DOCSLIB.ORG

New Trade Routes Philippines

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
New Trade Routes Philippines FT SPECIAL REPORT New Trade Routes Philippines Wednesday November 18 2015 www.ft.com/reports | @ftreports Inside Interview State strives to lose ‘sick man’ tag The central bank governor discusses the virtues of being an Next year’s election is cent of GDP next year from 3 per cent in 2014. In particular, economists praise official spoilsport unlikely to send growing the public private partnership (PPP) Page 2 economy off course, programme, which enables private- sector involvement in the financing, The world’s back office writes Avantika Chilkoti construction and operation of infra- The extraordinary rise structure. About 10 projects, worth a total of $4.2bn and ranging from roads and rise of business iththickstonewallsand toschools,havebeenawardedalready. process outsourcing a stagnant lily pond at “ThetruevalueofPPPliesintheman- page 2 its feet, the main gate of agement expertise and the technology Fort Santiago in central access that the private sector has,”says The middle class W Manila is an imposing Cesar Purisima, finance secretary. “In a structure.Thefortificationsarepartofa country like the Philippines, where gov- Why newly-wealthy historic walled city that has been trans- ernment public servants are really not consumers think it is formed again and again through waves paid that well, it is hard to attract the time to shift the policy of occupation. It has served at various rightpeopletoruninfrastructure.” times as both a Spanish fort and US While the economy booms, political focus away from poor armyheadquarters. and social tensions persist across the Page 2 Nearly 70 years after the country won vast archipelago. Investment in the independence from the US, the Philip- resource-rich region of Mindanao in the Economic data pines is known for a cosmopolitan pop- south is blighted by conflict linked to ulation that has helped the economy to Muslim separatist groups. And as terri- The Philippines’ resist shocks, including a softening of torial disputes in the South China Sea economy, new industry, commodity prices and China’s slow- heat up, Edwin Lacierda, the presiden- consumers, and poverty down. English-speaking Filipinos with tial spokesperson, admits the country is perfect American twangs work at 24- relatively powerless against the Chinese in numbers hour call centres, driving growth in the “behemoth”. Page 3 $18.9bnITservicesindustry. The Philippines will go to the polls As well as Manila’shistorical sites, the next year against this backdrop of archipelago’s7,000islandsattractinter- impressive growth and political pres- national tourists. And a 10m-strong sure. The constitution prevents Mr diaspora stretching from the US to the Aquinofromstandingforasecondterm On FT.com Middle East sends home money that but economists say the policy agenda fuelsconsumerspending. will not change, regardless of who takes Slideshow: Official data suggest growth in the over. Philippines will edge up to 6.3 per cent “Obviously a new administration is Power generation this year, while the wider Asia-Pacific going to want to put its own interpreta- The case for making a regionwillslowtojust4.1percent. Presidential dictators and a corrupt elite, President says Shanaka Jayanath Peiris, the IMF’s tion or spin on programmes, but in tidal change in Economists believe there is little risk hopeful: Benigno Aquino came to power in 2010 representativetothePhilippines.“They terms of the key areas, like infrastruc- that next year’s general election will senator Grace pledging to put the Philippines on the have just been behaving and behaving ture, they know this is critical to keep renewable energy derailthisstandoutperformance. Poe, centre, with “straightpath”ofgoodgovernance. foralongtime.” growth going,”says Richard Bolt, coun- ft.com/oceanenergyph “We have . been able to keep our a group of Government debt has dropped from Aside from a push against corruption The country try head at the Asian Development own house in order,” explains Amando independent about 60 per cent of GDP to less than that included the incarceration of is relatively Bank. “It’s very hard to dramatically Consolidation of banks Tetangco, the central bank governor. politicians 50 per cent since the administration former President Gloria Macapagal unravelthat.” “We have adopted prudent macroeco- MARK R. CRISTINO/EPA took the reins. The Philippines’ credit Arroyo, Manila has introduced hard- powerless Although analysts marvel at recent is long overdue nomic policies and implemented struc- rating has been upgraded repeatedly. hitting economic reforms. Tax collec- against the growth in the Philippines, there are Profits likely to rebound, tural reforms that will make our growth And, in shoring up government tion has improved, children are to stay changes all are keen to see. The admin- say data from FT sustainableevenbeyondnextyear.” finances, the country has lost its ”sick in school for an extra two years until Chinese istration has opened up banking to 100 After decades during which the manofAsia”label. theyare18,andthegovernmentaimsto ‘behemoth’ per cent foreign investment, for Confidential Research country was controlled by spendthrift “They have been very good students,” raise infrastructure investment to 5 per Continuedonpage2 ft.com/philippinebanks Tides of visitors bring in the High-profile women mask wider cash — but vices arrive too discrimination difficulties at work Gender equality “Not once did I ever think that I was not outsourcing jobs in the Philippines, 60 the same as a man until I came to the per cent of the workforce is female. Philippines,”shesaid. MarifeZamora,chairofConvergysPhil- Tourism Rates of female participation When she assumed the role of chief ippines, says family support helped her in education, politics and executive in 1981, the task of building raise her two children while focusing on Revenues soar but some fear business disguise broader business ties involved golfing and over- herwork. environmental damage and night trips with clients. Discouraged Her only regret is not having spent problems, says Kana Inagaki that she could not play the same games moretimewithherchildren.Worktook the rise of gambling, reports as her competitors, Ms Ho suggested her away from home for weeks on end, Avantika Chilkoti that her father bring in her brother to whether for training sessions, client When it comes to compiling a list of run the business. Married at the time to meetings,orlatenightsspentwritingup powerfulwomen,thereisnoshortageof an American banker, she remembers proposalsforcontracts.“Evenuptothis A few hours’ drive south of Manila, in namesinthePhilippines. feeling liberated only after her father’s time, I am hounded by guilt,” Ms the coastal town of Anilao, visitors find The country has had two female words of advice: “Don’t be what you’re Zamorasays. something rare: not just rainbow coral presidents. Grace Poe, the frontrunner not because you will fail. Just be what Some experts say the high rates of but areas where reefs are growing. to become the next president, could be youareandthat’sit.” female participation in education, poli- Decades of unsustainable fishing and the third, and Kim Henares, the After her divorce, Ms Ho sent her tics and business in the country mask pollution have destroyed underwater country’s most feared tax collector in children to boarding school in the US as the challenges many women still face in habitats around the world but, with the the battle against corruption, is also it became hard to balance her career thePhilippines. riseoftourism,communitiesinthePhil- amongthearrayofprominentFilipinas. with family life. To spare her employees According to the latest gender gap ippinesarenowconservingthecoastline High on this list is Doris Magsaysay from having to make similar difficult indexpublishedbytheWorldEconomic that lures big-spending divers and sun Ho, the 64-year-old shipping magnate decisions, Ms Ho is experimenting with Forum, the Philippines is ranked ninth worshippers. who runs the Magsaysay group and is tools to give staff a better work-life-bal- out of 142 countries surveyed. It is the Resorts have been “mushrooming”, one of the country’s best-known ance: support for carers, assistance in only Asian country to have made it into says Joyce Villarosa, manager at the Going with the flow: the coral is being conserved for big-spending divers — Alamy businessleaders. financial planning and devices to watch the ranking of the world’s 10 most gen- Aiyanar resort in Anilao. “It’s a chance Herexperienceofrunningacompany overchildrenremotely. der-equalcountries. for the local people to have a job, so that C Enerio III, president of the Tourism for bringing up the numbers in terms of in the male-dominated shipping indus- Shehopesadvancesintechnologywill Moreover, enrolment in secondary meanslessfishing.” Promotions Board, says the govern- length of stay and average spend,” Mr tryhasshapedherviewsontheempow- allow her employees to work at home school for women stands at 67 per cent, Beyond eco-tourism, tourist arrivals ment’s marketing budget has almost Enerio explains. “Now when a lot of ermentofwomeninthePhilippines. instead of spending three hours snarled higher than the figure for men, which is to the archipelago are booming. “This is doubledinthepastfewyears. these communities arrive in Manila, “I think a lot about women in the upintraffictoreachtheoffice. 56 per cent. “When you talk about gen- a labour-intensive industry, and Filipi- As promotional videos on YouTube they won’t stay at [their old] home, workforce,”
Load more

Recommended publications
  • Between Rhetoric and Reality: the Progress of Reforms Under the Benigno S. Aquino Administration
    Acknowledgement I would like to extend my deepest gratitude, first, to the Institute of Developing Economies-JETRO, for having given me six months from September, 2011 to review, reflect and record my findings on the concern of the study. IDE-JETRO has been a most ideal site for this endeavor and I express my thanks for Executive Vice President Toyojiro Maruya and the Director of the International Exchange and Training Department, Mr. Hiroshi Sato. At IDE, I had many opportunities to exchange views as well as pleasantries with my counterpart, Takeshi Kawanaka. I thank Dr. Kawanaka for the constant support throughout the duration of my fellowship. My stay in IDE has also been facilitated by the continuous assistance of the “dynamic duo” of Takao Tsuneishi and Kenji Murasaki. The level of responsiveness of these two, from the days when we were corresponding before my arrival in Japan to the last days of my stay in IDE, is beyond compare. I have also had the opportunity to build friendships with IDE Researchers, from Nobuhiro Aizawa who I met in another part of the world two in 2009, to Izumi Chibana, one of three people that I could talk to in Filipino, the other two being Takeshi and IDE Researcher, Velle Atienza. Maraming salamat sa inyo! I have also enjoyed the company of a number of other IDE researchers within or beyond the confines of the Institute—Khoo Boo Teik, Kaoru Murakami, Hiroshi Kuwamori, and Sanae Suzuki. I have been privilege to meet researchers from other disciplines or area studies, Masashi Nakamura, Kozo Kunimune, Tatsufumi Yamagata, Yasushi Hazama, Housan Darwisha, Shozo Sakata, Tomohiro Machikita, Kenmei Tsubota, Ryoichi Hisasue, Hitoshi Suzuki, Shinichi Shigetomi, and Tsuruyo Funatsu.
    [Show full text]
  • Reproductive Health Bill
    Reproductive Health Bill From Wikipedia, the free encyclopedia Intrauterine device (IUD): The Reproductive Health Bill provides for universal distribution of family planning devices, and its enforcement. The Reproductive Health bills, popularly known as the RH Bill , are Philippine bills aiming to guarantee universal access to methods and information on birth control and maternal care. The bills have become the center of a contentious national debate. There are presently two bills with the same goals: House Bill No. 4244 or An Act Providing for a Comprehensive Policy on Responsible Parenthood, Reproductive Health, and Population and Development, and For Other Purposes introduced by Albay 1st district Representative Edcel Lagman, and Senate Bill No. 2378 or An Act Providing For a National Policy on Reproductive Health and Population and Development introduced by Senator Miriam Defensor Santiago. While there is general agreement about its provisions on maternal and child health, there is great debate on its key proposal that the Philippine government and the private sector will fund and undertake widespread distribution of family planning devices such as condoms, birth control pills(BCPs) and IUDs, as the government continues to disseminate information on their use through all health care centers. The bill is highly divisive, with experts, academics, religious institutions, and major political figures supporting and opposing it, often criticizing the government and each other in the process. Debates and rallies for and against the bill, with tens of thousand participating, have been happening all over the country. Background The first time the Reproductive Health Bill was proposed was in 1998. During the present 15th Congress, the RH Bills filed are those authored by (1) House Minority Leader Edcel Lagman of Albay, HB 96; (2) Iloilo Rep.
    [Show full text]
  • World Bank Document
    OFFICIAL - ol'4 3 DOCUMENTS The World Bank 1818 H Street NW (202) 477-1234 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Washington, D.C 20433 Cable Address INTBAFRAD INTERNATIONAL DEVELOPMENT ASSOCIATION U.S A Cable Address INDEVAS Public Disclosure Authorized February 22, 2016 Honorable Cesar Purisima Secretary of Finance Department of Finance 6/F Department of Finance Building Bangko Sentral ng Pilipinas Complex Roxas Boulevard. Manila Republic of the Philippines Public Disclosure Authorized Dear Secretary Purisima: Republic of the Philippines:Studies for Sustainable Flood Management Project PH-PTF Grant No. TF017736 Partial Cancellation of Grant and Amendment to the Grant A,greement We refer to the Grant Agreement between the Republic of the Philippines (the "Recipient") and the International Bank for Reconstruction and Development (the "World Bank"), acting as administrator of the Australia World Bank Philippines Development Trust Fund, dated February 2, 2015 (the "Grant Agreement") for the above-referred project (the "Project"). We also refer to your letter dated December 14, 2015 (received by the World Bank on December 15, 2015), requesting partial cancellation of the undisbursed amount of the above- captioned Grant and requesting the restructuring of the Project. Public Disclosure Authorized In view of the foregoing, and pursuant to Section 4.01 of the Standard Conditions for Grants applicable to the Grant Agreement, the Bank hereby cancels, as of December 15, 2015, the amount of US$ 3.8 million from Category I as set forth in Section IVA2 of Schedule 2 to the Grant Agreement. The withdrawal table set forth in Section IVA2 of Schedule 2 to the Grant Agreement has been revised accordingly and the revised withdrawal table is attached to this letter as Attachment 1.
    [Show full text]
  • (Php 1.8BILLION) for HEALTH SECTOR REFORM EURO
    EUROPEAN UNION Delegation of the European Union to the Philippines 12 August 2014 EU AND THE PHILIPPINES SIGN FINANCING AGREEMENT PROVIDING FOR € 30MILLION GRANT (Php 1.8BILLION) FOR HEALTH SECTOR REFORM The European Union (EU) and the Philippines signed the Philippines Health Sector Reform Contract (PHSRC) on 30 July 2014.This is the third EU funded program to support the Philippine Health Sector Reform Agenda. Under this agreement, the EU will provide a € 30 million or Php1.8 billion grant to generally support Philippine Government initiatives in developing the country’s health sector. Of the € 30 million, the grant covers a budget support of € 20.5 million directly channelled to the National Treasury, a complementary component of€ 9.5 million aimed at funding various technical assistance and capacity building programs to strengthen DOH’s health delivery systems. The signing of the agreement increases the total support of the EU to the health sector to a total of € 118 million or approximately Php7.2 billion between 2006 and 2018.EU has continuously supported DOH programs that have achieved remarkable progress over the past years. Based on DOH data, noteworthy is the decline in child mortality from 58 in 1998 to 30 deaths per 1000 live births in 2011; the increase in the population's insurance coverage from 62% in 2010 to 83% in 2012 of which 53% come from the poorest and most vulnerable families in the country.Furthermore,27 provinces have been declared malaria free, and the proportion of people infected with HIV and AIDS has remained below 1% of the population.
    [Show full text]
  • Philippine Weeklyphilippine Update
    Philippine WeeklyPhilippine Update WEEKLY UPDATE WE TELL IT LIKE IT IS VOLUME VI, NO. 19 May 18 - 22, 2015 _______ ___ _ ____ __ ___PHIL. Copyright 2002 _ THE WALLACE BUSINESS FORUM, INC. accepts no liability for the accuracy of the data or for the editorial views contained in this report.__ Political "Quotes VP Binay willing to answer AMLC allegations in court of the Week" The camp of Vice President Jejomar Binay is willing to appear in court and face allegations stemming from the Anti-Money Laundering Council's (AMLC) report. The AMLC earlier published a report listing 242 bank accounts, investments and insurance policies under the “It’s not about politics. It’s about name of Vice Pres. Binay, his family and his friends. Vice Pres. Binay’s camp is set to oppose the application of the rules in the the freeze order of the Court of Appeals over his alleged anomalous bank accounts. His camp Senate.” also maintained that publishing the AMLC report was illegal and should not be used as an instrument for political harassment. According to them, the AMLC report is misleading since Presidential Spokesperson Vice Pres. Binay only owns 5 of the 242 listed bank accounts. Edwin Lacierda on the accusation made by the Vice President’s camp Binay slams LP for arrest of 14 aides that the administration was behind The Senate on Tuesday ordered the arrest and detention within 24 hours of 14 aides and the Senate’s arrest order. business associates of Vice President Jejomar Binay for snubbing hearings into corruption allegations against him.
    [Show full text]
  • Hon. Cesar Purisima Secretary of Finance Department of Finance Department of Finance Building Roxas Boulevard 1004 Metro Manila Philippines
    Hon. Cesar Purisima Secretary of Finance Department of Finance Department of Finance Building Roxas Boulevard 1004 Metro Manila Philippines Cc: Rosalia V.De Leon, Mr Cayetano W.Pederanga Jr., Mr Rolando G. Tungpalan. 10 th October 2011 Dear Secretary Purisima, Delivering aid transparency at the High Level Forum on Aid Effectiveness, Busan, 29 Nov – 1 Dec 2011 We, the undersigned agencies, networks and organisations, are writing to ask for your support in ensuring that donors reaffirm and deepen their commitments on aid transparency at the Fourth High Level Forum (HLF-4) on Aid Effectiveness in Busan. In this letter we set out why aid transparency is needed now; what we believe is achievable at Busan and in the Working Party on Aid Effectiveness process; and what we would like you to do before Busan. The recent Evaluation of the Paris Declaration and the Monitoring Survey emphasize that transparency is the indispensable foundation for aid effectiveness and mutual accountability. Although donors and partner countries acknowledged this in 2008 by making several aid transparency commitments under the Accra Agenda for Action (AAA), the pace and extent of change, particularly regarding transparency for development results, has been “mostly slow to moderate”. 1 Public support for the “Make Aid Transparent” Campaign – already supported by 97 organisations and with thousands of signatures from 125 countries – shows how people around the world want their governments to deliver on these commitments. As you know, off-budget aid flows have long been a challenge for partner countries in planning, budgeting and managing more effectively for domestic development expenditures.
    [Show full text]
  • A Quarterly Publication for LANDBANK's Clients and Partners
    HARVEST HARA quarterly publicationVEST for LANDBANK’s Clients and Partners A quarterly publication for LANDBANK’s Clients and Partners VVol.ol. IX, IX, No. No. 3 1 Sept Aprilember 2014 2014 It’s not just our tagline, it’s our promise. To our clients, partners, stakeholders. To the Filipino people and our country. We’re not just a bank, concerned with merely profits. We’re about growing a nation and its people from the ground up. We’re about sustainable development and preserving the environment. We’re about empowering the countryside, helping farmers, fishers and small entrepreneurs. Because we believe that the only way we can truly succeed is by GROWING TOGETHER. HARVEST Magazine September 2014 WHAT’S INSIDE Page 3 Awards & Recognitions • LANDBANK is named most sustainable bank in the country • LANDBANK recognized with second HARVEST A quarterly publication for LANDBANK’s Clients and Partners Karlsruhe Sustainable award Vol. IX, No. 1 April 2014 Page 4 Partnerships at Work • Cashless payments now available for immigration fees • LANDBANK brings new loan options for DepEd employees Page 5 Cover Story It’s not just our tagline, it’s our promise. Helping the country grow To our clients, partners, stakeholders. To the Filipino people and our country. We’re not just a bank, concerned with merely profits. We’re about growing a nation and its people from the ground up. Page 9 We’re about sustainable development and preserving the environment. Branch Banking News & Updates We’re about empowering the countryside, helping farmers, fishers and small entrepreneurs. • Now in your neighborhood Because we believe that the only way we can truly succeed is by GROWING TOGETHER.
    [Show full text]
  • Focus on the Philippines Yearbook 2010
    TRANSITIONS Focus on the Philippines Yearbook 2010 FOCUS ON THE GLOBAL SOUTH Published by the Focus on the Global South-Philippines #19 Maginhawa Street, UP Village, Diliman, Quezon City, Philippines Copyright@2011 By Focus on the Global South-Philippines All rights reserved. The contents of this publication may be reproduced, quoted or used as reference provided that Focus, as publisher, and the writers, will be duly recognized as the proper sources. Focus would appreciate receiving a copy of the text in which contents of this publication have been used or cited. Statistics and other data with acknowledged other sources are not properties of Focus Philippines, and thus permission for their use in other publication should be coordinated with the pertinent owners/offices. Editor Clarissa V. Militante Assistant Editor Carmen Flores-Obanil Lay-out and Design Amy T. Tejada Contributing Writers Walden Bello Jenina Joy Chavez Jerik Cruz Prospero de Vera Herbert Docena Aya Fabros Mary Ann Manahan Clarissa V. Militante Carmen Flores-Obanil Dean Rene Ofreneo Joseph Purruganan Filomeno Sta. Ana Researcher of Economic Data Cess Celestino Photo Contributions Jimmy Domingo Lina Sagaral Reyes Contents ABOUT THE WRITERS OVERVIEW 1 CHAPTER 1: ELECTIONS 15 Is Congress Worth Running for? By Representative Walden Bello 17 Prosecuting GMA as Platform By Jenina Joy Chavez 21 Rating the Candidates: Prosecution as Platform Jenina Joy Chavez 27 Mixed Messages By Aya Fabros 31 Manuel “Bamba” Villar: Advertising his Way to the Presidency By Carmina Flores-Obanil
    [Show full text]
  • SLI Christmas 2015
    Page 06 July - December 2015 / Volume 3 & 4/ Issue No. 2 SLI Christmas 2015 Deck the Halls at SYDENHAM Christmas at Sydenham is the time to be creative and innovative for the holiday ornament August- December 2015 / Volume 3 & 4 / Issue No. 2 design contest dubbed as “Deck the Halls”. Each department was given a theme (The Nativity, Benedict Berse Paskong Pinoy, A Throwback Christmas, White Christmas, Christmas Masquerade, Color Burst, December 2015 Winter Wonderland and Magical Holiday) and decorate their designated area with Christmas ornaments made from recycled materials and non-expensive decors. Production Department was proclaimed 1st Prize, while SPI/MCC/Finance (LP) and Business Planning Group won 2nd SYDENHAM Names Loyalty Service Awardees and 3rd prize respectively during the SLI Christmas Party held last December 23, 2016 at the SLI Sydenham Laboratories recently gave recognition to its loyal employees celebrating their 15th, 10th and 5th year in the compa- Grounds, Dasmariñas Cavite. ny. Twenty eight employees has been awarded by Mr. John A. Peña, General Manager for Operations and Mr. Roberto V. Bautista, 1st 2nd 3rd Renante Rabina General Manager and Chief Operating Officer during the SLI Annual Christmas Party last December 23, 2016 at the SLI Grounds, November 2015 Dasmariñas Cavite. A plaque and a cash gift was given as a token of gratitude for their unwavering service throughout the years. Jayson Tongco October 2015 Rodolfo Genoveza September 2015 Michelle Dadivas August 2015 15 Years Service Awards Jenno Mark Batino July 2015 10 Years Service Awards 5 Years Service Awards Find the hidden words in the puzzle.
    [Show full text]
  • Pcdspo-Report-On-Disaster-Response-Unified-Hashtags.Pdf (PDF | 780.63
    PCDSPO Report on Standard Hashtags for Disaster Response Standard Hashtags for Disaster Response I. Background The Presidential Communications Development and Strategic Planning Office (PCDSPO) and the Office of the Presidential Spokesperson (PCDSPO-OPS) have used and have promoted the use of unified hashtags to monitor, track, and consolidate information before, during, and after a natural disaster strikes. This report is an overview of this. It concludes with an assessment of the effectiveness of using unified hashtags. The Official Gazette and PCDSPO Twitter accounts are used to coordinate information dissemination, relief, and rescue efforts with netizens, the private media, and concerned agencies of the government (who also operate on Twitter). Personal Twitter accounts of Presidential Spokesperson Edwin Lacierda, Undersecretary Manolo Quezon, and Deputy Presidential Spokesperson Abigail Valte also actively promoted the responsible use of the hashtags. The following are the official Twitter accounts of the Official Gazette and PCDSPO, as well as the officials of the OPS and the PCDSPO who are considered public figures, and who have Twitter handles with large followings: · Official Gazette - @govph · PCDSPO - @pcdspo · Sec. Edwin Lacierda - @dawende · Usec. Manuel L. Quezon III - @mlq3 · Usec. Abigail Valte - @abi_valte II. Origin We recognized that Twitter is a useful platform for disseminating government advisories, esp. to private media organizations, which can disseminate a message across media, social strata, and geographic location with speed and efficiency. Twitter is also useful for collecting information from the ground, especially at times of disaster in places where a relatively large portion of the population is online (i.e., the capital). The hashtags #rescuePH and #reliefPH were first used in August 2012, when the country was experiencing storm-enhanced monsoon rains.
    [Show full text]
  • World Bank Document
    The World Bank Group Partnership with the Republic of the Philippines Public Disclosure Authorized Public Disclosure Authorized The World Bank Group Partnership with the Philippines, 2009–18 Country Program Evaluation Public Disclosure Authorized Public Disclosure Authorized © 2019 International Bank for This work is a product of the staff of The RIGHTS AND PERMISSIONS Reconstruction and Development / World Bank with external contributions. The material in this work is subject The World Bank The findings, interpretations, and to copyright. Because The World 1818 H Street NW conclusions expressed in this work Bank encourages dissemination Washington, DC 20433 do not necessarily reflect the views of of its knowledge, this work may be Telephone: 202-473-1000 The World Bank, its Board of Executive reproduced, in whole or in part, for Internet: www.worldbank.org Directors, or the governments they noncommercial purposes as long as full represent. attribution to this work is given. The World Bank does not guarantee Any queries on rights and licenses, Attribution—Please cite the report as: the accuracy of the data included in this including subsidiary rights, should be World Bank. 2019. The World Bank work. addressed to World Bank Publications, Group Partnership with the Philippines, The boundaries, colors, denominations, The World Bank Group, 1818 H Street 2009–18. Independent Evaluation Group. and other information shown on any NW, Washington, DC 20433, USA; fax: Washington, DC: World Bank. map in this work do not imply any 202-522-2625; e-mail: Cover Photo: Konstantin Atanesyan / judgment on the part of The World [email protected]. World Bank Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.
    [Show full text]
  • 2011 Annual Report
    MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 Annual Report 2011 Annual Report MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 Annual Report CONTENTS 3 Mission and Vision --------------------------------------------------- 4 - 5 Messages --------------------------------------------------- 6 - 7 Board of Directors --------------------------------------------------- 8 –22 Operational Reports --------------------------------------------------- 23 -32 Financial Report --------------------------------------------------- 33 –34 Completed Projects --------------------------------------------------- 35 Plans for 2012 --------------------------------------------------- 36 Future Plan MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 Annual Report Vision To operate a major airport hub in the Asia Pacific Region manned by professionally competent and widely experienced men and women committed to provide quality and efficient service to its clients. Mission We are dedicated to operate an airport using the optimum standards of aviation to ensure safety, security and comfort of all airport users and stakeholders. We are a socially responsible organization that cares for people and the environment while promoting tourism and business development. We commit to achieve synergy among all stakeholders to build a lasting culture of excellence, service and profitability. MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT M e s s a g e MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 Annual Report GM/CEO’S MESSAGE Republic of the Philippines DEPARTMENT OF TRANSPORTATION AND COMMUNICATIONS MACTAN - CEBU INTERNATIONAL AIRPORT AUTHORITY OFFICE OF THE GENERAL MANAGER The year 2011 was a very good year of Mactan Cebu International Airport. Aircraft and passenger traffic grew and major projects started like the Expansion of Passenger Terminal Building. There is a rapid growth in aviation industry as evidenced by the increasing aircraft and passenger traffic. At present the terminal is congested as the terminal was designed for a 4.5M passengers.
    [Show full text]