research Portal for also uploaded in the portal. Likewise, the Philippines (SERP-P) the Silliman University had recently As of the end of December 2003, the sent word that they are ready to send portal contains 2,598 publications, all their research details. of which have keywords. Of the figure, 2,510 have abstracts. The contribution Meanwhile, the e-group facility of the of the Angelo King Institute for SERP-P is currently being finalized so Economic and Business Studies–DLSU that it can be made available to all has been added to the roster member institutions, thereby allowing 20 of SERP-P institutions. them to access email messages ad- 2003 PIDS Annual Report dressed to [email protected] tions, IMF International Financial Statis- or to the SERP-P Admin Group, which tics CD, World Development Indicators performs similarly to the Yahoo 2003 Book and CD, ADB Key Indicators Groups System. Any email message 2002 (Population and Human Resource addressed to [email protected]. Trends and Challenges), PCIJ’s I Journal gov.ph will be automatically forwarded and the BSP Factbook 2001 (Vol. 2), to all network member representatives among others. and all replies to the messages from [email protected] will also In addition, the following books were be automatically forwarded to all acquired in 2003: Human Development network member representatives. At Report 2003; How to Publish your the same time, the SERP-P IT person- Communication Research by Alexander; nel is now visiting the various member A Theory of Incentives in Procurement institutions to install a new template and Regulation by Jean-Jacques Laffont that would allow the members to and Jean Tirole; Economics of Regulation directly upload their research works. and Antitrust by W. Kip Viscusi and John M. Vernon; Privatization, Restruc- Finally, CHED research directors and turing, and Regulation of Network MIS heads of various NCR schools met Utilities (Walrus Pareto Lectures) by in Makati on October 14, 2003 for a David M. Newbery; Global Electronic briefing on the SERP-P project. Ms. Commerce by Catherin L. Mann; Jennifer Liguton, as overall supervisor Market-based Governance: Upside and of the project, explained the Institute’s Downside by John D. Donahue and new strategy of building the infra- Joseph S. Nye; Governance in a Globaliz- structure for research and networking ing World by Joseph S. Nye; Biotechnol- which includes the SERP-P. She then ogy in the Development World; Intellec- briefed them on the SERP-P’s ratio- tual Property Rights in Agricultural nale, objectives, description and Biotechnology; Managing Agricultural features while Mr. Ronald Yacat, the Biotechnology; Agricultural and Food SERP-P’s IT personnel, discussed the Policy; and The Exploitation of Plant technical aspects for the setting up of Generic Information. the SERP-P, including the hardware and software requirements, costing The Library also added to its collection and time implications. 20 more CDs, either acquired or complimentary copies, from various Library organizations, including the PIDS’ To provide data and reference materials own five-volume CD collection. to its inhouse research staff, the Insti- Among these are: Econlit – March and tute continues to subscribe to various June 2003 (Updates); IMF Financial newspapers, magazines, journals, CDs Statistics (January to October 2003); and books. These publications include Lex Libris Laws Bulletin 2003 (Up- the Business World, Daily Inquirer, Daily dates); BSP 10th Annual Report 2002; Tribune, Manila Bulletin, Malaya, Manila Annual Survey of Establishments; Standard, Manila Times, Philippine Star, Foreign Trade Statistics 2000 (PDF); Today, Economist, Far Eastern Economic Family Income Expenditure Survey Review, Newsweek, Fortune, Time, 7000 2000 (PDF); Integrated Top Corporations, Next 5000 Top Corpora- Survey of Households (ISH 21 Philippine Institute for Development Studies

Series) Nos. 108, 110, 111 and 112; ADB The Library also facilitated 35 interli- Annual Report 2002; ADB Asian brary loan forms for different libraries Development Outlook 2003; DENR – (ADB, UPSE, BSP, NSCB, NEDA, etc.) The Electronic edition of Environment for the Institute’s inhouse research staff. and Natural Resources Policy Issu- ances (1996-2001); Philippine Yearbook As for the Online Public Access 2001 (CD-ROM); PIDS-COFI (Commu- Catalogue (OPAC), 7529 titles have nity Oriented Financial Intermediar- been inputted as of end of the year. ies–Microfinance: A Market Approach, The OPAC is a window-based and Final Technical Reports (June 2003); user-friendly electronic catalog system and Philippine Agriculture and Forest designed to assist PIDS library users in Biotechnology Agenda II. their search and retrieval of biblio- graphic records even without the On top of these acquisitions, the assistance of the library staff. The Institute received publications from 21 inputting and editing of OPAC entries local and 19 foreign institutions in as well as the barcoding of library exchange for some PIDS publications. materials are ongoing. ▲

Management Information

fter a challenging year in 2002 wherein the Management AInformation System (MIS) contact directories of all PIDS employ- staff facilitated various tasks related to ees, conduct opinion polls among Presentations of the PIDS the silver anniversary, the Institute PIDS employees, post announcements research staff such as Dr. continued to implement new applica- and share web links. Erlinda Medalla are assisted tion systems in 2003. Among these by the MIS personnel who set systems are the Intranet System and On the other hand, the Computerized up the equipments and other the Computerized Attendance Track- Attendance Tracking System (CATS) is necessary computing needs. ing System.

The PIDS Intranet is the employee’s portal site that gives them access to information internal to the Institute as well the ability to organize informa- tion, manage documents, share calen- dars and enable efficient collaboration in a familiar, browser-based environ- ment.

The PIDS Intranet addresses the needs of employees to share documents, conduct online discussions, relay suggestions to other employ- 22 ees, maintain standard 2003 PIDS Annual Report

a network-based application system reliable network operating system. allowing employees to log in their arrival and departure in their own Over and above these improvements, workstations while facilitating an easy the Institute’s MIS continues to under- monitoring and management of the take its regular functions such as the employees’ daily time record. development of websites for PIDS projects, the maintenance and im- Two servers, the Web server and the provement of the PIDS Network and Webmail server, were also upgraded Internet Systems; the maintenance of during the year from Pentium II 266 to information technology (IT) equip- Pentium Xeon. The upgrade enabled ment, software procurement and the servers to process transactions at a installation; updating of the PIDS faster and better level. The upgrade webpage; and provision of general IT also included the installation of a more support services to the PIDS staff. ▲

Investment and Financial Withdrawals from the Institute’s Operations investible funds’ accumulated earn- ings made during the year, on the other hand, amounted to P24.206 million. Said amount was utilized to sustain the operational requirements tatus of the PIDS Endowment of the Institute in view of the delay in Fund and Investment Opera- the releases of its subsidy for opera- S tions tions from the Bureau of the Treasury. As of December 31, 2003, the principal of the Endowment Fund of the Overall Financial Operations Institute amounted to P225.140 The Institute’s total assets as of Decem- million. ber 31, 2003 ran up in the amount of P361.248 million. The portfolio mix of the Institute’s investible funds amounting to The Institute’s gross income during P278.045 million as of December 31, the year 2003 amounted to P46.688 2003 consisted mainly of short-term million while total expenses for the investment in government securities said year amounted to P46.114 million. (P33.96%) and long-term bonds and Thus, the Institute was able to realize a stocks/shares (66.04%). net income of P0.574 million.

At the end of the year, the net income For the year 2003, the Institute actually after tax generated by the Institute from posted a net income of about P2.062 its investment operations amounted to million before recognizing bad debt P25.195 million. This earning of the expenses or about 37 percent lower investible funds surpasses the than the CY 2002 income of P3.273 Institute’s targetted level of earnings of million. The low level of P16.972 million for the said year. income may be attributed 23 Philippine Institute for Development Studies primarily to the lower yield of interest The slim chance of collecting some of rates for investments that was availed its overdue accounts can be considered of by the Institute in government a negative aspect of the Institute’s fin- securities in CY 2003 compared to CY ancial performance during the year. 2002. Despite adjustments in the Management has to comply with the Receivable Accounts, the Institute was audit recommendation of setting up of still able to realize a positive net an allowance for doubtful accounts in income of P0.574 million for CY 2003. order to bring the said receivables into its net realizable value. In effect, said Conclusion adjustment in the financial statements There were positive and negative resulted in a reduced net income for aspects to the Institute’s financial the year. On the overall, the Institute’s performance during the year. On the financial performance for CY 2003 can positive side, the investible fund was be con-sidered satisfactory. Despite the able to surpass its targetted earnings low interest rates for its investible funds for the year. Management was able to and the setting up of allowance for bad synchronize its level of expenditures debts, it was still able to realize a with its income stream. This can be positive net income of P0.574 million. clearly shown by the fact that actual cash outflows during the year were Refer to Annexes F to J for the audited well within the budgeted levels. financial statements. ▲

PIDS Provident Fund he PIDS Provident Fund, Inc. is a nonstock corporation regis- Ttered with the Securities and Exchange Commission (SEC) under Trustees, in addition to other forms of SEC Registration No. A199919546 benefits due to the employee-member. dated January 25, 2000. Its member- As of December 31, 2003, the Fund has ship is exclusive to and automatic for a membership of 85 PIDS member- regular officials and employees of the employees. PIDS who are holding plantilla posi- tions. Activities/Accomplishments The annual members’ meeting was It was organized to establish and held on April 15, 2003. Out of the 81 maintain a fund, the sources of which active members of the Fund, 47 (about shall be derived from contributions of 58%) of the total membership were the members and counterpart contri- present during the meeting. The Fund bution of PIDS. All earnings and/or has an intranet website facility where interest from its financial/investment members can access their individual operations are distributed to the account and check on the running members as benefits in case of retire- balance of their monthly contribution ment, resignation, separation, or other to the Fund. All activities, basic Fund cases as may be allowed and information, and other reports are 24 determined by its Board of posted online at the said website. 2003 PIDS Annual Report

The Provident Fund was The Fund’s audited financial state- Finally, the total networth amounted organized to establish and ments for CY 2002 and the duly- to P9.269 million, a P1.87 million maintain a fund, the sources accomplished/notarized general increase (about 25.22%) over last of which shall be derived from information sheet (GIS) were also year’s figure of P7.402 million. Of the contributions of the members submitted to the Securities and Ex- P9.269 million, P6.129 million (66.12%) and counterpart contribution change Commission (SEC). The represents fund contributions, P2.000 of PIDS. All earnings and/or registration of the books of accounts million (21.58%) represents the seed interest from its financial/ and other yearly registration require- money from PIDS, and the remaining investment operations are ments with the Bureau of Internal P1.140 million (12.30%) represents the distributed to the members as Revenue (BIR) have likewise been accumulated Fund’s earnings. benefits...in addition to other complied with. forms of benefits due to them. Payment of Benefits Financial Performance During the year, the Fund paid For CY 2003 , the Fund realized a net benefits to two resigned/retired income of P0.809 million from its employees, the computation of which financial operations, which is about was based on the provisions of the By- 22.21 percent higher than last year’s Laws of the PIDS Provident Fund, Inc. P0.662 million earnings. These develop- ments can be attributed to the follow- Future Thrusts ing: a) tax exemption of earnings from Fund management will continue to investment placements amounting to focus its effort on investing in short- P1.000 million and above; and b) the term government securities and at the lock-in strategy adopted by manage- same time monitor developments in ment on its investments. the financial market. This will provide enough opportunity for the Fund to Consequently, the total asset of the take advantage of any favorable Fund stood at P10.572 million, repre- changes in the investment climate and senting a growth of about 29.32 at the same time ensure the viability of percent over last year’s P8.175 million. its placements. This includes cash in bank, accrued/ other receivable, and investment in Refer to Annexes Q to U for the treasury bills/treasury bonds. financial statements. ▲ 25 Philippine Institute for Development Studies

n top of hectic work assign- PIDS Employees ments in 2003, officers and Association Omembers of the PIDS Employ- ees Association (PIDSEA) managed to continue the tasks set in the previous years. While still working on the Meanwhile, 14 officers and members approval of the first collective negotia- participated in various seminars and tion agreement (CNA) between the fairs organized by government agen- PIDS management and the associa- cies and organizations of public sector tion, the officers have already made unions on basic values and lifestyle possible the implementation of a total monitoring seminars for government of nine items in the draft agreement. employees, housing fair, and basic These include committee representa- knowledge and skills in organizing tion, permission to hold meetings joint consultations and collective (regular, emergency and general negotiations. As a result of the atten- assembly), attendance to seminars, use dance to the housing fair, a real estate of facilities, installation of bulletin company provided PIDS employees boards at the third and fourth floors, with a pre-launching orientation on access to records and documents, their housing packages in the Laguna creation of economic projects, inclu- and Rizal provinces. sion of PIDSEA approval in the clearance form and the relaunch of the The first issue of the PIDSEA newslet- shuttle service. ter aptly titled Update was released in February to keep the members up- dated on activities and matters related Before the end of 2003, a copy of the to the association and that are of draft agreement was sent to the Public extreme importance to their welfare. Relations Office (PRO) of the Civil Service Commission (CSC) for review Lastly, the election of a considering that it has been almost new set of officers was two years since the agreement was postponed until the drafted. It is the Executive Com- collective negotiation mittee’s hope that the CSC review will agreement has been facilitate the approval of the first approved and signed by collective negotiation agreement. both the PIDS manage- ent and the PIDSEA To advance the cause of PIDS employ- officers. ▲ ees, an ad hoc committee was created in the first quarter of the year to look into the possibility of the granting of cost of living allowances (COLA) to affected employees. Exploration and inquiries lasted for more than three months before the matter was deferred due to the nonavailability of 26 relevant decisions. 2003 PIDS Annual Report

Annexes Competitiveness and Competition Policy 14. Assessment of the National Competition Policies (Perspective Paper) 15. S&T in the Philippines for the Last 25 years Annex A (Perspective Paper) Completed Studies 16. Strengthening Bilateral Trade and Investment Relationships Between Latin America and the Modernizing Philippine Agriculture Philippines: Beyond Economic Diplomacy Strengthening Social Science and Policy Researches for Philippine Agriculture and Fisheries Global Competitiveness 1. Management and Implementation of the Social through Improved Productivity Science and Policy Research Network for 17. The Relationship Between Productivity and Agriculture Market Shares of Major Agricultural Exports 2. Conduct of Training Program on Survey Sam- 18. Competitive Strategy Report pling for Social Science Research 3. Agriculture Price Transmission Studies on the Impact of Trade Reforms 4. Development of a Customized Programs & and Globalization Generation of Data Tables Using the BBS 19. Catalogue, Organized Data Bank for Trade and 5. Establishing Safety and Occupational health Policy Industry Analyses Standards in the Cutflower Industries 20. Backsliding Tariff Policy 6. An Analysis of the Nutritional Status of Rural Households in the Philippines. Macroeconomic Management in a Globalized Setting 21. Assessment of Banking Policy for the Last 25 A Comprehensive Assessment of the Philippine Agricul- Years (Perspective Paper) tural Extension System (Phase 1) 22. Assessment of the President’s Budget for 2003 7. Structure, Conduct, and Performance of DA 23. Microfinance: A Market Approach Extension Unit 24. The Role of Other Economically Active House- hold Members in Poverty Alleviation Natural Resources and the Environment 25. State of Competition Policy in the Insurance Assessment of the Fisheries Resource Management Industry: Selected Asian Countries Approaches in the Philippines 26. Analysis of the President’s Budget for 2004 8. Main Report 27. Tax Administration Reform: (Semi)Autonomous 9. Conduct of the Project Assessment of Fisheries Authority Anyone? Resource Management Approaches in the Philippines Infrastructure Development 10. Assessment of Fisheries Resource Management 28. Infrastructure Policies and Privatization Experi- Approaches in the Philippines ence in the Philippines in the Past 25 Years (Perspective Paper) A Watershed-based Approach to Water Resources 29. Study on Rural and Regional Infrastructure Management Expenditures 11. Water Allocation Mechanisms and Environmen- tal Service Payments Social Sector Reform 12. Iloilo Watershed Management Council: A Local Estimation and Institutionalization of the PPMP Initiative in Watershed Management Expenditures 13. Legislative/Policy Implications for Water 30. Estimation and Institutionalization of Resource Management the PPMP Accounts 27 Philippine Institute for Development Studies

31. Data Compilation, Expenditure Estimation, Others Manual Preparation and Testing for the 43. The Role of PIDS and Its Contribution to POPCOM-PIDS PPMP Accounts Project Research and Policymaking in the Philippines 32. Rural Land Market Study 44. Advisory Services for Proposal Development 33. Agrarian Reform Program and Resource Mobilization Strategy in Support of Human Development Advocacy Child Labor and Development in the Philippines 34. Analysis of Child Labor in the Philippines Philippine APEC Study Center Network (PASCN) 35. Child Labor in the Philippines: Overview, 45. Maintaining a Competitive Advantage in the Review, and Policy Recommendations. Hotel Industry: Emerging Patterns of Employ- 36. Challenges and Opportunities of Regional ment and Challenges for HRD Integration in Southeast Asia 46. Contested Space: Tourism, Power and Social 37. Southeast Asia Human Development Report: Relations in Mactan and Panglao Islands An Overview 47. Toward Sustainable Tourism Development in 38. Policy Evaluation Research on the Philippine the Philippines and Other ASEAN Countries: Population Management Program An Examination of Programs and Practices of National Tourism Organizations Policy Analysis and Planning Tools 48. Islamic Economy: Its Relevance to the Global- and Monitoring Systems ization of Economy in the Muslim Filipino 39. Economic and Social Monitoring System Areas 40. Geographical Information System 49. Integrative Report on Education and Globaliza- 41. Economic Outlook for 2003 tion 42. Chronic and Transient Poverty

Annex B 8. Impact of Trade Reforms on Poverty and In- Ongoing Projects and Studies equality

Policy Analysis and Planning Tools Review/Monitor Implementation Status, Impact Studies, and Monitoring Systems Selected Provinces of GATT-WTO 1. Quarterly Model 9. Antidumping 10. Awareness-building, Education and Information Social Sector Reform 11. E-Commerce: Nature and Measurement Issues 2. Annual Updates on Poverty Profile for the Philippines 3. Housing Finance Loan Repayment Behavior of 12. Industry Regulators and Regulatory Capacity Households: Analysis of CMP 4. Housing and Urban (Program Development) Macroeconomic Management 5. Chapter 3: Regional Economic Integration and in a Globalized Setting Human Development of the SEA HDR 13. Assessment of the Conduct of Fiscal Policies for 6. Research Manager for the Southeast Asia the Last 25 Years Human Development Report 14. Globalization and State Capacity: Philippines’ Country Study Competitiveness and Competition Policy 15. Appraising the Role and Magnitude of Bank Global Competitiveness through Productivity Taxation 7. Wages, Skills Acquisition 28 and Productivity 2003 PIDS Annual Report

Modernizing Philippine Agriculture Philippine APEC Study Center Network (PASCN) Strengthening Social Science and Policy Researches Food Security Agricultural Efficiency and APEC for Philippine Agriculture and Fisheries 33. Food Security, Agricutural Efficiency and 16. Contractual Arrangements in Agriculture – Regional Integration Mindanao 17. Contractual Arrangements in Agriculture – Islamic Impact of Globalization Northern and Central Luzon 34. Economic Globalization Impact on Trade and 18. Contractual Arrangements in Agriculture – Investment in Muslim Areas in the Philippines Visayas and Southern Tagalog 35. Effect of Global Economic Liberalization on 19. Contractual Arrangements in Agriculture – Manufacturing Industries in Muslim Areas Philippines 20. Operationalization of the Social Science and Japan-Philippines Economic Partnership Agreement Policy Research, Development and Extension Impact Analysis on the Whole Economy (RDE) Network 36. Situationer on Japan-Philippines Economic 21. Philippine Agriculture: Victim of Weak Gover- Relations nance (Perspective Paper) 37. RP-Japan Bilateral Agreement: Beneficial or Not? 22. Agriculture, Technology, Governance and Productivity Impact Analysis on Specific Sectors/Concerns 38. An Analysis of Industry and Sector-specific Comprehensive Assessment of the Philippine Agricultural Impacts of a Japan-Philippines Economic Extension System (Phase 2) Partnership Agreement (JPEPA) 23. Legal and Institutional Aspects of Agricultural 39. Prospects and Problems of Expanding Trade Delivery Systems in the Philippines with Japan: A Survey of Philippine Exporters 40. Toward a Strategy for Manufactured Exports to Natural Resources and the Environment Japan 24. National Marine Policy in the Philippines 41. Small and Medium Enterprise Development 25. Review of Technical Education on Fisheries Experience and Policy in Japan and the Philip- pines: Lesson and Policy Implications Watershed Management Approach to Water Resource 42. Developing the Japanese Market for Philippine Management Tourism and Retirement Services: Prospects and 26. Realities of Watershed Management Approach Impediments in the Philippines: the Balian, Pangil 43. Prospects of Services Trade Liberalization in Subwatershed Case Japan-RP Bilateral Agreement 27. Realities of Watershed Management Approach 44. Movement of Natural Persons Between the in the Philippines: the Magat Watershed Case Philippines and Japan:Issues and Prospects 28. Realities of Watershed Management Approach 45. Toward a Philippines-Japan Economic Partner- in the Philippines: the Maasin Watershed Case ship in Agriculture 29. Realities of Watershed Management Approach 46. Philippine-Japan Economic Linkage: A Case in the Philippines: the Manupali Watershed Study of Cebu Case 30. Framework of Analysis for the Case Studies Special Studies 31. Synthesis of the Case Studies: Lessons Learned 47. A Comparative Study of the Bilateral FTA Arrange- ments: Applications to the Philippines Infrastructure Development 48. Philippines-Japan Economic Partnership: Where 32. Establishing a Framework and Methodology for is the Philippines in Japan’s Plan Accounting and Measuring Contingent Liabilities 49. Understanding Japan’s Motives for 29 Philippine Institute for Development Studies

Pursuing an Economic Partnership in Human Globalization, Governance and APEC project Resource Development 54. Globalization, Governance and APEC Frame- 50. Exploring Potentials of a Japan-Philippine work Economic Partnership in Human Resource 55. E-government: Assessment of Philippine Cities Development 56. Globalization or Glocalization: The Case of Cebu 51. The Dynamics of Philippine-Japan Economic 57. Globalization, Redemocratization & the Philip- Cooperation: The Case of Japan’s Official Devel- pine Bureaucracy opment Assistance (ODA) in the Philippines 52. Preferential Rules of Origin for the Japan- Others Philippine Economic Partnership: Issues and 58. China’s Accession to WTO Prospects 59. An Analysis of the State of Competitition and 53. Philippine-Japan Free Trade Agreement: Analyz- Market Structure of the Distribution Sector ing the Potential Impact using a Computable General Equilibrium Model

Annex C (China), Dedi Budiman Hakim (Indonesia) Public Affairs Cosponsors: University of Laval, Centre Inter- universitaire sur le Risque, les Politiques Network/ Project Related Fora Economiques et l’Emploi (CIRPEE), International Poverty and Economic Policy (PEP) Research Net- Development Research Centre (IDRC) work: PMMA/ MPIA Interim Meeting (Interna- tional Conference), 22 – 25 February 2003, Asian Technical Workshop of the National Policy Study on Institute of Management (AIM) Conference Child Labor, 12 March 2003, Romulo Hall, Center, Makati City, Philippines NEDA-Makati Bldg. Presenters: Anselme Adegbidi (Benin), Marie-Odile Presenters: Dr. Fernando Aldaba, Dr. Leonardo Attanasso (Benin), Damien Medeji (Benin), Llanzona Roland Medjigbodo (Benin), Basanta Pradhan Cosponsor: International Labour Organization and Shalabh Kumar Singh (India), Nguyen Van Chan and Tran Thi Kim Dung (Vietnam), Claude Regional Conference on Sustainable Tourism Devel- Wetta (Burkina Faso), M.R. Saluja (India), Ishara opment, 24 April 2003, Cebu Midtown Hotel, Rathnayake and Jeevika Weerahewa (Sri Lanka), Cebu City G. M. Arif (Pakistan), Naushin Mahmood (Paki- Presenters: Prof. Reil Cruz, Prof. Susan Solis, Prof. stan), Caesar Cororaton (Philippines), John Ma. Cherry Lyn Rodolfo, Prof. Florence Evacitas Whalley and Shunming Zhang (Canada-China), Cosponsors: PASCN, University of San Carlos John Cockburn and Bernard Decaluwe (Canada- Nepal), Abdoulaye Diagne, Fatou Cisse and Technical Workshop on Estimation and Institutional- Mamadour Dansokho (Senegal), Andrea Vigorito ization of the Philippine Population Management (Uruguay), Kojo Appiah-Kubi (Ghana), Adolf Program (PPMP) Expenditure, 30 April 2003 , Mkenda (Tanzania), Bernadette Kamgnia SEAMEO INNOTECH Center, Quezon City (Cameroon), Bedia Francois Aka (Cote d’Ivoire), Presenters: Dr. Rachel Racelis, Dr. Alejandro Herrin Eric Norbert Ramilison (Madagascar), Li Shi Cosponsor: Commission on Population (China), Jean-Bosco Ki (Senegal), Francis Menjo Baye (Cameroon), Margaret Chitiga (Zim- Regional Conference on Policy Evaluation Research 30 babwe), Chengfang Liu and Linxiu Zhang of the Philippine Population Management 2003 PIDS Annual Report

Program, 13 May 2003, Grand Caprice Restau- Presenters: Dr. Alejandro Herrin, Dr. Aniceto Orbeta Jr. rant, Cagayan de Oro City Cosponsor: Commission on Population – Cordillera Presenters: Dr. Alejandro Herrin, Dr. Aniceto Orbeta Jr. Administrative Region Cosponsor: Commission on Population Region X Provincial Conference on Sustainable Tourism Regional Conference on Sustainable Tourism Devel- Development, 30 July 2003, Bethel Guest House, opment, 14 May 2003, Grand Caprice Restaurant, Dumaguete City Cagayan de Oro City Presenters: Dr. Ramon Benedicto Alampay, Prof. Reil Presenters: Prof. Ramon Benedicto Alampay, Prof. G. Cruz, Prof. Florence Evacitas, Prof. Jose Juline Dulnuan, Prof. Reil Cruz, Prof. Ma. Cherry Eleazar Bersales Lyn Rodolfo, Prof. Susan Solis Cosponsors: PASCN, Silliman University, Negros Cosponsors: PASCN, Xavier University, Department Oriental Provicial Tourism Office, Dumaguete of Tourism Region X City Tourism Office

Sustainable Tourism Development Familiarization Sustainable Tourism Development Familiarization Tour: Camiguin Province, 15 May 2003, Camiguin Tour: Siquijor Province, 31 July 2003, Siquijor Province Province Attendees: PIDS Staff, PASCN Staff, PASCN Resource Attendees: PIDS Staff, PASCN Staff, PASCN Resource Speakers Speakers Cosponsors: Camiguin Provincial Tourism Office, Cosponsor: Siquijor Provincial Tourism Office Department of Tourism Region X Regional Conference on Food Security, Agricultural Regional Conference on Policy Evaluation Research Efficiency and APEC, 12 August 2003, CLSU of the Philippine Population Management Conference Hall, Muñoz, Nueva Ecija Program, 20 May 2003, Cebu Midtown Hotel, Presenters: Dr. Liborio Cabanilla, Dr. Luis Rey Cebu City Velasco, Dr. Eulogio Castillo Presenters: Dr. Alejandro Herrin, Dr. Aniceto Orbeta Jr. Cosponsors: PASCN, Central Luzon State University Cosponsor: Commission on Population Region VII National Forum on Policy Evaluation Research of the Provincial Conference on Policy Evaluation Research Philippine Population Management Program, 28 of the Philippine Population Management August 2003, Carlos P. Romulo Hall, NEDA- Program, 29 May 2003, Barcelo Asturias Hotel, Makati Bldg. Puerto Princesa City Presenters: Dr. Alejandro N. Herrin, Dr. Aniceto C. Presenters: Dr. Alejandro Herrin, Dr. Aniceto Orbeta Jr. Orbeta Jr. Cosponsor: Palawan Provincial Planning and Devel- Cosponsor: Commission on Population opment Office Japan-Philippines Economic Partnership Forum National Seminar on the National Policy Study on Series, 29 August 2003, Carlos P. Romulo Hall, Child Labor, 24 June 2003, Carlos P. Romulo Hall, NEDA-Makati Bldg. NEDA-Makati Bldg. Presenters: Dr. Erlinda Medalla, Dr. Caesar Cororaton Presenters: Dr. Fernando Aldaba, Dr. Leonardo Cosponsors: PASCN, Japan International Coopera- Lanzona tion Agency (JICA), Ministry of Economic Trade Cosponsor: International Labour Organization and Industry – Japan, Department of Trade and Industry (DTI) Regional Conference on Policy Evaluation Research of the Philippine Population Management Japan-Philippines Economic Partnership Program, 26 June 2003, Veniz Hotel, Baguio City Forum Series, 9 September 2003, Carlos 31 Philippine Institute for Development Studies

P. Romulo Hall, NEDA-Makati Bldg. and Japan-Philippine Economic Partnership, 2 Presenters: Mr. Winston Padojinog and Ms. Cherrylyn December 2003, Makati Shangri-la Hotel, Makati Rodolfo, Dr. Tereso S. Tullao, Jr., AIM Policy City Center Presenters: Dr. Liborio Cabanilla, Ms. Catherine Cosponsors: PASCN, JICA, Ministry of Economic Aragon, Dr. Erlinda Medalla Trade and Industry – Japan, DTI Cosponsors: PASCN, Asian Institute of Management – Policy Center Japan-Philippines Economic Partnership Forum Series, 11 September 2003, Carlos P. Romulo Hall, Pulong Saliksikan NEDA-Makati Bldg. The Social Weather Stations Time Series Data on Presenters: Dr. George Manzano, Dr. Peter Lee U Poverty: 1986 -2002, 20 February 2003, Romulo Cosponsors: PASCN, JICA, Ministry of Economic Hall, NEDA-Makati Bldg. Trade and Industry – Japan, DTI Presenter: Dr. Mahar Mangahas

Japan-Philippines Economic Partnership Forum Sustainable Development and Democracy, 27 March Series, 16 September 2003, Carlos P. Romulo Hall, 2003, Romulo Hall, NEDA-Makati Bldg. NEDA-Makati Bldg. Presenter: Dr. Arnaldo Gabaldon Presenters: Ms. Gloria Pasadilla, Dr. Victorina Zosa, Dr. Rosalina Palanca-Tan Tax Administration Reform: (Semi)Autonomous Cosponsors: PASCN, JICA, Ministry of Economic Revenue Authority Anyone?, 5 June 2003, NEDA- Trade and Industry – Japan, DTI Makati Bldg. Presenter: Dr. Rosario Manasan Japan-Philippines Economic Partnership Forum Series, 18 September 2003, Carlos P. Romulo Hall, Global Economic Outlook and the US International NEDA-Makati Bldg. Economic Policy, 7 October 2003, Romulo Hall, Presenters: Prof. Lydia N. Yu-Jose, Prof. Jose V. NEDA-Makati Bldg. Camacho, Prof. Agham Cuevas, Prof. Zenaida Presenter: Dr. Marcus Noland Sumalde and Prof. Amelia Bello Cosponsor: Philippine Economic Society, Philippine- Cosponsors: PASCN, JICA, Ministry of Economic American Educational Foundation Trade and Industry – Japan, DTI Poverty and Access to Microfinance with Gender Japan-Philippines Economic Partnership Forum Dimension, NEDA-Makati Bldg. Series, 23 September 2003, Carlos P. Romulo Hall, Presenter: Dr. Mario B. Lamberte NEDA-Makati Bldg. Presenters: Dr. Cielito F. Habito, Mr. John Lawrence Avila Regional Consultation Meetings Cosponsors: PASCN, JICA, Ministry of Economic GIS Consultation/ Validation Meeting with the Trade and Industry – Japan, DTI Department of Education – Region 10, 18 March 2003, DepEd Region 10 office Paper Presentation on the Study on the Philippine- Attendees: PIDS-GIS staff, DepEd Region 10 staff, Latin American Trade Relations, 25 September NEDA Region 10 staff 2003, Carlos P. Romulo Hall, NEDA-Makati Bldg. Presenter: Mr. Alexander Michael Palma GIS Consultation/ Validation Meeting with the Iligan Cosponsor: Philippine Academic Consortium for City Planning and Development Office, 19 March Latin American Studies 2003, Iligan City Hall Attendees: PIDS-GIS staff, PIDS-RIS staff, NEDA PASCN 8th Annual Conference: Food Region 10 staff, Iligan City Planning and Devel- 32 Security, Agriculture Efficiency and APEC opment Office staff 2003 PIDS Annual Report

GIS Consultation/ Validation Meeting with the GIS Consultation/ Validation Meeting with the PNP National Statistics Office–Reg. 10, 20 March 2003, and National Disaster Coordinating Council National Statistics Office, Cagayan de Oro City Region V Offices, 17 June 2003, NEDA Region V Attendees: PIDS-GIS staff, PIDS-RIS staff, NEDA Office, Legaspi City Region 10 staff, NSO Region 10 staff Attendees: PIDS-GIS Staff, PIDS-RIS Staff, NEDA Region V Staff, PNP Region V Staff, Disaster GIS Consultation/ Validation Meeting with the Coordinating Council Region V Staff Malaybalay City Planning and Development Office, 20 March 2003, Malaybalay City Hall Preconference Consultation Meeting: Food Security, Attendees: PIDS-GIS staff, PIDS-RIS staff, NEDA Agricultural Efficiency and APEC, 7 July 2003, Region 10 staff, Malaybalay City Planning and Central Luzon State University, Munoz, Nueva Development Office staff Ecija Attendees: PIDS Staff, PASCN Staff, CLSU Staff GIS Consultation/ Validation Meeting with the Camiguin Provincial Planning and Development Policy Roundtable Discussions Office, 21 March 2003,Camiguin Provincial Regional and Provincial Socioeconomic Indicators Capitol Using the Geographic Information Systems: Attendees: PIDS-GIS staff, PIDS-RIS staff, NEDA Focus on Region X, and National Studies on Region 10 staff, Camiguin Provincial Planning Education, land Use and Poverty Alleviation, 18 and Development Office staff March 2003,NEDA Conference Hall, Cagayan de Oro City Preconference Consultation Meeting of the Provincial Presenters: Dr. Celia Reyes, Dr. Aniceto Orbeta Jr., Dr. Conference on Policy Evaluation Research on the Marife Ballesteros Philippine Population Management Program, 10 Cosponsor: NEDA Region 10 April 2003, Palawan Provincial Capitol, Puerto Princesa City A GIS-based Philippine Economic Profile Focus on Attendees: PIDS Staff, Palawan Provincial Planning Region V and Studies on Education and Housing, and Development Office Staff 18 June 2003, Casablanca Hotel, Legaspi City Presenters: Dr. Celia Reyes, Dr. Aniceto Orbeta Jr., Dr. Preconference Consultation Meeting: GIS-based Marife Ballesteros Philippine Economic Profile Focus on Region V Cosponsor: NEDA Region 5 and Studies on Education and Housing, 6 May 2003, NEDA Region V Office, Legaspi City Roundtable Discussion on “Whither Goest, Philip- Attendees: PIDS Staff, NEDA Region V Staff pines?”, 10 December 2003,Romulo Hall, NEDA- Makati Bldg. Preconference Consultation Meeting: Sustainable Presenters: Mr. Antonio C. Asper, Atty. Miguel Varela, Tourism Development, 9 June 2003, Silliman Dr. Felipe M. Medalla, Mr. Jose Isidro N. Camacho University, Dumaguete City Cosponsors: Philippine Economic Society, Friedrich Attendees: PIDS Staff, PASCN Staff, Silliman Univer- Ebert Stiftung – Philippine Office sity Staff Legislators Forum Series GIS Consultation/ Validation Meeting with the Analysis of the President’s Budget for 2004: Looking NEDA and DPWH Region V Offices, 16 June for the Complete (Fiscal) Picture, 6 October 2003, 2003, NEDA Region V Office, Legaspi City Mitra Bldg., Batasan Complex Attendees: PIDS-GIS Staff, PIDS-RIS Staff, NEDA Presenter: Dr. Rosario Manasan Region V Staff, DPWH Region V Staff Cosponsor: CPBO 33 Philippine Institute for Development Studies

82 Million and Growing: Bonus or Onus? – A Briefing General Assembly Meetings on Population and Poverty Links and Develop- PIDS Matters, 6 January 2003, Romulo Hall, NEDA- ment Implications for the Philippines, 9 Decem- Makati Bldg. ber 2003, Mitra V. Bldg., Batasan Pambansa Complex, Q.C. PIDS Matters, 5 February 2003, Romulo Hall, NEDA- Presenters: Dr. Alejandro Herrin, Dr. Aniceto Orbeta Jr. Makati Bldg. Cosponsors: Philippine Legislators’ Committee on Population and Development, Congressional PIDS Matters, 5 March 2003, Romulo Hall, NEDA- Planning and Budget Office Makati Bldg.

Senate Staff Consultation Meeting/ Economic Forum PIDS Matters, 7 April 2003, Romulo Hall, NEDA- Series Makati Bldg. Health Sector Reform Agenda Consultation Meeting with the Office of Senator Teresita Aquino-Oreta, PIDS Matters, 12 May 2003, Romulo Hall, NEDA- 17 February 2003, Senate Lounge, Senate Bldg. Makati Bldg. Attendees: PIDS-RIS staff, DOH staff, Staff of Senator Teresita Aquino-Oreta PIDS Matters, 2 June 2003, Romulo Hall, NEDA- Makati Bldg. Health Sector Reform Agenda Consultation Meeting with the Office of Senator Aquilino Pimentel, Jr., Real Estate Investment, 14 July 2003, Romulo Hall, 17 February 2003, Senate Lounge, Senate Bldg. NEDA-Makati Bldg. Attendees: PIDS-RIS staff, DOH staff, Staff of Senator Aquilino Pimentel PIDS Matters, 4 August 2003, Romulo Hall, NEDA- Makati Bldg. Health Sector Reform Agenda Consultation Meeting with the Office of Senator Edgardo Angara, 18 PIDS Matters, 1 September 2003, Romulo Hall, February 2003, Senate Lounge, Senate Bldg. NEDA-Makati Bldg. Attendees: PIDS-RIS staff, DOH Staff, Staff of Senator Edgardo Angara Government Procurement, 27 October 2003, Romulo Hall, NEDA-Makati Bldg. Tax Administration Reform: (Semi)Autonomous Guest: Atty. Dennis Santiago Revenue Authority Anyone?, 30 September 2003, Senate Bldg. PIDS Matters, 17 November 2003, Romulo Hall, Presenter: Dr. Rosario Manasan NEDA-Makati Bldg. Cosponsor: Senate Policy Studies Group PIDS PRAISE Report, 15 December 2003, Romulo Hall, NEDA-Makati Bldg.

Annex D 2. Trade, investment reforms fail to spur Media Exposure manufacturing, BusinessWorld, Jan. 2, 2003 3. Industries put on brave face as trade lib 1. (PASCN DP2002-04) Philippine Domestic deepens, Manila Times, Jan. 2, 2003 Shipping Industry: State of Competition and 4. (PN 2002- 06) Has Foreign Entry Made Domes- Market Structure; Dr. Myrna Austria, Govern- tic Banks More Efficient, Rene Hapitan, Greater ment advised to expand shipping foreign ownership in local banks to make sector 34 deregulation, Malaya, Jan. 2, 2003 more competitive, BusinessWorld, Jan. 9, 2003 2003 PIDS Annual Report

5. (PN 2001-07) Liberalization of the Philippine 18. 18.9% revenue to GDP ratio to erase deficit, International Air Transport Industry: Que BusinessWorld, March 4, 2003 Paso?, Dr. Myrna S. Austria, Trade Travel East: 19. Dr. Rosario G. Manasan, SPECIAL REPORT: Getting our dates right, BusinessWorld Week- Quality and Cost of Education-State universi- ender: Travel and Tourism, Jan. 10, 2003 ties and colleges grapple with cuts, elitist label, 6. (PN 2002-07) Can the Philippines’ Human BusinessWorld, March 6, 2003 Resource Base Meet the Challenge of a Liberal- 20. A strong republic should stand on strong ized Financial Sector, Dr. Tereso S. Tullao- revenue collection (Point of View), (PASCN-DLSU), Gov’t must upgrade human BusinessWorld, March 7, 2003 resource base to meet financial sector’s needs, 21. Technical Workshop on Child Labor, Dr. BusinessWorld, Jan. 15, 2003 Fernando Aldaba, Dr. Leonardo Lanzona, 7. (PASCN DP2002-04) Philippine Domestic Education to cut extent of child labor, study Shipping Industry: State of Competition and says, Manila Times, March 13, 2003 Market Structure, Dr. Myrna Austria, Marina 22. Interview, Dr. Josef Yap, On the brink of War must focus on safety, monitoring tasks, study (Your pocket, their fight), BusinessWorld, March says, BusinessWorld, Jan. 22, 2003 14, 2003 8. Dr. Marife Ballesteros, Rent control disincentive 23. (DP 2002-24) Analysis of the President’s Budget to investment in housing, BusinessWorld, Jan. for 2003, Dr. Rosario Manasan, Dr. Gonzalo 30, 2003 Jurado, Economics Without Tears: Dealing With 9. Dr. Caesar Cororaton, Low Philippine patent the Budget Deficit, Manila Times, March 16, output noted, I.T. Matters, Feb. 4, 2003, 2003, Dr. Gonzalo Jurado Eleanore Sanchez 24. AGILE ‘omnipresent’ in lawmaking process, 10. Interview, Mario B. Lamberte, Resilience in a Philippine Daily Inquirer, March 20, 2003 full-blown US-Iraq war, BusinessWorld- 25. (DP 2002-16) Rethinking Institutional Reforms Weekender, Feb. 7, 2003 in the Philippine Housing Sector, Dr. Marife 11. (DP 2003-23) R&D and Technology in the Ballesteros, Creation of group to manage Philippines, Caesar B. Cororaton, RP has to housing funds urged, news.balita.ph (all the improve on its weak R&D, Metropolitan Com- news from the PNA) March 25, 2003, PNA puter Times, Feb. 12, 2003 26. (PN 2002-14) Explaining the Decline in Tax 12. Agile: An American Trojan Horse?, Manila Effort, Dr. Rosario Manasan, Study urges Times, Feb. 21, 2003 rationalization of government incentives 13. Letter to the Editor (On Mr. Fermin Adriano’s program, BusinessWorld, March 25, 2003 Agile Column), Manila Times, Feb. 23, 2003 27. (PN 1997-12) Water Demand Projections for 14. (PASCN DP 2002-04) Philippine Domestic Metro Manila: A Critical Review, Dr. Cristina Shipping Industry: State of Competition and David, Maynilad has left gaps in the Market Structure, Dr. Myrna Austria, YELLOW privatization picture (Special Report, Part 1), PAD - Reforming the port sector, Business- Manila Times, March 27, 2003 World, Feb. 25, 2003 28. (PN 1997-12) Water Demand Projections for 15. BIR abolition not a guarantee of increased Metro Manila: A Critical Review, Dr. Cristina revenue collection, Manila Times, Feb. 26, 2003 David, Maynilad has left gaps in the 16. Upshot – Banker sues banker, BusinessWorld, privatization picture (Special Report Part 2) Feb. 27, 2003 Manila Times, March 28, 2003 17. (DP 2000-35) Philippine Tariff Reforms: A CGE 29. (PN 2002-14) Explaining the Decline in Tax Analysis, Dr. Caesar Cororaton, Tariff reduc- Effort, Dr. Rosario Manasan, Study urges tion measures reduce consumer prices, rationalization of government incentives news.balita.ph (all the news from the PNA), program, NTRC Tax Research Journal Feb. 27, 2003), PNA Vol. XV, no.2, March-April 2003 35 Philippine Institute for Development Studies

30. Interview, Dr. Mario Lamberte, FOCUS-War to 41. PIDS-Popcom Conference on PPMP (Palawan) impact on trade talks, BusinessWorld, April 3, Ms. Andrea Agcaoili, Mr. Mario Feranil, Mr. 2003 Edwin Martin, POPCOM to hold population 31. Interview, Dr. Erlinda Medalla, Ms. Rafaelita evaluation seminar in Palawan, news.balita.ph Aldaba, Political will needed to realize market (all the news from the PNA), May 5, 2003, PNA reforms-PIDS economists, Manila Times, April 42. Interview, Dr. Mario B. Lamberte, Personal 12, 2003 Finance—Why inflation should (not) matter, 32. Interview, Dr. Mario B. Lamberte, War to BusinessWorld, May 12, 2003 impact trade talks, American Journal of Transpor- 43. Interview, Dr. Mario B. Lamberte, TV Patrol - tation On-Line, April 14, 2003 Western Mindanao, ABS-CBN (Cagayan De Oro 33. (DP 2000-35) Philippine Tariff Reforms: A CGE City), May 15, 2003 Analysis, Dr. Caesar Cororaton, Tariff reduction 44. PIDS-PASN Regional Conference on Sustain- triggers decline in collection of import duties, able Tourism Development, Cagayan De Oro news.balita.ph (all the news from the PNA) City, Sustainable tourism pushed for N. April 16, 2003), PNA Mindanao, BusinessWorld, May 16, 2003 34. (DP 2000-35) Philippine Tariff Reforms: A CGE 45. Regional Forum on Policy Evaluation Research Analysis, Dr. Caesar Cororaton, Philippines of the Philippine Population Management Tariff Reduction Triggers Decline in Duties, Program (Region VII), Dr. Aniceto Orbeto, Dr. Global Sources (News Center-Global News and Alejandro Herrin, On population and poverty, Industry Reports) April 17, 2003, PNA Cebu Daily News, page 13, May 20, 2003, 35. (DP 2000-35) Philippine Tariff Reforms: A CGE Fernando Fajardo Analysis, Dr. Cesar Cororaton, Tariff cuts 46. Regional Forum on Policy Evaluation Research blamed for revenue loss, Manila Bulletin, April of the PPMP (Region VII), Dr. Aniceto Orbeto, 17, 2003, PNA Dr. Alejandro Herrin, Family planning needs 36. (Press Release) DP 2002-21, Population and ignored: Popcom, Sun Star Cebu, page 7, May Poverty: A Review of the Links, Evidence and 21, 2003 Implications for the Philippines, Dr. Aniceto C. 47. Regional Forum on Policy Evaluation Research Orbeta, ‘Strengthen population management’, of the PPMP (Region VII), Dr. Aniceto Orbeto, Manila Times, April 23, 2003 Dr. Alejandro Herrin, Family planning needs 37. (Press Release) DP 2002-21 Population and ignored: Popcom, news.balita.ph (all the news Poverty: A Review of the Links, Evidence and from the PNA) May 22, 2003, PNA Implications for the Philippines, Dr. Aniceto C. 48. Regional Forum on Policy Evaluation Research Orbeta, BusinessWorld Weekender: Health of the Philippine Population Management Matters, April 25, 2003 Program (Region VII) Dr. Alejandro Herrin, 38. Regional Conference on Sustainable Tourism Think tank scores inconsistent policy on family Development (Cebu City), Dr. Reil Cruz, Laws planning, Manila Bulletin, page F3, May 24, 2003 on ‘sustainable’ tourism not implemented: UP 49. Regional Forum on Sustainable Tourism professor, Sun Star Cebu, April 25, 2003 Development (Cagayan De Oro) Prof. Cherry 39. Regional Conference on Sustainable Tourism Lyn Rodolfo, Study, DOT-10 encouraging Development (Cebu City), Dr Reil Cruz, Profes- sustainable tourism development, Sunstar sor warns tour industry against ‘greenwash’ Cagayan De Oro City, page 7, May 27, 2003 posturing, SunStar Cebu, April 27, 2003 Rubelyn Yap 40. (DP 2002-11) Estimating Industry Benchmarks 50. (PN 2002-14) Explaining the Decline in Tax for the Value Added Tax, Dr. Rosario Manasan, Effort, Dr. Rosario G. Manasan, Why tax A step backward, Manila Times, Editorial, May collection has been declining, Manila Times, 3, 2003 Business, May 15, 2003, Cielito Habito 36 2003 PIDS Annual Report

51. Dr. Melanie S. Milo, Highlights of the Second Manasan Tax collection woes persist, even Young Economists Convention, Angelo King worse, BusinessWorld, front page, June 19, 2003 Institute Quarterly, May 2003 62. (PN 2003-01) Where are the Benefits of Foreign 52. (DP 2003-05) Tax Administration Reform: Bank Liberalization, Mr. Rene Hapitan (Semi)Autonomous Revenue Authority (PASCN-DLSU) Entry of foreign banks has little Anyone? Dr. Rosario Manasan, Reformed tax impact on sector, says think tank, bodies increased collections, Philippine Daily BusinessWorld, p. 13, June 19, 2003 Inquirer, p. B1, June 2, 2003 63. (PN 2000-20) Basic Education Improving 53. Interview, Dr. Mario B. Lamberte, GDP growth Quality and Quantity, Dr. Rosario G. Manasan, bucks PIDS expectations, Businessworld, Front Stopping a systemic deterioration, page, June 2, 2003 BusinessWorld Weekender, June 20, 2003 54. (PN 2002-16) Effecting Efficiency to Sustain 64. National Seminar of the National Policy Study MFIs: The Case of Cooperative Rural Banks, on Child Labor, Dr. Mario Lamberte, Education Dr. Mario B. Lamberte, Central bank urged to key to campaign vs. child labor, The Manila ease microfinance rules, BusinessWorld, p. 13 Times, Business, June 25, 2003 June 4, 2003 65. PN 2002-17 Estimating Industry Benchmarks 55. (DP 2003-05) Tax Administration Reform: for the Value-Added Tax, Dr. Rosario G. (Semi)Autonomous Revenue Authority Manasan, VAT collection climbs 10.3%, Anyone? Dr. Rosario Manasan, Correct imple- BusinessWorld, June 27, 2003 mentation of BIR reshuffle urged, 66. Study on Land Reform and Land Market BusinessWorld, p. 3, June 6, 2003 Transactions, Dr. Cristina C. David, Dr. Marife 56. Pulong Saliksikan on Tax Administration M. Ballesteros, Use of farm as collateral good Reform: (Semi)Autonomous Revenue Authority for farmers, BusinessWorld, July 3, 2003 Anyone? Dr. Rosario Manasan, Balitang-Balita, 67. Study on Land Reform and Land Market ABC Network (Channel 5) 5:00 p.m., June 7, Transactions, Dr. Cristina C. David, Dr. Marife 2003 M. Ballesteros, Neri pushes farmland for 57. Pulong Saliksikan on Tax Administration collateral bill, Manila Standard, p.9, July 9, 2003 Reform: (Semi)Autonomous Revenue Authority 68. (Press Release) DP 2002-19 Education, Labor Anyone? Dr. Rosario Manasan, The Big News, Market and Development: A Review of the ABC Network (Channel 5), 9:00 p.m., June 7, Trends and Issues in the Philippines for the Past 2003 25 Years, Dr. Aniceto C. Orbeta, Jr., Education 58. Pulong Saliksikan on Tax Administration planning: Will it solve rising unemployed Reform: (Semi)Autonomous Revenue Authority graduates?, The Manila Times, Billboard, July 10, Anyone? Dr. Rosario Manasan, Assure au- 2003 tonomy of proposed tax agency—study, The 69. (Press Release) PN 2002-16, Effecting Efficiency Manila Times, Business, June 16, 2003 to Sustain MFIs: The Case of Cooperative Rural 59. (DP 2002- 22) Financial Services Integration and Banks, Dr. Mario B. Lamberte, Study recom- Consolidated Supervision: Some Issues to mends BSP rethink branching limit, Consider for the Philippines, Dr. Melanie Milo BusinessWorld, p. 15, July 11, 2003 Senate backs proposal to create single financial 70. Study on Land Reform and Land Market regulatory body, Philippine Star, June 17, 2003 Transactions, Dr. Cristina C. David, Dr. Marife 60. Interview, Government economists do a better M. Ballesteros, Trojan Horse, Philippine Daily job at forecasting than IMF, Manila Standard, Inquirer, p.A6 (Opinion: Get Real), July 12, 2003 June 19, 2003 71. (Press Release) PN 2003-02, Population: Does It 61. (PN 2002-17) Industry Benchmarking for Matter? Revisiting an Old Issue, Dr. Ernesto M. Improved VAT Administration, Dr. Rosario Pernia, Economist relates RP’s persis- 37 Philippine Institute for Development Studies

tent mass poverty with inconsistent population education planning solve unemployment?, policy, Today, July 16, 2003 Manila Bulletin, p. B4, August 3, 2003 72. Managing Urbanization Under a Decentralized 82. PN 2003-01, Where are the Benefits of Foreign Governance Framework, Vol. 2 (PIDS 2001), Bank Liberalization, Rene Hapitan (DLSU), Scientists of the Year, Philippine Daily Inquirer, Bank liberalization barely felt, says PIDS study, July 19, 2003 BusinessWorld, August 6, 2003 73. (Press Release) PN 2003-02, Population: Does It 83. Interview, Dr. Mario Lamberte, Asia’s financial Matter? Revisiting an Old Issue, Dr. Ernesto destination clearer than roadmap, Yahoo News, Pernia, Population: Does it matter?, Newsbreak Business, August 10, 2003 Magazine, July 21, 2003 84. Interview, Dr. Mario Lamberte, Analysis- 74. (Press Release) PN 2003-03, Lack of Consensus Thailand, Philippines take different tack post- Characterizes Philippine Population Policy, Dr. crisis, Forbes Magazine, August 12, 2003 Alejandro Herrin, Gov’t-Church promotion of 85. Study on Land Reform and Land Market family planning proposed, The Daily Tribune, Transactions, Dr. Cristina C. David, Dr. Marife p.2, July 23, 2003 M. Ballesteros, Loan sharks eating up CARP 75. Asian think tanks call for ‘positive’ Japan farm farmlands, News.balita.ph (All the news from policy, Global Sources (News Center- Global the PNA) August 14, 2003, PNA News and Industry Reports), July 23, 2003 86. Study on Land Reform and Land Market 76. (Press Release) PN 2003-03, Lack of Consensus Transactions, Dr. Cristina C. David, Dr. Marife Characterizes Philippine Population Policy, Dr. M. Ballesteros, Congress urged to hasten farm Alejandro Herrin, Government urged to make a collateral bill OK, BusinessWorld, August 15, 2003 stand on population control issue, 87. (Press Release) PN 2003-02, Population: Does It BusinessWorld, p.3, July 24, 2003 Matter? Revisiting an Old Issue, Dr. Ernesto Per- 77. Regional Conference on Sustainable Tourism nia, Population: Does it matter? (Revisiting an old Development, Dumaguete City, SU spearheads issue) Philippine Star, p. 12, August 16, 2003 sustainable tourism regional workshop, 88. Study on Land Reform and Land Market Silliman University NetNEWS, Vol. 9, No. 28, Transactions, Dr. Cristina C. DavidDr. Marife July 24, 2003 M. Ballesteros, Pagdanganan urges Congress to 78. (RPS 2002-05) The Philippine Payment System: act fast on “farmland as collateral bill”, Efficiency and Implications for the Conduct of Balita.news.ph (All the news from the PNA), Monetary Policy, Dr. Mario B. Lamberte, August 19, 2003, PNA Central Bank eyes e-payment regulation, I.T. 89. Press Release, Dr. Erlinda Medalla, Dr. Ceasar Matters, July 31, 2003 Cororaton, RP-Japan economic partnership: 79. PN 2002-11: A Second Look at Institutional Beneficial or Not?, Silangan Shimbum, August Reforms in the Housing Sector, Dr. Marife M. 26, 2003, PNA Ballesteros, Housing backlog, symptom of 90. (PN 2003-05) Policy Lending for LGUs: An larger economic ailment (Second of three innovative Financing Instrument for Local parts), Manila Times, August 1, 2003 Governments, Dr. Gilberto Llanto, Less regula- 80. PN 2002-11: A Second Look at Institutional tion seen to help small banks lending to the Reforms in the Housing Sector, Dr. Marife M. poor, BusinessWorld, August 28, 2003 Ballesteros, Of signatures and red tape in 91. Radio Interview, Dr. Gilberto Llanto housing (conclusion), Manila Times, August 2, (Topic: Development Research Month and 2003 Related Activities), DZRM (Radio Magazine), 81. (Press Release) DP 2002-19, Education, Labor August 28, 2003, Susan Layos (Program host) Market and Development: A Review of the 92. Radio Interview, Dr. Gilberto Llanto Trends and Issues in the Philippines for the (Topic: Development Research Month and 38 Past 25 Years, Dr. Aniceto C. Orbeta Jr., Can Related Activities), DWAN (Sumbong Tugon at 2003 PIDS Annual Report

Aksyon), August 28, 2003, Annie Rentoy (host) Transactions, Dr. Cristina C. David, Dr. Marife 93. Interview, Melanie Milo, SEC to conduct more M. Ballesteros, SB 2553 spells death for agrarian on-site audits, Philippine Star, B2, August 31, 2003 reform, Philippine Daily Inquirer, p. A12, Sept. 6, 94. Study on Transforming Land Bank into a 2003, Solita C. Monsod Microfinance Development Institution, Dr. 106. (DP 2003-08) Trade Reforms, Unemployment, Mario Lamberte, The Outsider, Men Zone Household Income and Welfare: The Philippine Magazine, August 2003 Case, Dr. Caesar Cororaton, Impact of trade 95. Press Release on the Japan-Philippines Eco- reforms on distribution welfare and poverty: nomic Partnership Forum, RP-Japan economic RP case, Philippine Star, p. 16, Sept. 6, 2003 ties: Beneficial or not?, BusinessWorld, Sept. 1, 107. (Press Release) PN 2003-03, Lack of Consensus 2003 Characterizes Philippine Population Policy, 96. Radio Interview, Dr. Mario Lamberte Dr. Alejandro Herrin, Filipinos have made up (Topic: Development Research Month and minds on family planning, Philippine Daily Related Activities) DZAR (Galing Pinoy), Sept. Inquirer, Sept. 6, 2003, Rina Jimenez-David 2, 2003, Ivy Aviño (Program host) 108. (RPS 2002-09) Benefits (and Losses) from Rent 97. Press Release, September declared as policy Control in the Philippines: An Empirical Study research month, BusinessWorld, p. 22, Sept. 4, of Metro Manila, Dr. Marife M. Ballesteros, 2003 Rent control benefits low-income earners, PIDS 98. Regional Conference on the Philippine Popula- study says, Manila Bulletin, p. B12, Sept. 8, 2003 tion Management Program, Baguio City, 109. PN 2001-17: Expanding Banking Services to Religion not a factor in family planning, Micro, Small and Medium Enterprises and Poor Philippine Daily Inquirer, p. A2, Sept. 4, 2003 Households in the Philippines, Dr. Mario B. 99. Radio Interview, Dr. Mario Lamberte (Topic: Lamberte, Philippine banks to focus on Development Research Month and Related microfinance sector, Yahoo News Asia (Business- Activities) DZEC (Con Todos Recados), Sept. 4, AsiaPulse) Sept. 8, 2003, PNA 2003, Elaine Fuentes, Ross Olgado (Program 110. DP 2000-35 Philippine Tariff Reforms: A CGE hosts) Analysis, Dr. Caesar Cororaton, Tariff cuts are 100. TV Interview, Dr. Mario Lamberte (Topic: propoor, Manila Times, p. A6 (Editorial), Sept. Development Research Month and Related 11, 2003 Activities) Net 25 (Con Todos Recados), Sept. 4, 111. (Press Release) PIDS Silver Anniversary CDs, 2003, Elaine Fuentes, Ross Olgado (Program Dr. Mario Lamberte, Econ researches on hosts) Philippines now on CDs, Metropolitan Computer 101. TV Interview, Dr. Mario Lamberte, Balitang- Times, Sept. 15, 2003 Balita and The ABC Big News, ABC 5, Sept. 4, 112. Interview, Dr. Mario Lamberte (Topic: Develop- 2003 ment Research Month and Related Activities) 102. Interview, Dr. Mario Lamberte, World Bank Ciudad Fernandina Press Conference (Broadcast proposes new tariff reduction formula, live over DZRB-Radyo ng Bayan) Sept. 17, 2003 BusinessWorld, Sept. 5, 2003 113. Japan-Philippines Economic Partnership Forum 103. TV Interview, Dr. Gilberto Llanto (Topic: Series, Dr. Gilberto Llanto, Look to Cebu as Development Research Month and Related model to attract investments, Manila Times, Activities), ANC (ANC Live), Sept. 7, 2003, Business Section, September 17, 2003 Pinky Webb (Program host) 114. Interview, Dr. Mario B. Lamberte, ASEAN 104. (PN 2003-05) Policy Lending for LGUs: An financial integration more of a sketch than innovative Financing Instrument for Local blueprint: analyst, Arab Times (Kuwait), Sept. Governments, Dr. Gilberto Llanto, Lending for 18-19, 2003 LGUs, BusinessWorld, Sept. 9, 2003 115. Analysis of the President’s Budget for 105. Study on Land Reform and Land Market 2003, Dr. Rosario G. Manasan, Deficit 39 Philippine Institute for Development Studies

report doesn’t reflect actual level of financial More Harm than Good, Dr. Erlinda M. Medalla, load, BusinessWorld, Sept. 19, 2003 Ms. Rafaelita M. Aldaba, Backsliding in tariff 116. Interview, Dr. Mario B. Lamberte, Surge in policy, BusinessWorld, Yellow Pad, Oct. 7, 2003 capital purchases pushes up imports in July, 128. (PN 2003-12) Doing it Right for Tax Adminis- The Manila Times, Business section, Sept. 20, 2003 tration Reform: (Semi)Autonomous Revenue 117. Study on Land Reform and Land Market Authority Anyone?, Dr. Rosario G. Manasan, Transactions, Dr. Cristina David, Dr. Marife Revenue body must be granted autonomy, Ballesteros, Bleeding-heart arguments, The BusinessWorld, Oct. 7, 2003 Manila Times, Opinion, Sept. 20, 2003, Calixto 129. (Press Release) PN 2003-06, A Microfinance Chikiamco Promise: To Provide Poor Access to Finance 118. (Press Release) PIDS Silver Anniversary CD Services, Dr. Gilberto M. Llanto, PIDS official PIDS studies, BusinessWorld, p. 22, Sept. 22, 2003 warns vs return of subsidized credit program, 119. Analysis of the President’s Budget for 2003, Dr. BusinessWorld, p. 24, Oct. 14, 2003 Rosario G. Manasan, Philippine finances need 130. (PN 2003-04) Population and the Fight Against lasting solution, The Washington Times, Sept. 23, Poverty, Dr. Aniceto Orbeta Jr., Hunger rate at 2003, United Press International record low, but people still feel poor, 120. Paper Presentation on Philippine-Latin Ameri- BusinessWorld, Oct. 15, 2003 can Trade Relations, Mr. Michael Alexander 131. (DP 2002-22) Financial Services Integration and Palma, Private sector, gov’t urged to explore Consolidated Supervision: Some Issues to new markets, BusinessWorld, Sept. 24, 2003 Consider for the Philippines, Dr. Melanie Milo, 121. Paper Presentation on Philippine-Latin Ameri- Council studies proposal to set up a single can Trade Relations, Mr. Michael Alexander financial regulator, Philippine Star, Oct. 17, 2003 Palma, Foreign Affairs Department takes DTI to 132. Analysis of the President’s Budget, Dr. Rosario task for inability to tap LatAm market, The G. Manasan, Putting our house in order, The Manila Times, Business Section, Sept. 26, 2003 Manila Times, Editorial, Oct. 24, 2003 122. (Press Release) PN 2003-05, Policy Lending for 133. Japan-Philippines Economic Partnership Forum LGUs: An innovative Financing Instrument for Series, Dr. Erlinda Medalla and Dr. Caesar Local Governments, Dr. Gilberto Llanto, Study Cororaton, FTA with Japan to boost RP warns use of municipal fund to support deficit, economy by 1.7 percent, ManilaTimes, Business BusinessWorld, Sept. 26, 2003 Section, Oct. 28, 2003 123. Dr. Rosario G. Manasan, Philippines finances 134. (Press Release) PN 2003-06, A Microfinance need lasting solution, The Washington Times, Promise: To Provide Poor Access to Finance United Press International, Sept. 23, 2003 Services, Dr. Gilberto Llanto, Avoid ‘populist’ 124. Analysis of the President’s Budget, Dr. Rosario credit programs, government told, G. Manasan, Event risk, The Manila Times, BusinessWorld, Oct. 30, 2003 Opinion, Sept. 27, 2003, Calixto Chikiamco 135. (Press Release) PN 2003-06, A Microfinance 125. PN 2003-04 Population and the Fight Against Promise: To Provide Poor Access to Finance Poverty, Dr. Aniceto Orbeta Jr., Population and Services, Dr. Gilberto Llanto, Populist credit the fight against poverty, Philippine Star, p. 16, programs not good for microfinance, Manila Sept. 29, 2003 Bulletin, Nov. 3, 2003 126. (PN 2003-12) Doing it Right for Tax Adminis- 136. (Press Release) PN 2003-10, “No” to Policy tration Reform: (Semi)Autonomous Revenue Reversal: Backsliding in Tariff Policy Can Do Authority Anyone?, Dr. Rosario G. Manasan, More Harm than Good, Dr. Erlinda M. Medalla, Cutting down the NARA, The Manila Times, Ms. Rafaelita M. Aldaba, PIDS paper warns Editorial, Sept. 30, 2003 reversal of tariff policy bad for economy, 127. (PN 2003-10) “No” to Policy Rever- BusinessWorld, Nov. 5, 2003 40 sal: Backsliding in Tariff Policy Can Do 137. (Press Release) PN 2003-09, East Asian Curren- 2003 PIDS Annual Report

cies: Is There Room for Further Appreciation?, 148. Analysis of the President’s Budget for 2004, Dr. Dr. Josef T. Yap, Gov’t should help export Rosario G. Manasan, Tax evasion a way of life, growth amid undervalued peso—PIDS, death in the Philippines, Reuters Alert Net Businessworld, p. 13, Nov. 12, 2003 (www.alertnet.org), Dec. 1, 2003, Reuters 138. DRN 2003 Vol. XXI, No. 3, RP Domestic Ship- 149. Analysis of the President’s Budget for 2004, ping Industry: Still Berthed? Dr. Myrna S. Dr. Rosario G. Manasan, Tax evasion a way of Austria, Study calls for better shipping sector life, death in the Philippines, BusinessWorld, p. 1 policies, BusinessWorld, p. 2, Nov. 12, 2003 Dec. 2, 2003, Reuters 139. (Press Release) PN 2003-09, East Asian Curren- 150. Studies on RP-Japan Economic Partnership, Dr. cies: Is There Room for Further Appreciation?, Erlinda Medalla, RP, Japan meet anew to set Dr. Josef T. Yap, Taking advantage of an under- framework for economic partnership, ABS- valued peso, Manila Times, Editorial, Nov. 13, 2003 CBN.com, Dec. 3, 2003 140. Interview, Dr. Josef T. Yap, Calibrating trade 151. Studies on RP-Japan Economic Partnership, Dr. measures, Manila Times, Opinion Nov. 14, 2003 Erlinda Medalla, RP, Japan meet anew to set Wigberto Tañada framework for economic partnership, Today, 141. (Press Release) PN 2003-09, East Asian Curren- Dec. 4, 2003 cies: Is There Room for Further Appreciation?, 152. (Press Release) PN 2003-13, Cancun and Its Dr. Josef T. Yap, Revaluation of EA currencies Aftermath: What Does It Mean?, Ms. Rafaelita M. uncalled for, BusinesWorld Briefs, Nov. 17, 2003 Aldaba, WTO still the best solution for RP, other 142. (Press Release) PN 2003-09, East Asian Curren- developing nations, BusinessWorld, Dec. 5, 2003 cies: Is There Room for Further Appreciation?, 153. Analysis of the President’s Budget for 2004, Dr. Dr. Josef T. Yap, Without political woes, peso Rosario G. Manasan, Proposed 2004 budget will should already be at P54-P54.50—HSBC, not catch up with inflation, population growth, BusinessWorld, Nov. 19, 2003 Manila Times, p. B3, Dec. 13, 2003 143. (PN 2003-12) Doing it Right for Tax Adminis- 154. (PN 2003-10) “No” to Policy Reversal: Backslid- tration Reform: (Semi)Autonomous Revenue ing in Tariff Policy Can Do More Harm than Authority Anyone?, Dr. Rosario G. Manasan, Good, Dr. Erlinda M. Medalla, Economist Success of new revenue agency depends on its warns of tariff hikes, Malaya, p. 15, Dec. 15, autonomy level, BusinessWorld, Nov. 19, 2003 2003 144. (Press Release) PN 2003-09, East Asian Currencies: 155. Analysis of the President’s Budget for 2004, Dr. Is There Room for Further Appreciation?, Dr. Josef Rosario G. Manasan, Fiscal reforms urged to T. Yap, Revaluation of EA currencies bucked, meet 2004 deficit target, Manila Times, Business, Philippine Star, Business page, Nov. 21, 2003 Dec. 16, 2003 145. (Press Release) PN 2003-05, Policy Lending for 156. Analysis of the President’s Budget for 2004, Dr. LGUs: An innovative Financing Instrument for Rosario G. Manasan, The wrong way to clear Local Governments, Dr. Gilberto M. Llanto, up the fiscal mess, Manila Times Editorial, Dec. Policy loans seen vital to local govt unit 22, 2003 reforms, The Manila Times, C5, Nov. 24, 2003 157. (PN 2003-10) “No” to Policy Reversal: Backslid- 146. Interview, Dr. Erlinda M. Medalla, PIDS urges ing in Tariff Policy Can Do More Harm than study on free trade agreement with US, Philip- Good, Dr. Erlinda M. Medalla, Increasing tariffs pine Star, Nov. 27, 2003, Philexport News & may bloat inflation, stunt growth, Manila Times, Features Dec. 24, 2003 147. (PN 2003-10) “No” to Policy Reversal: Backslid- 158. (PN 2003-10) “No” to Policy Reversal: Backslid- ing in Tariff Policy Can Do More Harm than ing in Tariff Policy Can Do More Harm than Good, Dr. Erlinda M. Medalla, How to make Good, Dr. Erlinda M. Medalla, PIDS warns the economy work for the people (Tariff re- tariff hike bad for economy, Manila calibration) BusinessWorld, Dec. 1, 2003 Bulletin, p. B2, Dec. 26, 2003 41 Philippine Institute for Development Studies

Annex E Distribution ans Welfare: The Philippine Case Publications (RPS 2002-04) Technological Innovations in Japan and S&T Experiences in the Philippines: Drawing Books (occasional) Policy Lessons for the Philippines Education and Globalization (edited by Tereso S. (RPS 2002-05) The Philippine Payment System: Tullao Jr.) Efficiency and Implications for the conduct of Monetary Policy (reprint) Development Research News (bimonthly) (RPS 2002-06) Governance in Southeast Asia: Issues July-August 2002 (Volume 20, No. 4) Is There Still a and Options Need to Legislate? A Water Policy Agenda for the (RPS 2002-07) Gender and Technology Philippines (RPS 2002-08) Assessing the Situation of Women September-October 2002 (Volume 20, No. 5) Tuition Working in the Calabarzon Hike, Education Strife? (RPS 2003-01) Exchange Rate Policy in Philippine November-December 2002 (Volume 20, No. 6) The Development Cases of Angat, Laguna, Batangas and Cebu City: (RPS 2003-03) College Fee Structure and Inflation Competing Uses of Water (RPS 2003-04) The Philippine Innovation System: January-February 2003 (Volume 21, No. 1) Economy to Structure and Characteristics Plateau in 2003 March-April 2003 (Volume 21, No. 2) Tax Effort: Going Policy Notes (occasional) Down...Down... (PN 2003-01) Where Are the Benefits of Foreign Bank May-June 2003 (Volume 21, No. 3) RP Domestic Liberalization? by Rene B. Hapitan Shipping Industry: Still Berthed? (PN 2003-02) Population: Does It Matter? Revisiting an Old Issue by Ernesto M. Pernia Philippine Journal of Development (semestral) (PN 2003-03) Lack of Consensus Characterizes Philip- First semestral issue, PJD 2002 (Volume 30) pine Population Policy by Alejandro N. Herrin Development and the Upland Resource Base: Eco- (PN 2003-04) Population and the Fight Against nomic and Policy Context, and Lessons from a Poverty Philippine Watershed by Ian Coxhead (PN 2003-05) Policy Lending for LGUs: An Innova- Devolution of Environmental and Natural Resource tive Financing Instrument for Local Governments Management in the Philippines: Analytical and (PN 2003-06) Microfinance promise: To provide Policy Issues by Rosario Manasan access to financial services by Gilberto Llanto Does Nonfarm Job Growth Encourage or Retard Soil (PN 2003-07) Developing the policy and regulatory Conservation in Philippine Uplands? by Agnes architecture for microfinance in the Philippines Rola and Ian Coxhead by Gilberto Llanto A Bioeconomic Rationale for the Expansion of Tree (PN 2003-08) What we have and don’t have…is it Planting by Upland Philippine Farmers by Todd enough for global competition? An assessment of Nissen and David Midmore physical resources in Philippine agriculture by Linking Economic Policy and Environmental Out- Luis Rey Velasco and Liborio Cabanilla comes at a Watershed Scale by Gerald Shively (PN 2003-09) East Asian currencies: Is there room for and Charles Zelek (further) appreciation? by Josef Yap How Do Research Projects Influence the Design of (PN 2003-10) “No” to policy reversal: backsliding in Local Policies for Environmental and Natural tariff policy can do more harm than good by Resource Management? by Gladys Buenavista, Erlinda Medalla and Rafaelita Aldaba Antonio Sumbalan and Ian Coxhead (PN 2003-11) Who benefits from the tariff reforms? by Caesar Cororaton Research Paper Series (occasional) (PN 2003-12) Doing it right for tax administration 42 (RPS 2002-03) Trade Reforms, Income reform: (semi)autonomous revenue authority 2003 PIDS Annual Report

anyone? by Rosario Manasan (DP 2003-11) Innovations in Microfinance in South- (PN 2003-13) Cancun and its aftermath: what does it east Asia by Gilberto M. Llanto and Ryu Fukui mean? by Rafaelita M. Aldaba (DP 2003-12) Rural Finance and Microfinance Devel- (PN 2003-14) Property rights in land reform areas by opment in Transition Countries in Southeast and Marife M. Ballesteros East Asia by Ryu Fukui and Gilberto M. Llanto (PN 2003-15) Household poverty: addressing the core (DP 2003-13) State of competition in the insurance of microfinance by Mario B. Lamberte and Ma. industry: selected Asian countries by Melanie Chelo V. Manlagñit Milo (PN 2003-16) Efficiency and gender concerns: issues (DP 2003-14) Family planning and maternal and child confronting the Philippine credit cooperatives by health outcomes, utilization and access to ser- Ma. Chelo V. Manlagñit and Mario B. Lamberte vices by asset quintile: new evidence from the (PN 2003-17) The insurance industry in the ASEAN5 FPS and MCHS by Aniceto Orbeta Jr., Janet economies: tapping its potential by Melanie S. Cuenca, Fatima del Prado and Iris Acejo Milo (DP 2003-15) Analyzing the impact of Philippine tariff reform on unemployment, distribution and Discussion Paper Series (occasional draft reports) poverty using CGE-microsimulation approach by (DP 2003-01) Analyzing the Impact of Trade Reforms Caesar Cororaton on Welfare and Income Distribution Using CGE (DP 2003-16) Regulatory policies and reforms in the Framework: The Case of the Philippines by power and downstream oil industries by Caesar B. Cororaton Rafaelita Aldaba (DP 2003-02) East Asian Regional Cooperation: (DP 2003-17) Analysis of the President’s budget for Approaches and Processes by Myrna S. Austria 2004: looking for the complete (fiscal) picture by (DP 2003-03) Land Issues in Poverty Reduction and Rosario Manasan the Development Agenda: Philippines by (DP 2003-18) An evaluation of the Philippine Popula- Gilberto M. Llanto and Marife M. Ballesteros tion Management Program (PPMP) by Alejandro (DP 2003-04) The Philippine National Innovation Herrin, Aniceto Orbeta Jr., Iris Acejo, Janet System: Structure and Characteristics by Cuenca and Fatima del Prado Epictetus Patalinghug (DP 2003-19) Financial and monetary cooperation in (DP 2003-05) Tax Administration Reform: (Semi) ASEAN by Mario B. Lamberte and Josef T. Yap Autonomous Revenue Authority Anyone? by (DP 2003-20) Globalization and state capacity: the Rosario G. Manasan Philippines by Epictetus Patalinghug (DP 2003-06) Integrating Gender Perspectives in (DP 2003-21) Strengthening bilateral trade and Evaluating the Efficiency of COFI: The Case of investment relationship between Latin America Credit Cooperatives in the Philippines by Ma. and the Philippines:beyond economic diplomacy Chelo V. Manlagñit and Mario B. Lamberte by Alexander Michael Palma (DP 2003-07) Poverty and Access to Microfinance with Gender Dimension by Mario B. Lamberte Annual Report and Ma. Chelo V. Manlagñit 2002 PIDS Annual Report: Quest for Research-Based (DP 2003-08) Trade Reforms, Unemployment, House- Policymaking hold Income and Welfare: The Philippine Case by Caesar B. Cororaton Others (DP 2003-09) Analysis of Trade Reforms, Income PIDS CD collection of publications Inequality and Poverty Using Microsimulation GIS Project Brochure Approach: The Case of the Philippines by Caesar SERP-P Project Brochure B. Cororaton ERBL Project Brochure (DP 2003-10) The Output Gap and Its Role in Infla- IDS Project Brochure tion-Targeting in the Philippines by Josef T. Yap 43 Philippine Institute for Development Studies

Annex F Audit Certificate

CORPORATE GOVERNMENT SECTOR Office of the Director Cluster VI – Social, Cultural and Scientific

AUDIT CERTIFICATE

The Board of Trustees Philippine Institute for Development Studies NEDA sa Makati Building Amorsolo Street, Makati City

We have audited the accompanying balance sheet of the Philippine Institute for Development Studies (PIDS) as of December 31, 2003 and the related statements of income and cash flows for the year then ended. These financial statements are the responsibility of the PIDS’ Management. Our responsibility is to express an opinion on these statements based on our audit.

We conducted our audit in accordance with laws, COA and INTOSAI standards and applicable generally accepted auditing standards. These standards require that we plan and perform the audit to obtain reasonable assurance that the financial statements are free of material misstatement/s. The audit included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. It also included assess- ing the accounting principles used and significant estimates made by the Auditee as well as evaluating the overall financial statement presentation. We believe that our audit provides reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial posi- tion of the Philippine Institute for Development Studies as of December 31, 2003, and the results of its operations and its cash flows for the year then ended in accordance with applicable laws, rules and regulations and in confor- mity with applicable generally accepted accounting principles.

COMMISSION ON AUDIT

By:

February 9, 2004

44 2003 PIDS Annual Report Annex G Balance Sheet As of December 31, 2003 (With Comparative Figures for 2002)

See accompanying Notes to Financial Statements (Annex J). 45 Philippine Institute for Development Studies

Annex H Income Statement For the Year Ended December 31, 2003 (With Comparative Figures for 2002)

46 See accompanying Notes to Financial Statements (Annex J). 2003 PIDS Annual Report

Annex I Statement of Cash Flows For the Year Ended December 31, 2003 (With Comparative Figures for 2002)

See accompanying Notes to Financial Statements (Annex J).

47 Philippine Institute for Development Studies

Annex J g. Income and expenses are recorded using the accrual Notes to PIDS Financial Statements method of accounting. h. Transactions in foreign currencies are recorded in I. General Philippine Peso based on the BSP rate of exchange at the 1. Basis of Reporting date of transactions, and at the end of the year are The Philippine Institute for Development Studies, is a revalued using the rate of exchange at balance sheet nonstock, nonprofit government research institution date. created under PD 1201 on September 1977. The Institute’s nature of operation/principal program/activities include II. Balance Sheet among others: 3. Cash - Provide analyses of socioeconomic problems and issues This account represents the cash on hand of the disbursing to support the formulation of plans and policies for officer, cash in bank and time deposits at year end. Dollar sustained social and economic development in the accounts were placed on time deposits with terms of 30 to Philippines; 364 days (see attached schedule). - Establish a continuing channel of communication between policy makers and planners, on one hand, and 4. Accounts Receivables researchers, on the other hand; This account is broken down as follows: - Establish a repository for economic research information and other related activities. 2003 2002 Accounts Receivable P 49,034 P 47,450 The Institute’s financial statements have been prepared in Due From Officers/Employees 173,965 117,136 accordance with the generally accepted state accounting Due From NGAs 54,881 3,954,073 principles and standards. Due From GOCCs 3,622,756 23,001 Other Receivables– Miscellaneous 494,717 3,621,827 2. Significant Accounting Policies Total Receivables 4,395,353 7,763,487 a. Change in Accounting Treatment Less: Allowance for Doubtful Accounts 1,495,434 - Accounts were reclassified to conform with the New Net Realizable Value P 2,899,919 P 7,763,487 Chart of Accounts prescribed under the revised New Government Accounting System. During the year, a total amount of P 1,495,434 was re- b. Correction of Fundamental Errors corded as Allowance for Doubtful Accounts to present Fundamental errors of prior years are corrected by using fairly the receivable account in the financial statements. Of the Prior Year’s Adjustment account. Errors affecting the amount, P 7,248 represents the account of Levan Travel current year’s operation are charged to the current year’s and Tours for refundable cost of airfare ticket charged account. against the account of PASCN (Due to other GOCCs), c. Inventories are valued at cost using moving average while the amount of P 1,488,186 was charged to Bad Debts method. This included cost of unused supplies and Expense. materials, books, journals and working paper for various research projects for resale. 5. Interest Receivables d.Investments are recorded at cost, interest income This account consists of accrued interest on investments in pertaining thereto are recognized on accrual basis. Treasury Bills and Bonds in the Bureau of Treasury and e. Property, Plant and Equipment are carried at cost less dollar time deposits with Land Bank of the Philippines. accumulated depreciation. The straightline method of depreciation is used based on their estimated useful life 6. Marketable Securities ranging from 3-10 years. A residual value computed at 10 This account consists of the following: percent of the cost of asset is set and depreciation starts on the second month after purchase. Property, Plant and 2003 2002 Equipment acquired from the project fund are recorded Treasury Bills-Investible Funds P 94,435,926 P 57,117,156 as Fixed Assets-Held in Trust. Treasury Bills-Funds for Operations 27,269,642 29,092,253 f. Liabilities are recognized at the time they Treasury Bills-PASCN 2,638,944 4,629,234 are incurred. P 124,344,512 P 90,838,643 48 2003 PIDS Annual Report

7. Long-Term Investments POPCOM-PPMP Project 592,020 This account consists of the following: POPCOM – Estimation of Expenditure 54,584 2003 2002 JPEP Project 468,502 - Investment in Stocks P 35,000 P 35,000 UNDP/NEDA Investment in Bonds -Financing for Development - 29,750 -Investible Funds 183,574,788 212,620,765 UNDP – Globalization 80,280 - Investment in Bonds UNDP – Research Manager 34,713 - -Funds for Operations 2,496,772 2,490,651 SANREM 225,307 642,103 P 186,106,560 P 215,146,416 Other Payables 1,984 - PIDS Provident Fund 850 15 8. Property, Plant and Equipment P 9,826,630 P 14,602,120 This consists of fixed asset acquired by the Institute and those held-in-trust which are utilized in the execution of 10. Equity various research projects. The account is broken down as Details of the equity is presented below: follows: 2003 2002 2003 2002 Government Equity Leasehold Improvements P 1,881,324 P 1,706,884 Endowment Fund P 225,140,725 P 217,840,725 Fire Fighting Equipment 2,037 2,037 Investment Surplus IT Equipment 13,540,747 12,157,687 -Held in Trust 2,496,571 3,787,962 Communication Equipment 71,581 22,561 Donated Capital–Capital Assets 1,534,303 1,952,678 Motor Vehicle and Accessories 3,975,085 3,975,085 Donated Capital Office Equipment 1,527,982 1,490,632 –Printing and Publications 1,636,913 1,367,020 Furniture and Fixtures 1,555,432 1,585,939 230,808,512 224,948,385 Books 435,403 387,992 Retained Operating Surplus PPE - Held in Trust 2,496,571 3,787,962 Balance beginning 117,256,693 115,480,532 PPE – In Transit - 3,643,714 Income for the Period 574,140 3,273,575 Total 25,486,163 28,760,493 Fundamental Errors (2,636,001) (1,497,414) Less Accumulated 115,194,832 117,256,693 Depreciation 15,888,716 15,161,241 P 346,003,344 P 342,205,078 Net Book Value P 9,597,447 P 13,599,252 The endowment fund represents the total funds released 9. Trust Liabilities – Miscellaneous by the Bureau of Treasury thru the Department of Budget Details of the trust liabilities-miscellaneous are as follows: and Management for PIDS Endowment Fund which was established under Presidential Decree No. 1201, charter 2003 2002 creating the Institute, purposely to be invested, the earn- BAR – Targetting Technology P - P 79,706 ings of which shall be used in the research operations of BAR – SSSPR PAF 5,462,984 7,341,045 the Institute. BAR – A Comp. Assessment 1,832,905 5,899 BAR – Economic Methodology Proj. - 219,868 III. Income Statement BAR – AFRMAP - 766,715 11. Subsidy Income from National Government BAR – RDE Network - 18,845 This represents the subsidy received from the national DAP-MNAAP II - 27,845 government for operating expenses in support to the DOH - 29,687 research operation of the Institute ILO Project - 11,525 LAVAL UNIVERSITY - 642,145 12. Sale of Publications PASCN PROPER 1,519,105 3,692,094 This represents the proceeds from sale of various articles PIDS/PASCN published by the Institute both sold in house and through Competition Policy Proj. 200,000 448,274 consignment. 49 Philippine Institute for Development Studies

13. Telephone and Internet the Regional Fora/Consultation Meetings conducted by The amount represents the cost of monthly rental for PLDT the Research Information Staff in connection with the telephone lines including charges for official long distance dissemination program of the Institute. calls and cost of monthly service fee for the Institute’s internet service provider (Eastern Telecoms) with service 15. Other Expenses description as follows: This account consists of the following objects of expendi- tures: Product/Service: SDSL Corporate Pro Bandwith Burstable Rate: 1024Kbps 2003 2002 Committed Info Rate Cost of Complimentary P 566,021 P 1,654,840 /Transmission Speed: 128Kbps Health Maintenance 424,821 299,625 Athletic/Cultural 113,984 106,551 14. Travelling Expenses Miscellaneous 99,100 106,823 The amount represents mainly the cost of travel incurred in P 1,203,926 P 2,167,839

Annex K Dr. William G. Padolina Board of Trustees Deputy Director-General International Rice Research Institute Chairman Hon. Romulo L. Neri Amb. Edgardo B. Espiritu Secretary, Socioeconomic Planning Special Envoy to Multilateral and Bilateral Financial Director-General, National Economic and Development Institutions Authority Dr. Mario B. Lamberte Members President, PIDS Dr. Ledivina V. Cariño Professor, National College of Public Administration and Governance, University of the Philippines

Annex L Mr. Democrito T. Mendoza Local Advisory Board President, Trade Union Congress of the Philippines

Dr. Felipe B. Alfonso Hon. Felicito C. Payumo Former President, Asian Institute of Management Chairman, Subic Bay Metropolitan Authority

H. E. Gloria Macapagal – Arroyo Mr. Washington Sycip President, Republic of the Philippines Chairman, The SGV Group

Mr. Jaime Zobel de Ayala Hon. Margarito Teves Chairman and President, Ayala Corporation President, Land Bank of the Philippines

Mr. Amando Doronila Dr. Alberto P. Fenix, Jr. Editorial Consultant, Philippine Daily Inquirer Past President, Philippine Chamber of Commerce and Industry Dr. Placido L. Mapa President, Bankers Association of the Philippines Dr. Raul V. Fabella Dean and Professor, School of Economics 50 University of the Philippines 2003 PIDS Annual Report

Annex M Ms. Jennifer P. T. Liguton Management Committee Research Information M.A. Mass Communication President University of the Philippines - Diliman Dr. Mario B. Lamberte Ph.D. Economics, University of the Philippines Ms. Andrea S. Agcaoili Postdoctoral, Stanford University Operations and Finance (money and banking, international finance, development M.A. Business Administration economics) Philippine Christian University

Vice-President Legal Consultant Dr. Gilberto M. Llanto Atty. Roque A. Sorioso Ph.D. Economics, University of the Philippines Bachelor of Laws (money and banking, public finance, international trade) University of the Philippines – Diliman

Directors

Mr. Mario C. Feranil Project Services and Development M.A. Economics (Candidate) University of the Philippines – Diliman

Annex N Dr. Erlinda M. Medalla Research Staff Ph.D. Economics, University of the Philippines Postdoctoral, Yale University Dr. Marife M. Ballesteros (trade and industrial policy) Ph.D. Social Sciences, University of Nijmegen (economic anthropology, housing and urban Dr. Ma. Melanie R.S. Milo development issues) Ph.D. Economics, Australian National University (money and banking, international macroeconomics) Dr. Caesar B. Cororaton Ph.D. Economics, Clark University Dr. Aniceto C. Orbeta Jr. (applied general equilibrium modeling, Ph.D. Economics, University of the Philippines total factor productivity estimation, trade Postdoctoral, Harvard University and poverty) (demographic economics, social sector issues, applied economic modeling, information and communication Dr. Cristina C. David technologies) Ph.D. Agricultural Economics, Stanford University (agricultural economics) Dr. Gloria O. Pasadilla Ph.D. Economics, New York University Dr. Danilo C. Israel (on leave) (International trade, financial services and international Ph.D. Economics, Clemson University legal framework, regional integration, competition Post-doctoral, University of British Columbia policy and regulation, international macroeconomics) (resource and environmental economics, fisheries economics) Dr. Celia M. Reyes Dr. Rosario G. Manasan Ph.D. Economics, University of Pennsylvania Ph.D. Economics, University of the Philippines (econometric modelling, poverty analysis) Postdoctoral, Massachusetts Institute of Technology (public finance, decentralization, education) 51 Philippine Institute for Development Studies

Dr. Josef T. Yap Visiting Research Fellow Ph.D. Economics, University of the Philippines Dr. Eliseo R. Ponce Post-doctoral, University of Pennsylvania Ph.D. Agricultural Extension (Research and Statistics) (econometric modelling, macroeconomic policy) (major) and Rural Sociology (minor), Ohio State University, Columbus, Ohio, USA M.A. Teaching Chemistry, University of the Philippines (agricultural economics)

Annex O Ma. Teresa S. Dueñas-Caparas Research Associates Ph.D. candidate, Economics of Technology and Technical Change, University of Maastricht Rafaelita A.M. Aldaba Diploma in Advanced International Economics, Kiel M.A. Economics, University of the Philippines School of lnstitute of World Economics Economics (UPSE) M.A. Economics, University of the Philippines Ph.D. Candidate, UPSE (trade and technology) Advanced Studies Program in International Economic Policy Research, Kiel lnstitute of World Economics Mari-Len Reyes-Macasaquit (trade and industrial policy) BA Public Administration, University of the Philippines College of Public Administration Leilanie Q. Basilio M.A. International Development Studies, National Gradu- BA Economics (magna cum laude), University of the ate Institute for Policy Studies, Tokyo Philippines School of Economics M.A. Public Administration (Candidate), University of the M.A. Economics, Australian National University Philippines National College of Public Administration and Governance

Annex P Dr. Antonio Sumbalan Affiliated Researchers and Institutions Bukidnon Provincial Government

Fernando Aldaba Alma dela Cruz Leonardo Lanzona Central Luzon State University Ellen Palanca Rosalina Palanca-Tan Antonio Contreras Wilma Tejero Anthony Chui Rachel Racelis Tara Donozo Lydia Yu-Jose Junette Perez Ateneo de Manila University Tereso Tullao Jr. De la Salle University - Manila Cielito F. Habito Ateneo Center for Economic Research and Development Food and Nutrition Research Institute (FNRI) (ACERD) Ronald Rodriguez Royce Escolar Foreign Service Institute, Department of Foreign Affairs Asian Institute of Management Policy Center Department of Finance (DoF) Bureau of Agricultural Statistics (BAS) Development Academy of the Philippines (DAP) 52 2003 PIDS Annual Report

Institute of Developing Economies – Japan External Trade Carl Vincent Nadela Organization (IDE-JETRO) Epictetus Patalinghug Susan Solis International Labor Organization (ILO) Taeko Yasutake University of the Philippines - Diliman Gonzalo Jurado Kalayaan College Jhoanna Alcalde Catherine Aragon Philippine Rice Research Institute (PhilRice) Amelia Bello Jose Camacho Jr. Jessica Salas Gideon Carnaje Philippine Watershed Management Coalition (PWMC) Agham Cuevas Jovelyn Du-Quiton Population Commission (PopCom) Dulce Elazegui Herminia Francisco Elvira Adan Nino Manalo Habib Macaayong Arturo Pacificador Grace Majorenos Agnes Rola Eugenio Manulat Zenaida Sumalde Ali Panda Tito Contado Mindanao State University Rodger Valientes University of the Philippines – Los Baños Edwin Combalicer Nueva Vizcaya Institute of Science and Technology Jinky Leilani Lu University of the Philippines – Manila Office of Senator Sergio Osmeña III Larry Digal Vel Suminguit University of the Philippines – Mindanao Sustainable Agriculture and Natural Resource Management Collaborative Research Support Program Jose Eleazar Bersales (SANREM) Victorina Zosa University of San Carlos John Lawrence Avila Peter Lee U United Nations Department of Economic and Social Affairs Ferdinand Maquito (UNDESA) George Manzano Gloria Pasadilla United Nations Development Programme (UNDP) Winston Conrad Padojinog Cherrylyn Rodolfo UPLB Foundation Mirshariff Tillah University of Asia and the Pacific University of Laval, Quebec

Grace Roldan Jonas Bautista University of the Philippines - Cebu Faith Cacnio Violeta Cordova Florian Alburo Eugenio Inocentes III Emmanuel Alfiler Ma. Chelo Manlagñit Reil Cruz Ruben Mercado Alejandro Herrin Alexander Michael Palma Gabrielle Iglesias In their own capacity 53 Philippine Institute for Development Studies

Annex Q Audit Certificate

INDEPENDENT AUDITOR'S REPORT

The Board of Trustees PIDS Provident Fund, Inc. 106 Amorsolo Street NEDA Sa Makati Bldg. Makati City

I have audited the accompanying Statement of Financial Condition of PIDS Provident Fund, Inc. as of Decem- ber 31, 2003 and the related Statements of Operations and Cash Flows for the year then ended. These Financial Statements are the responsibility of the Provident Fund's management. My responsibility is to express an opinion in these financial statements based on my audit.

I conducted my audit in accordance with generally accepted auditing standards. Those standards require that I plan and perform the audit to obtain reasonable assurance that the financial statements are free from material misstatement/s. My audit included examining on a test basis, evidences supporting the amount and disclosures in the financial statements. I also included assessing the accounting principles used and significant estimates made by the management as well as evaluating the overall financial statements presentation. I believe that my audit provides reasonable basis for my opinion.

In my opinion, the financial statements referred to above present fairly in all material respects, the financial position of PIDS Provident Fund, Inc. as of December 31, 2003, and the results of operations and cash flows, for the year then ended, in conformity with generally accepted accounting principles.

Certified Public Accountant PTR No. 88075550A Date: January 31, 2004

March 17, 2004

54 2003 PIDS Annual Report

Annex R PIDS Provident Fund Inc. Comparative Statement of Financial Condition As of December 31, 2003 and 2002

See accompanying Notes to Financial Statements (Annex U).

55 Philippine Institute for Development Studies

Annex S PIDS Provident Fund, Inc. Comparative Statement of Operations For the years ended December 31, 2003 and 2002

See accompanying Notes to Financial Statements (Annex U).

Annex T PIDS Provident Fund, Inc. Statement of Cash Flows As of December 31, 2003

56 2003 PIDS Annual Report

Annex U 6. Dividends Payable Notes to PIDS Provident Fund’s This account represents the unpaid dividends as of Financial Statements CY 2002 to be distributed to the members upon secession of their membership from the Fund. 1. Cash in Bank This account represents the current account being 7. Fund Balance maintained with the Land Bank of the Philippines or This pertains to the total fund balance consisting of : the PIDS Provident Fund Account no. 0052-1272-11. (a) contributions to the fund by the PIDS and Fund members; (b) equity fund or the initial funding of 2. Accrued Interest Receivable the Fund amounting to P2.0million as authorized by This account represents interest earned as of Decem- the PIDS Board of Trustees per PIDS Board Resolu- ber 31, 2003 but to be collected only upon maturity of tion No. 97-05 dated July 24, 1997; and (c ) fund the investment. earnings consisting of the General Reserve Fund or that percentage of earnings of the Fund set aside for 3. Short-Term Investments specific purposes and the unappropriated net earn- This account represents investments with the Bureau ings. of Treasury which will mature within one year, broken down as follows: 8. Interest Income on Investments This represents the interest earned from investments Maturity Date Rate Tenor Cost Maturity in Treasury Bills and Treasury Bonds. in % (days) of Investment Value T-Bills: 9. Interest Income from Bank 25 Feb. 2004 5.8788 90 1,084,067.46 1,100,000 This represents income from interest earned from 25 Feb. 2004 6.3750 77 494,619.20 500,000 savings/current account for CY 2003. 29 Sep. 2004 6.5124 364 1,032,042.48 1,100,000 27 Oct. 2004 7.0956 364 933,058.29 1,000,000 10. Trustees and Committee Members’ Fee TOTAL P 3,543,787.43 P 3,700,000 This represents per diem of Board of Trustees paid as of December 30, 2003. 4. Long-Term Investments This account represents investments with the Bureau 11. Honorarium of Treasury which matures beyond one year, broken This represents honorarium of Secretariat paid as of down as follows: December 30, 2003.

Maturity Date Rate Tenor Carrying Maturity 12. Professional Fee in % (years) Amount Value This account represents professional fee for the T-Bonds: conduct of audit of financial statements for CY 2002. 25 Mar. 2004 14.0000 5 1,000,836.30 1,000,000 24 Oct. 2004 7.9875 2 1,704,198.34 1,700,000 13. Miscellaneous Expense 9 Dec. 2004 12.7125 3 1,200,000.00 1,200,000 This represents annual registration with Bureau of 30 Oct. 2005 7.8750 2 1,000,000.00 1,000,000 Internal Revenue for CY 2003 and photocopy 11 Oct. 2011 14.8500 10 1,742,840.00 1,600,000 charges. TOTAL P 6,647,874.64 P 6,500,000

5. Miscellaneous Payable This account represents accrual of honorarium for the month of December 2003. 57 Philippine Institute for Development Studies

Annex V PIDS Employees Association Statement of Financial Condition As of December 31, 2003

ASSETS Cash in Bank 10,001.79 Miscellaneous Receivables 6,800.00 TOTAL 16,801.79

LIABILITIES Liabilities -

Fund Balance Fund Earnings Income - Prior Year 11,834.13 Income - Current Year 4,967.66 TOTAL 16,801.79

Annex W PIDS Employees Association Statement of Operations For the period ending December 31, 2003

INCOME Members Contribution 5,4000.00 Interests 120.83 TOTAL 5,520.83

LESS EXPENSES Repair of Room 208 250.00 Snacks for CNA Re: Meeting 194.00 Expenses for Resource Speaker 85.00 Service Charge/Withholding tax 24.17 Total 553.17

NET INCOME 4,967.66

58 Annual Report Editorial Staff: Mario B. Lamberte, Gilberto M. Llanto, Mario C. Feranil, Jennifer P.T. Liguton, Andrea S. Agcaoili, Roque A. Sorioso, Editorial Advisory Board; Jennifer P.T. Liguton, Editor-in-Chief; Genna J. Estrabon, Associate Editor; Sheila V. Siar, Jane C. Alcantara, Ma. Gizelle G. Manuel, Claudette G. Santos, Produc- tion Staff; Valentina V. Tolentino, Rossana P. Cleofas, Exchange; Delia S. Romero, Galicano A. Godes, Necita Z. Aquino, Alejandro Manalili, Circulation; Edwin S. Martin Photography; Genna J. Estrabon, Design and Layout