Dutertenomics is a cohesive roadmap to acceleration and inclusion. More equal and more prosperous at home. More equal abroad and at peace with our neighbors. Sumlang Lake, Camalig, Albay DUTERTENOMICS 1.0 DU30 Express: TARA sa TRAIN to Single Digit Poverty and New Middle Class, Golden Age of Transportation and Science for Change -- -- March 02, 2017 Rep. Joey Sarte Salceda 2nd District, Province of Albay Philippines “I am confident that we will be able to lift more of our people from poverty, expand the economy by about 50% in real terms, and make the Philippines hopefully, I pray, an upper middle class income economy in 2022.” - President Rodrigo Roa Duterte 3 DUTERTENOMICS 101 Recent Performance of the Philippine Economy 2nd fastest after Pakistan Agri needs public investments in Asia but Industry resurgence 2015 2016 2015 2016 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 GDP 6.3 6.8 7.0 7.1 6.6 Agri* -0.2 -4.4 -2.0 2.9 -1.1 Industry 6.5 9.0 7.1 8.6 7.6 GNI 6.2 7.4 6.7 6.3 6.1 Services 7.8 7.6 8.3 6.9 7.4 NPI* 5.4 9.9 5.0 2.5 4.1 * refers to Net Primary Income from Abroad * refers to Agriculture, Hunting, Forestry and Fishing (AHFF) r - revised r - revised Source: Philippine Statistics Authority Source: Philippine Statistics Authority 5 Economic Performance (growth rates, in percent) Fourth Quarter Annual 2015 2016 2015 2016 GDP 6.5 6.6 5.9 6.8 GNI 7.3 6.1 5.8 6.6 NPI 11.5 4.1 5.3 5.3 Source: Philippine Statistics Authority 6 Major Industries (year-on-year growth rates, in percent) Fourth Quarter Annual 2015 2016 2015 2016 Agriculture* -0.2 -1.1 0.1 -1.3 Industry 6.5 7.6 6.0 8.0 Services 7.8 7.4 6.8 7.5 *refers to Agriculture, Hunting, Forestry and Fishing (AHFF) Source: Philippine Statistics Authority 7 Sector/Subsector/Hours Worked October 2016 October 2015 Change EMPLOYED PERSONS % 41,664 % 39,779 1,885 4.7% Agriculture 27.9 11,624 29.6 11,775 -151 -1.2% Agriculture, hunting and forestry 90 10,462 88.4 10,409 53 0.5% Fishing 10 1,162 11.6 1,366 -204 -14.9% Industry 17.2 7,166 15.9 6,325 841 13.3% Mining and quarrying 3.1 222 3.4 215 7 3.3% Manufacturing 47.4 3,396 50.7 3,207 189 5.9% Electricity, gas, steam, and air conditioning supply 1.0 72 1.2 76 -4 -5.3% Water supply; sewerage, waste management 1.0 72 1.0 63 9 14.3% Construction 47.5 3,404 43.7 2,764 640 23.2% Services 54.9 22,874 54.5 21,679 1,195 5.5% October Wholesale and retail trade; repair of motor vehicles 35.3 8,075 35.0 7,588 487 6.4% Transportation and storage 13.4 3,065 12.9 2,797 268 9.6% Accommodation and food service activities 8.0 1,830 8.3 1,799 31 1.7% Jobs Information and communication 1.5 343 1.7 369 -26 -7% Financial and insurance activities 2.3 526 2.4 520 6 1.2% Report Real estate activities 0.7 160 0.8 173 -13 -7.5% Professional, scientific and technical activities 0.8 183 0.9 195 -12 -6.1% Administrative and support service activities 6.7 1,533 5.4 1,171 362 30.9% Public administration and defense 9.5 2,173 10.1 2,190 -17 -0.8% Education 5.7 1,304 6.2 1,344 -40 -3% Human health and social work activities 2.2 503 2.3 499 4 0.8% Arts, entertainment and recreation 1.5 343 1.5 325 18 5.5% Other service activities 12.3 2,814 12.5 2,709 105 3.9% Activities of extraterritorial organizations and bodies 0.0 0.0 0.0 0.0 0.0 0.0 HOURS WORKED % 41,664 % 39,779 1,885 4.7% Less than 40 hours 33.3 13,874 34.2 13,604 270 2% 40 hours and over 65.9 27,457 65.1 25,896 1,561 6% With a job, not at work 0.8 333 0.7 279 54 19.4% Mean hours worked in one week 41.7 41.6 8 Source: Philippine Statistics Authority, July Labor Force Survey 2016 2015 2014 Oct Jul Apr Jan Oct Jul Apr Jan Oct Jul Apr Jan Population 15 years old 68,734 68,436 66,805 67,153 66,622 66,614 64,802 64,591 64,257 64,070 63,772 61,777 and over (in '000) Increase in Potential Labor 2,112 1,822 2,003 2,562 2,365 2,544 1,030 2,814 -157 -400 -318 -1,943 Labor Force (in '000) 43,714 43,320 42,488 42,508 42,146 41,900 41,862 41,164 41,319 41,231 41,588 39,387 Labor Entrants 1,568 1,420 626Surprising1,344 since827 K12 669 274 1,777 147 53 682 -1,447 Labor Force Participation Rate (%) 63.6 63.3 63.6enrolled63.3 1.5m63.3 in 62.9 64.6 63.7 64.3 64.4 65.2 63.8 Employment (in '000) 41,664 40,974 39,916Grade40,047 11 39,779 39,174 39,158 38,461 38,837 38,453 38,664 36,418 JOBS Created 1,889 1,800 758 1,586 942 721 494 2,043 300 278 845 -1,522 Employment Rate (%) 95.3 94.6 93.9 94.2 94.4 93.5 93.6 93.4 94.0 93.3 93.0 92.5 Less than 40 hours (part-time) 13,874 12,948 12,893 12,815 13,644 12,614 15,507 14,346 13,748 13,920 14,963 13,220 as percent of total employed 33.3 31.6 32.3 32 34.3 32.2 39.6 37.3 35.4 36.2 38.7 36.3 40 hours and over (full time) 27,457 27,821 26,225 26,952 25,896 26,247 22,790 23,692 24,739 24,110 22,928 22,652 as percent of total employed 65.9 67.9 65.7 67.3 65.1 67.0 58.2 61.6 63.7 62.7 59.3 62.2 Unemployment (in 000) 1,958 2,335 2,5941. Of the2,469 41m2,371 employed,2,546 68%2,506 are 2,703 2,482 2,778 2,924 2,969 Unemployment Rate (%) 4.7 5.4 6.1full time5.8 5.6 6.5 6.4 6.6 6.0 6.7 7.0 7.5 2. Of the full time 27.8m, 25.2m Underemployment (in 000) 7,500 7,094 7,351 7,879 7,020 8,227 6,970 6,883 7,278 7,049 7,027 7,103 Underemployment Rate (%) 18.0 17.3 18.4are wage/salaried19.7 17.6 21.0 17.8 17.9 18.7 18.3 18.2 19.5 Number of Wage and Salary Workers 25,332 25,199 24,788 25,310 23,589 24,445 22,633 22,115 22,554 22,449 22,219 20,930 Increase in Wage and Salary Workers 1,761 2,674 2,271 3,195 1,017 76 297 1,185 357 231 473 -1,910 Source: Philippine Statistics Authority, Labor Force Survey 9 BOI INVESTMENT PERFORMANCE (2015 VS. 2016) % Increase/ 2015 2016 (Decrease) Project Cost (PhP M) 366,742.16 442,044.98 20.53 Foreign (PhP M) 59,507.04 89,395.89 50.23 Local (PhP M) 307,235.12 352,649.09 14.78 No. of Projects 358 378 5.59 Employment 58,252 67,634 16.11 10 Source: Board of Investments BOI INVESTMENT PERFORMANCE (BY REGION, 2015 VS. 2016) 2015 2016 % Increase/ Region Investments (Php Million) (Decrease) 57% share REGION 4A 165,681.72 102,362.70 (38.22) in combined National Capital Region 29,503.16 95,337.44 223.14 investments REGION 3 20,785.52 56,461.28 171.64 From NCR, Cordillera Administrative Region 85.57 34,766.96 40,528.42 REGION 4A, REGION 11 3,875.27 25,823.93 566.38 and REGION 3 REGION 7 32,227.19 21,752.63 (32.50) Negros Island Region 10,338.17 21,447.52 107.46 REGION 12 8,219.76 21,298.00 159.11 REGION 6 50,411.26 19,121.10 (62.07) REGION 1 1,382.71 17,237.30 1,146.63 REGION 10 13,715.01 11,891.35 (13.30) REGION 2 0.00 5,151.88 100.00 REGION 5 8,317.68 4,476.90 (46.18) REGION 4B 3,018.37 3,191.25 5.73 REGION 8 7,373.94 807.45 (89.05) REGION 9 0.00 744.26 100.00 REGION 13 0.00 173.03 100 SEVERAL LOCATIONS 11,806.83 0.00 (100.00) 11 TOTAL 366,742.16 442,044.97 20.53 Source: Board of Investments BOI INVESTMENT PERFORMANCE BY COUNTRY (2015 VS. 2016; EU now biggest investor of PH) 2015 2016 % Increase/ 2015 2016 % Increase/ Country Country Investments (Php Million) (Decrease) Investments (Php Million) (Decrease) Australia 12.07 30,454.03 252,190.85 Liberia 0.00 9.57 100.00 Scotland 0.00 9.56 100.00 Singapore 10,797.36 13,646.98 26.39 Cayman Islands 0.00 9.36 100.00 Netherlands 26,703.60 13,052.30 (51.12) Thailand 432.00 9.03 (97.91) 6,833.48 292.11 Japan 1,742.76 Vanuatu 0.00 6.71 100.00 South Korea 2,406.96 6,423.35 166.87 Myanmar 3.33 3.62 8.84 United Kingdom 97.39 2,349.89 2,312.79 Kazakstan 0.00 3.60 100.00 U.S.A.