European businessmen and investors are “cautiously optimistic” that the Philippine economy will rebound by next year as the agri-business, business process outsourcing (BPO), electronics, property development, retail and tourism sectors show growth potentials. “We are looking at 2010 with guarded optimism,” Henry Schumacher, European Chamber of Commerce of the Philippines (ECCP) executive vice president, said at a recent forum titled “Economic Outlook 2010: The Philippine Business Environment in Light of Developments in the World Economy.”
During the forum, industry leaders of the six sectors presented their respective projections for next year.
Mariz Agbon, Philippine Agricultural Development and Commercial Corp. president, said investors from Bahrain, Kuwait, Saudi Arabia, Qatar and South Korea are interested to infuse money into the country’s agriculture sector.
He added that 1.6 million hectares of agricultural land—out of the government’s target of two million hectares by next year—is now available.
The BPO industry, on the other hand, will continue to be a growth driver as it is expected to generate $9.5 billion of revenues next year and would further grow to $12 billion by 2011, Oscar Sañez, Business Process Association of the Philippines (BPAP) president and chief executive officer, said.
He said big-ticket outsourcing investments are also now being brought to the countryside. Non-voice and back-office services—such as corporate services, creative services, design, finance and publishing—will continue to complement the traditionally strong voice segment, Sañez added.
Arthur Young, Semiconductor and Electronics Industries in the Philippines Inc. (SEIPI) chairman, said the sector projects a double-digit growth next year while export revenues may reach up to $30 billion.
“The uptick in consumer spending in the US, and increase in the purchase of hybrid cars, smart phones, PDAs, laptops, flat panels and medical equipment in fast-growing markets such as China and India are good reasons to be optimistic,” he said. –Ben Arnold O. de Vera, Manila Times
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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