Professional Documents
Culture Documents
February 2013
Contents
I. Macroeconomic Performance and Outlook Real Sector ....................................... . Monetary, External and Financial . Fiscal Revenue Collection and Debt Management . Expenditure Management and Procurement Reforms Sectoral Performance and Outlook Trade, Industry and Investments .................................. .. Agriculture ... Tourism Infrastructure Energy Transport and Flood Management ........................... Airports, Seaports, and Mass Transport Systems ...................... Public-Private Partnership ...... Profiles of Speakers and Panel Discussants ..... Directory of Economic Agencies .. Investor Relations Office Brochure ..
II.
III. IV. V.
Real Sector
Secretary Arsenio M. Balisacan National Economic and Development Authority
1.2
2005
2006
2007
2008
2009
2010
2011
2012
China Philippines
Indonesia* Thailand
Malaysia
Sources: ADB ARIC; official country websites *Indonesia: Reuters 2012 FY data for Thailand and Malaysia are not yet available
5.0 4.0 3.0 2.0 1.0 0.0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 GDP growth rate Low-end target High-end target
NG Debt/GDP (LHS)
Improvement in governance and competitive indicators... ...with ratings moving in the right direction
WEF Competitiveness Rankings Philippines Credit Ratings
Self-rated poverty
Hodrick-Prescott Filter (lambda=1600)
80 70 60 20 50 10 40 0 -10
Severe hunger
Hodrick-Prescott Filter (lambda=1600)
8
6 4 3 2 1 0 0 -1 -2 2
-3 5 10 15 20 25 30 35 40 45 Cycle 50 55
S _HUNGER
Trend
14.5%
12.6% 11.2%
62.5%
2009
2010
2011
Accelerate infrastructure development Provide adequate and efficient power supply Enhance administrative efficiencies
10
Improve revenue and tax efforts to increase resources for infrastructure and social spending
Revenue and Tax Efforts (% of GDP)
17.00 16.49 16.00 15.62 15.00 14.72 14.37 14.00 13.00 12.43 12.00 12.23 11.00 10.00 2005 2006 2007 2008 2009 2010 2011 2012 12.15 13.71 13.54 13.59 13.99 13.42 13.11 12.35 13.97 15.58
Revenue Effort*
*Q1 Q3 only
Tax Effort*
11
A B RA K A LI NG A I L OCOS S UR M T P RO V I N CE I F UG A O L A UN I O N B E NG U E T N U EV A VI Z CA Y A
PA N G A S I NAN A URORA N UE VA EC I JA T A R LA C ZA M B AL E S P A M P AN G A B U L AC A N
B A TA A N M E TR O M A N I L A
RI Z AL
CAVI T E LA G U NA B AT A N G AS Q UEZ O N C A TA N D U AN E S C AM A R I N ES S U R C A MA R I N E S NO R T E
M A R I ND U Q UE AL BA Y M I N D O R O O R I E N T AL MI N D O R O O C C I DE N TA L S O RS O G O N
R O M B LO N M A SB A TE
NO R TH E R N S A M AR
S AM A R EA S T E RN S AM AR AK LA N C AP I Z B I LI RA N
A N T IQU E I L O I LO LE Y TE
G UI M A R A S SO U T H ER N L EY T E NE G RO S O C CI D E NT AL C EB U
B OHO L PA L A W A N N EG R O S O R I EN T AL SU R I G AO D E L N O R T E
S I Q UI JO R
CA M I G U I N SURI G A O D EL S U R AG U S AN D E L N O R TE M I S AM I S O R I EN T AL AG U S A N DE L S U R
M I S A MIS OC C I D E N T AL B UK I D N O N
ZA M B O A NG A D E L N O R TE
LA N AO D E L N O R TE LA N AO D E L S U R
ZA M B O A N G A S I B U G A Y ZA M B O A NG A D E L S UR D AV A O D E L N O R T E C O M PO S TE L A V A LL EY
C O T AB A TO D AV A O D E L S U R D A VA O O R I EN T AL MA GU I N D A N AO
BA S I L AN
S U LT AN K U D A RA T
S O U TH C O TA B A T O SA R AN G A N I S U LU
TA W I - TA W I
Source: DPWH
12
13
35.0
30.0
Source: FAOSTAT
14
15
16
Address inefficiency
Minimize corruption
Accountability
Transparency
17
Institutional Reforms
With focus on enhancing responsiveness and reducing inefficiencies
Consistency of Policies
Efficiency of regulation
18
19 19
Outline
I. II. III.
20
Impact
Price stability and noninflationary growth
External Sector
Financial Sector
21
Prudent monetary policy supported low inflation and robust output growth
Headline Inflation vs. Target Jan 2002 Dec 2012 2006=100, in percent
12 10 8 6 4 2 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Headline Lower Bound of Target Upper Bound of Target
RRP Rate and Average Lending Rate Jan 2005 Dec 2012 RRP rate and Average lending rate in percent January 2005-Dec 2012, in percent
12 10 8 6
Dec12 = 5.7%
Dec12 = 3.5%
2008
2009
2010
2011
2012
22
8000 6000 4000 2000 0 2004 2005 2006 2007 2008 2009 2010 2011
5000 0 -5000
2012
CA (lhs)
BOP (rhs)
months
83.8bn 12.0
US$ billion
14 12
65.0
%
80
61.7bn
60 40 20 0 2004 2005 2006 2007 2008 2009 2010 2011 Q32012
10 60.0 8 655.0 4 2
50.0
25.6%
045.0 2012
GIR (lhs)
23
120 90 60 30 0 2002 2003 2004 2005 2006 2007 2008 2009 50.2 14.6 52.2 15.2 58.0 71.9 74.4 81.6 87.1 93.4
97.8
104.0
114.0
13.4
10.8
7.8
5.0
4.1
3.7
3.6
2.8
2.6 0
CAR, Solo
CAR, Consolidated
24
BSPs performance
2012 Actual 2012 Target/Forecast 3.0-5.0 percent
Inflation
3.2 percent
Balance of Payments (BOP) Gross International Reserves (GIR) External Debt-to-GDP ratio
US$9.2 billion (Jan-Dec 2012) US$83.8 billion (End-Dec 2012) 25.6 percent (Q3 2012) (End 2011: 26.9 percent) 18.0 percent (End-Mar 2012) (End 2011: 17.7 percent) 2.0 percent (End-Oct 2012) (End 2011: 2.4 percent)
US$6.8 billion
Decreasing
Capital Adequacy Ratio (CAR), consolidated basis (UKBs) Non-Performing Loans (NPL) ratio (UKBs)
Increasing
Decreasing
25
Revised existing regulations on corporate governance in line with international best practices such as the Principles for Enhancing Corporate Governance issued by the Basel Committee on Banking Supervision Approved the amendments to the guidelines strengthening BSPs governance standards to rationalize the definition/qualifications of an independent director and the composition of the members of board-level committees Approved the amendment to the regulations on the confirmation of the election/appointment of directors/officers of banks with a rank of senior vice president (SVP) and above to simplify the confirmation procedures
26
The growth rate in the number of branches and ATMs from 2009 to 2011 is noteworthy, especially in some regions in Mindanao.
28
Projections 2012 3.2 2013 3.0 5.0 a/ 10.0 a/ 12.0 a/ 22.2 b/ 5.0 b/ 4.9 b/ 3.0 b/ 86.0 b/
7.9 (Jan-Sep) 2.2 (Jan-Sep) 19.4 (Jan-Nov) 6.0 7.2 (Jan-Sep) 9.2 (Jan-Dec) 83.8 r/
Based on projections adopted by the Development Budget Coordinating Committee (DBCC) on 28 November 2012 Based on BSP projections as of 15 November 2012 1/ Based on Balance of Payments (BOP) concept. 2/ Remittances coursed through banks r/ revised
29
Downside risk:
Weak global economic prospects Sustained stability of the peso against the US dollar
Upside risks:
Pass-through of electricity rate hikes Higher international food prices due to adverse weather conditions in major producing countries
30
Financial sector
Continue to align local banking practices to international standards to make regulatory capital framework more risksensitive Strengthen further corporate governance framework and develop appropriate policies in support of improving bank operations and risk management Sustain its advocacies on microfinance, financial inclusion, consumer protection and financial education with greater vigor.
External sector
Maintain market-determined exchange rate Keep comfortable level of reserves Continue to promote external debt sustainability
31
32
Contents
I. National Government (NG) Fiscal Performance (January - November 2012)
iii. NG Debt iv. General Government Debt v. Consolidated Public Sector Financial Position III. Policy Reforms and Plans/Projects for 2013
33
(in Billion Pesos) Total Revenues Tax Revenues BIR BOC Other Offices Non-Tax Revenues o.w. BTr Income Fees & Charges Privatization Expenditure Surplus/(Deficit)
FY 2012 Program 1,560.6 1,427.4 1,066.1 347.1 14.2 131.2 61.8 69.4 2.0 1,839.7 (279.1)
Variance 158.8 142.0 119.8 21.4 0.8 9.2 7.7 1.4 7.6 189.8 (31.0)
% Growth 12.7% 12.9% 14.1% 8.8% 6.7% 6.4% 10.7% 2.0% 1034.5% 14.1% 32.3%
34
2011 Actual
1,359.9 1,202.1 924.1 265.1 12.8 156.9 75.2 81.5 0.9 1,557.7 (197.8) -2.0%
2012 Emerging
1,518.4 1,351.4 1,046.0 291.4 14.0 158.7 82.8 75.9 8.3 1,753.7 (235.3) -2.2%
2013 BESF1
1,780.1 1,651.3 1,238.6 397.3 15.4 126.9 53.2 73.6 2.0 2,021.1 (241.0) -2.0%
Source: Budget Expenditures and Sources of Financing (BESF) 2013, DBM 1 Cash basis
35
2011 Actual Nominal GDP Growth (%) Real GDP Growth (%) Inflation (%) Interest Rate (%) Exchange Rate (P/$) Imports (% growth) Exports (% growth) Dubai Oil Price ($/barrel)
Source: BESF 2013, DBM 1 Data as of Nov 2012
2012 Actual 8.6 6.6 3.2 2.11 42.23 1.01 7.01 108.93
2013 Program BESF 11.5 6.0 3.0 5.0 3.0 42.00 12.0 10.0 90.00
36
%
100 84 80 60 40 20 0 2009 2010
Domestic
75 66 56 44 34 35 25 16 65
2011
Jan-Nov 2012
Foreign
2013 Program 1
37
6,000.0
60.0
5,500.0
52.4
50.9
5,358.8 5,213.1
49.5 50.5 48.0
55.0
5,000.0 4,396.6
4,951.2
4,718.2
50.0
4,500.0
45.0
40.0 2012
Actual Jan-Sep Program 1
2013
38
80
68.5 61.4
60
59.2 51.6
53.9
54.7
54.8
52.4
50.9
50.5
NG Debt GG Debt
40
44. 2
44.2
44.3
43.5
41.9
40.9
20
39
% of GDP
1.0 (241.4) (355.8) (178.7) (213.9)
(158.3)
0.0 -1.0
-1.3 -2.0
Consolidated Public Sector Deficit as of end Sep 2012 declined to 0.7% of GDP or P54.7 billion
40
BIR
BOC
55 Cases filed (59 respondents) under the new administration DOF A total of 129 Cases (172 respondents) from 2003 to Dec. 31, 2012 62 personnel suspended from office; 21dismissed from service
41
Policy Reforms
Fiscal Incentives Rationalization (FIR) Intended to remove redundant incentives to reduce the fiscal costs and ensure that incentives will be given only to those who need them. Status: Ongoing discussion (DOF, DTI, BOI) to come up with a consensus bill. Review of the fiscal regime of the mining sector As provided for under Section 4 of EO 79, new mineral agreements is suspended until a legislation rationalizing existing revenue sharing schemes and mechanisms shall have taken effect. Status: The Mining Industry Coordinating Council (MICC) is studying options for mining fiscal regime and revenue sharing.
42
43
Bureau of Customs
Integrate National Single Window (NSW) with Electronic to Mobile System (E2M) and Other Government Agencies automated permit/licensing systems Strengthen the selectivity system Rationalize the assignment of discretionary functions and tighten corresponding accountabilities Implement automated raw materials liquidation and bond management Empower internal controls
45
46
Contents
I.
II. Progress in the Pursuit of Budget Reforms III. Progress in Reforms of Good Governance and Anti-Corruption IV. Fiscal Outlook for 2013 V. Policy Thrusts and Other Plans/Projects for 2013 VI. 2013 Budget for Mindanao
47
year-on-year
% of full-year program
Revenues
P1,408.6 Bn
12.7 %
90.3 %
Disbursements
P1,535.9 Bn
14.1 %
83.5 %
Deficit
P127.3 Bn
32.3 %
45.6 %
48
Particulars
% of FY Program
REVENUES DISBURSEMENTS Current Operating Exp. PS MOOE Subsidy Allotm ent to LGUs Interest Paym ents Tax Expenditures Capital Outlays Infra & Other CO Equity Capital Transfers to LGUs CARP-LO Com pensation Net Lending SURPLUS/(DEFICIT)
1,249.8 1,346.0 1,127.1 449.2 151.3 37.3 210.4 251.5 27.4 201.9 118.2 12.4 63.4 7.9 17.0 (96.3)
1,408.6 1,535.9 1,258.2 496.1 226.5 25.6 200.4 282.3 27.1 248.7 185.6 1.2 62.0 29.0 (127.3)
90.3 83.5 87.2 84.7 89.0 80.7 91.7 88.9 79.3 66.5 62.2 56.3 86.9 126.0 45.6
49
FISCAL DISCIPLINE
ALLOCATIVE EFFICIENCY
OPERATIONAL EFFECTIVENESS
50
51
PFM Public Financial Management CSO Civil Society Organization GIFMIS Government Integrated Financial Management Information System
53
54
CURRENT OPERATING EXPENDITURES Personal Services MOOE Subsidy Allotment to LGUs Interest Payments Tax Expenditure Fund CAPITAL OUTLAYS Infra. and Other CO Equity Capital Transfers to LGUs CARP LO Compensation NET LENDING TOTAL
56
Revenue outlook at 14.7% of GDP, Disbursements at 16.7% of GDP, Debt at 48% of GDP Government consumption to register double digit growth due to expansion of the Conditional Cash Transfer (CCT) program, routine maintenance of public infrastructure, implementation of PAMANA, as well as the Expanded Government Internship Program. Pantawid Pamilyang Pilipino Program of DSWD Priority projects in health sector geared to attain the Millenium Development Goals (MDGs), such as doctors to the barrios, expanded immunization, TB control programs Creation of teaching positions to close the teacher gap Peace building and development in conflict-affected areas Growth in capital outlays of 35.7% to P413.2 billion (cash basis), or 3.5% of GDP, which translates to increased allocations for: DPWH infra projects DA-NIA irrigation facilities Farm-to-market roads Infrastructure support to tourism, education (Basic Education Facilities Fund), and health (Health Facilities Enhancement Program)
57
2012 GAA
87.2 4.8% 320.3 17.6%
2013 GAA
89.5 4.5% 347.3 17.3%
613.4 33.8%
360.4 18.0%
509.2 25.4%
58
in Php
2013 Regionalized Budget In Php Billion Total NCR Luzon Visayas Mindanao 996.23 131.22 410.47 194.88 259.66
in Php
Allocation Per Capita Population Amount (in Php) 99,240,310 12,194,394 43,306,613 20,114,242 23,625,061 10,038 10,761 9,478 9,689 10,990 Rank
Particulars
2 3 2 1
59
One-year validity of MOOE and CO appropriations to encourage agencies to plan ahead and to minimize the gap between fiscal program and the obligation budget. Allowance of pre-procurement activities immediately after submission of the budget to Congress to facilitate project implementation within the one-year validity period. Adoption of DPWH as principal infrastructure agency of government to accelerate completion of priority program targets in line with the Social Contract. Program Budgeting Approach in the creation of the budget, where the basic idea is that budget information and decision making should be structured according to the objectives of the government.
60
Implementation of the Results-Based Performance Management System (RBPMS) and the Performance-Based Bonus (PBB) to push for better planning, programming and execution capacities in the agencies. Rolling out technological innovations to speed up budget release and procurement transaction, improve information flows and strengthen transparency and accountability: PhilGEPS ePayment facility Electronic payment through ATM of monthly pension of retired uniformed personnel Cashless Purchase Card National Payroll System Electronic and mobile banking for CCT beneficiaries Single Treasury Account
61
62
Contents
I. Enabling Business Environment for Global Competitiveness Improving PH Competitiveness Philippine Business Registry (PBR) Nationwide Streamlining of Business Permits and Licensing Systems (BPLS) Program in the PH Conformance to International Standards Industry Development and Promotion II. Improving Productivity Double Exports: Move Up the Value Chain Better Business Environment to Increase Investments Sustainable Employment through MSME Development III. Ensuring Consumer Welfare and Protection IV. Outlook for 2013 V. Policy Thrusts and Other Plans for 2013 VI. Harnessing the Potential of Mindanao as a Viable Investment Proposition
63
64
65
11 24
12 24
13 27
14 27
17 30
19 31
21 29
16 22
20 31 25 24 27 21
Electronics (U S$B)
Non-Electronics (US$B)
66
Signature Event (Manila FAME) Overseas Trade Fair Outbound Business Matching Inbound Business Matching Total
In 2012, Philippine Trade and Investment Centers (PTICs) overseas secured 1,069 new importers for PH products, served 2,729 export opportunities, assisted 10,853 PH exporters and businesses and sent 919 buyers to the PH. 303 new export suppliers nationwide have been identified through 20 hand holding sessions under the Regional Interactive Platform for Philippine Exporters (RIPPLES).
67
2012 Performance Total BOI-PEZA approved investments amounted to PhP672.3 billion (US$15.9 billion), which is 2.3% higher than 2011. 134,489 jobs to be generated Top 5 Sectors: Manufacturing; Electricity, Gas, Steam & Air Conditioning Supply; Real Estate Activities; Transportation & Storage; and Accommodation & Food Service Activities Top 5 Foreign Sources: Netherlands, Japan, US, Singapore and Korea Big ticket projects from: Masinloc Power Partners Co., Ltd.; Shell Gas and Energy Philippines Corporation; Therma Visayas, Inc.; Southwest Luzon Power Generation Corporation; Philippine Long Distance Telephone Company, Inc.; Semirara Mining Corporation; South Luzon Thermal Energy Corporation; SM Prime Holdings, Inc.; Palm Concepcion Power Corporation; and Toledo Power Company
Project Cost
672.3
2008
2009
2010
2011
2012
68
Growing Investments
All-time High Record of Inbound Investment Missions in 2012 Influx of foreign investor visits to PH manifesting strong confidence on the domestic business climate DTI through BOI, facilitated the inbound missions of 509 companies/organizations, which is 64% higher than 2011. Notable is the 106% increase in the number of business delegations (multi-company) that visited the country (33 delegations from 16 in 2011). Interest coming from non-traditional markets in Europe (i.e., Russia and Turkey); Middle East (i.e., Oman, Iran, Qatar, Kuwait, Abu Dhabi); and Africa (i.e., Nigeria) is a positive development. Many companies from various countries, such as Sweden, Hong Kong, Israel, Turkey have expressed interest in investing in the country, covering various sectors such as telecommunications, BPO, manufacturing, agribusiness, aircraft, electronics, among others. Company-Directed Outbound Investment Missions to Strategic Markets Resulted in meeting many companies that conducted subsequent inbound visits to the PH. Conducted 15 company-directed outbound missions to the following countries: Singapore (3); Taiwan (2); Korea (2); Japan (1); Hongkong (1); China (1); Malaysia (1); Australia (1); Italy (1); Middle East (1); and Cambodia (1). PH as Preferred Investment Site PH's improving cost competitiveness has made the country a preferred investment site. Ten (10) foreign firms, with a combined estimate of PhP16.7 billion (US$0.40 billion) worth of investments, have migrated to the country from neighboring Asian countries. Half of these new investments came from Japanese investors. The migrant companies that have established operations in the country are: 1) Murata Manufacturing Co., Ltd. 6) New Kinpo/Cal-Comp Electronics 2) Luen Thai 7) Superi 3) Canon Business Machine (Phils.) Inc. 8) Fashion Focus 4) Charoen Pokphand Foods Philippines 9) Leader Electronics 5) Molex Integrated Products Philippines 10) Shang-hai Zephyr International
69
Developed 937 new MSMEs for 11,237 farmer beneficiaries through the DTI-Comprehensive Agrarian Reform Program (DTI-CARP) (Jan-Dec) Assisted 799 Agrarian Reform Communities and 171 other communities, generating PhP1,127 million total investments, PhP2,409 million sales and 68,498 jobs
PhP 83.466 B
70
PhP 4.760 B 97,243 PhP 5.499 B US$ 1.051 B 1,427 3,740 479 10,777 PhP 167 M
71
Industry Cluster Development Targets, 2013 Generate investments amounting to PhP6.792 billion Create about 203,666 jobs Generate domestic sales of PhP6.840 billion Earn exports of US$448.0 million Create about 1,794 MSMEs and assist 6,349 MSMEs Conduct 572 trainings benefitting around 5,969 MSMEs/individuals 72
74
Targets 2012 GR 7.0 14.8 9.5 US$B 53.13 17.77 70.90 GR 10 15 11 2013 US$B 61.10 20.43 81.53 GR 15 15 15 2014 US$B 70.26 22.48 92.74 GR 15 10 14 2015 US$B 80.80 24.72 105.52 GR 15 10 14 2016 US$B 92.92 27.20 120.12 GR 15 10 14
13.04
(Jan-Sep)
61.06
(Jan-Sep)
75
Very positive outlook for 2013. The realization of investment projects of many foreign investors approved in 2012 is highly expected. These include projects in sectors such as manufacturing and IT/BPO/Creative industries that thrive on the utilization of our skilled Filipino labor.
Numerous investor queries and requests for assistance in the conduct of due diligence visits this early part of the year are expected to increase the number of inbound missions. Foreign posts are vigorously pursuing the conduct of inbound visits this year.
To sustain growing investors confidence, promotion efforts to traditional markets (Japan, Korea, Taiwan, China and US) will be intensified while strategically reaching out to developmental markets with strong potential for outward investments (Russia, Brazil Middle East, among others). Implementation of the industry roadmaps will result in the conduct of more focused investment promotion campaigns that will identify investment areas to complete the supply chain.
Successful governance reforms will result in an investment climate that will provide a level playing field and best value for the investors money.
76
77
Improve agricultural marketing-logistics system in Mindanao (e.g., establishment of a Davao Food Terminal; Davao-Gensan Export Corridor Strategy) Prom ote business/enterprise development through Industry Cluster & Value Chain Strategies w ith the objective of enhancing the competitiveness of the priority industry clusters in Mindanao Provide Shared Service Facilities (includes provision of the key technology, skills and critical equipment and facilities ) Prom ote & strengthen the existing 6 Agri-industrial Econom ic Zones (PEZA) in Mindanao and develop 3 others in Bukidnon, Davao & South Cotabato to attract investments Intensify prom otion of Mindanao as Food Basket Recommend policies for the development of Mindanao (e.g., EOs on the creation of industry development councils for banana, rubber, cococoir, etc.)
Community-based Enterprise Development to be purposively pursued in the rural areas and barangays in collaboration with LGUs, DSWD, DOLE, DA and the LGUs. Credit guarantee to facilitate and ensure SMEs access to commercial sources of finance and capital; Propose the creation of Mindanao Development Fund for priority projects (off-grid mini hydro, etc.)
78
Agriculture Sector
79
Contents
I.
II. Assessment of the Sectors Performance vis-a-vis the Philippine Development Plan Targets III. FY 2012 DA Accomplishments IV. Prospects for the Agriculture and Fisheries Sector in 2013 V. FY 2013 DA Thrust and Priorities VI. DA Thrust and Priorities for the Mindanao Region
80
Crops Subsector
4.26%
Palay: Corn: Pineapple: Rubber : Coconut : Dairy: Hog: Chicken: Duck Eggs:
Livestock Subsector*
Poultry Subsector*
Fisheries Subsector*
Crops
Livestock
Poultry
Fisheries
*output growths
81
The sector has registered a positive growth for the past two years. However, growths are below the plan target of 4.3-5.3%; Fisheries subsector has experienced a decline due to rising cost of fuel and implementation of conservation policies that drove down fish catch The Food Staples Self-Sufficiency Program is on track, with the country producing record harvests of palay (unmilled rice) at 18.03 million metric tons Inflation rates on food for 2012 is down to 2.2%, with rates ranging only from 1.2% to 3.6%
82
FY 2012 DA Accomplishments
DA Accomplishments for 2012
Major Final Outputs (MFO)/Indicators MFO 1.1 PRODUCTION SUPPORT SERVICES Beneficiaries provided with production support services (e.g. seeds, planting materials, animals, fingerlings, etc) Individuals Groups MFO 1.2 MARKET DEVELOPMENT SERVICES Marketing agreements consummated MFO 1.3 CREDIT FACILITATION SERVICES Individuals or groups assisted to access either credit, insurance, or guarantee Individuals Groups 32,981 202 31,103 186 94.31 92.08 FY 2012 Targets CY 2012 Accomplishments Percentage
83
FY 2012 DA Accomplishments
DA Accomplishments for 2012
Major Final Outputs (MFO)/Indicators MFO 1.4 IRRIGATION DEVELOPMENT SERVICES SSIPs installed and/or constructed MFO 1.6 EXTENSION SUPPORT, EDUCATION, AND TRAINING SERVICES Training and training-related events conducted MFO 2.0 REGULATIONS, DEVELOPED, IMPLEMENTED, MONITORED, AND ENFORCED Regulatory documents issued Incidence of avian influenza and foot & mouth diseases Regulatory documents (national single window system) issued at the prescribed time 2,199,638 0% 80% 2,596,494 0% 100% 118.04 100.00 125.00 53,401 57,752 108.15 FY 2012 Targets 831 CY 2012 Percentage Accomplishments 859 103.37
84
FY 2012 DA Accomplishments
DA Accomplishments for 2012
Major Final Outputs (MFO)/Indicators FY 2012 Targets CY 2012 Accomplishments Percentage
MFO 3.0 PLANS AND POLICIES DEVELOPED, MONITORED, AND EVALUATED Programs, and projects endorsed/approved Plans distributed (e.g. FSSP and AFMP) Agri and fishery policies issued 183 164 388 168 159 454 91.80 96.95 117.01
85
Raise farmers and fishers incomes by 2% to 4% from 2012 level Achieve 100% rice self sufficiency by 2013 Increase agriculture and fisheries GVA growth by 4.3% - 5.3% from 2012 level Increase the total value of agriculture exports by 10% from 2012 level
86
1. Improved food security and increased rural incomes; 2. Increased sector resilience to climate change impacts; and 3. Enhanced policy environment and governance.
87
Strategies: Frontload investments in irrigation, postharvest facilities and mechanization Focus on longer-term investments Engage farmers associations/irrigators associations, LGUs and the private sector proactively Increase cropping intensity Ensure accessibility and affordability of other food staples to encourage the production and consumption of rice alternatives (demand management) Access to affordable working capital (hybrid and certified) and improved production technology Increase NFA procurement as incentive to farmers
88
89
Fisheries
Regenerate marine resources through Coastal Resource Management and Aqua-silviculture projects Protect marine resources through effective enforcement of fishery laws Increase production through mariculture parks, hatcheries, and nurseries Conduct R & D activities along stages of the value chain Enhance food safety and product quality monitoring and management
90
91
92
DA-DAR-DENR
DA-DPWH
DA-DSWD
cash-for-work in paddy construction, irrigation canal desilting and coconut replanting and salt-making for coconut fertilization
93
94
Mindanao 2020:
A&F Sector Goal: A dynamic and sustainable agriculture and agribusiness sector with world-class, socially and environmentally responsible farms bringing about a progressive and food-secure Mindanao In line with this, the DA will pursue interventions in support to the Mindanao 2020 Strategies: Improve and adopt farming and processing technologies for high value commercial crops, and aim for more sustainable fishing industries Further develop and promote the Halal industry Improve investments in research, development, and extension Intensify promotion of agriculture and fisheries courses
95
Tourism Sector
96
Contents
I.
II. Actual Performance vs. Target III. Marketing Initiatives for 2012 IV. Highlights of Accomplishments V. Tourism Road Infrastructure Program VI. Tourism Targets
97
98
Korea USA Japan China Taiwan Australia Singapore Canada Hong Kong Malaysia UK Germany 0 500 2012 1,000 2011
2011
2012
Projected Arrivals
10.0M
1,500
2011 2012 2013 2014 2015 2016
Actual
Projected 99
10,774.6
74.9 75.8
2009
83.9
2010
91.9
2011
93.0
2012
8,297.7
2008
6,391.4
CAGR = 5.2%
2,994.0 2,428.7 2,236.0 2,490.2 3,817.8
4,864.0
9.6
20 08
2009
2010
2011
20 12
2013
2014 2015
2016
2008 2009 2010 2011 2012
100
Domestic Travellers
Top Overnight Destinations Domestic Travelers by Year
Total (in Mn) Mn ) 974.4 702.8 613.3 396.3 359.3 339.0 290.8 281.2 200.1 184.4 171.8 152.4 151.5 150.1 % of total 19.6% 14.1% 12.3% 8.0% 7.2% 6.8% 5.9% 5.7% 4.0% 3.7% 3.5% 3.1% 3.0% 3.0%
37.5M 44.7M 40.7M
(Partial as of June 2012) Metro Manila Boracay Island Cebu City Lapu La pu City Puerto Princesa City Baguio City Albay Batangas Cagayan de Oro City Davao City Boho l Ilo ilo City Clark Negros Oriental 0 Domestic Travellers 175 350 525 700
CAGR = 6.1%
40.7M 37.5M
2008
* Estimate
2009
2010
2011
2012
CAGR = 10.6%
47.1M
51.7M
2011
2012
2013
2014
2015
2016
101
Hotel Expansion Program in Select Destinations Name Aklan (Boracay Island) Bohol (Panglao Island) Metro Manila Cebu/ Lapu Lapu/ Mandaue Additional Rooms 1,599 1,250 1,123 646
102
Participated in over 50 major travel fairs around the world including Asia-Pacific, Europe, North America and India and introduced Its More Fun in the Philippines Organized over 70 familiarization tours for travel agents and media to help generate a higher level of awareness on the country Tapped new source markets such as Indonesia and Thailand Organized Philippine Tourism Sales Missions to provide a platform for business meetings between Philippine delegates and their foreign counterparts
103
Issuance of 14-day visa-free entry for Indian Nationals holding American, Japanese, Australian, Canadian, Singapore, Schengen, and British (AJACSSUK) visa Approval by Congress of the bill eliminating the Common Carriers Tax Designation of the following tourism enterprise zones which will generate investments and employment: Ciudad de Victoria (Bulacan), Resorts World Manila Queens Castle Implementation of the media plan for the Philippine Tourism Branding Its More Fun in the Philippines Signing of convergence program with the Department of Public Works and Highways
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In Million Pesos
14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 2011 2012 2013 1,390 7,920 12,000
P12 billion programmed for construction, improvement, rehabilitation, widening of local roads leading to tourist destinations
105
Tourism Targets
2013 International Visitors (Million) Inbound Receipts (Billionl Pesos) Domestic Travelers (Million) Domestic Receipts (Billion Pesos) Total Visitor Receipts (Bilion Pesos) % Share to GDP Tourism Employment (Million) % Share to National Employment 5.5 205.4 44.1 1,298.6 1,504.0 6.7 4.9 13.0
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Energy Sector
Secretary Carlos Jericho L. Petilla Department of Energy
107
Contents
I.
2012 Accomplishments
II. 2013 Policy Thrusts III. 2013 Outlook IV. Plans and Programs for Mindanao
108
2012 *
Natural Gas 7% Biofuels 1% Hydro 6% Solar/Wind 0% Oil 31%
Hydro 6%
Geothermal 21%
Coal 22%
Consumed 40 million tons of oil equivalent (MTOE) with: o 60% energy self-sufficiency o 41% share of renewable energy (RE) o 49% green energy (RE and natural gas)
* preliminary
Consumed 42 million tons of oil equivalent (MTOE) with: o 57% energy self-sufficiency o 39% share of renewable energy (RE) o 47% green energy (RE and natural gas)
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Household Electrification
Provided 3,450 households (target beneficiaries) with electricity access under Household Electrification Program (HEP) Extended access to electricity to 6,257 sitios* (187,710 households) out of the targeted 6,007 thru Sitio Electrification Program (SEP) .
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111
112
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Oil and Gas Fifteen (15) prospective areas were offered in the 4th Philippine Energy Contracting Round (PECR) for oil and gas Twenty (20) bid proposals were received for 11 target areas offered from local and international players There are existing 26 active service contracts (SCs) of which 22 are operated by 18 foreign companies Coal Thirty-eight (38) prospective areas were offered in the 4th PECR Received 69 proposals for 27 target areas offered
114
Promote and adopt smart technologies Facilitate implementation of strategic infrastructure Formulate Geographic Energy Plans
115
Deploy 20,000 electric tricycles (E-trikes) from 2013-2014 Deploy 200 Compressed Natural Gas (CNG) buses Need a minimum of PhP 49 Billion investment for infrastructure
Required Investment in the Energy Sector (in Php Million) 2013 2014 2015 2016 53,285.7 280,733.7 257,820.7 182,098.4
116
Note: * Using matured RE technologies such as PV SHS, PV streetlights and micro-hydro systems
Oil and Gas (areas in Mindanao offered include those in Sulu Sea and Cotabato) Coal (areas in Mindanao offered include Agusan del Norte, Misamis Oriental, Agusan del Sur, Surigao del Sur, Compostela Valley, Davao Oriental, Lanao del Sur, Lanao del Norte, South Cotabato, Sultan Kudarat, Saranggani, Zamboanga del Norte and Zamboanga Sibugay)
Agus and Pulangi hydropower plants (Lanao del Sur, Lanao del Norte, Iligan City and Bukidnon)
117
Promote and develop RE potentials o Geothermal - 290-MW o Hydropower - 1,412.54-MW o Solar - 22-MW o Ocean - 24-MW Explore opportunities for Liquefied Natural Gas (LNG) o World Bank (WB) study for a floating storage regasification unit (FSRU) in Macajalar Bay, PHIVIDEC Industrial Authority in Tagoloan, Misamis Oriental o Petroleum National Brunei and PNOC forged an agreement for joint implementation in Mindanao Private Sector Initiated Power Projects o Committed additional capacity for Mindanao - 615.5-MW o Indicative additional capacity for Mindanao - 527.0-MW
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Contents
I.
II. 2010-2016 Target Outcomes III. Public Private Partnership Program IV. 2012 Performance Report V. 2013 Budget/ Infrastructure Program
120
Survey of Enterprises on Sincerity in Fighting or Preventing Corruption in the Philippine Public Sector
by Social Weather Stations (SWS)
Office of the President
2005 2006 2007 2008 2009 2012 + 80
- 21 + 10 -3
- 15 - 27 - 37 - 66 - 66 - 55 - 63 - 65
121
Survey of Enterprises on Sincerity in Fighting or Preventing Corruption in the Philippine Public Sector
by Social Weather Stations (SWS)
Department of Public Works and Highways
All Areas NCR ANG CLB ILO CEB DAV CDO-I
-8 - 20 - 24 - 30 - 32 - 36 - 30
- 21
- 52 - 56 - 65 - 71 - 71 - 70
122
Legend: 1 = extremely underdeveloped; 7 = extensive and efficient by international standards (Based on 144 Countries)
123
Basic Mandate Plan, Design, Construct and Maintain National Roads and Bridges and Flood Control Systems in Major and Principal Rivers
215,088 kms 31,598 kms 0.72 km/sq. km 0.26 km/sq. km 0.27 0.80
Total Overall Road Network Total National Road Length Road Density Paved Road Density Overall Paved Road Ratio Paved Road Ratio for Natl. Roads
124
125
Contract Package 2
C-3 Road, G. Araneta Avenue/Quezon Avenue Interchange Project, Quezon City Contractual Data
Date of Bidding ABC Total Am ount as Bid Scope of Work/Length: Original Im plem entation Schedule: Actual Im plem entation Schedule: November 2010 P 534.6 Million P 430.0 Million (-)19.6% of ABC Savings: P 104.6 M illion (against ABC), P264 M illion (against the Allocation) Depressed roadw ay (underpass) - of 440 lineal meters (lm), 330 lm - approaches June 2011-December 2012 June 2011-September 2012 (3 months ahead of schedule)
126
Proposed High Standard Highway (HSH) Network in Metro Manila and its 200km Sphere
ON-GOING CONSTRUCTION : 92.15 KM
Project Nam e Tarlac-Pangasinan-La Union Expressw ay Daang Hari-SLEx Link Length (km) 88.15 4.00 Proj. Cost P 12.73 B P 2.01 B
129
130
131
Master Plan for Flood Management in Metro Manila and Surrounding Areas Based on river basins: Pasig-Marikina River Basin and Laguna Lake Basin. Total area: 4,354 km2
635 km2
132
Three Major Flooding Occurrence: (1) Huge volume of water coming from Sierra Madre (2) Drainage capacity constraints in core area of Metro Manila (3) Low lying communities around Manila Bay & Laguna Lake
133
Option-2: Image of Raising Lakeshore Land with Road and Future Developments
134
135
+45%
Note: DPWH 2009 & 2010 Budget included P23 B & P26 B Pork Barrel, respectively.
136
P 144.34 B
Regional Allocation
* The P100.9 Billion allocated for Highways includes the P11.95 Billion for Tourism Infrastructure Projects
137
138
Contents
I. Actual Performance vs. Target (2012)
II. Performance in Other Key Areas III. Performance vs. Philippine Development Plan Targets IV. Outlook for 2013 V. Policy Thrusts and Other Plans/Projects for 2013 VI. Mindanao: Plans, Policy and Thrusts
139
Result
Compliance with safety and security standards (Philippine Coast Guard and Toll Regulatory Board) Operations and Management (MRT-3) Reduce passenger unloading incidents due to train failure Number of round trips for the year not to go below 80,000 Percentage increase in fareboxrevenues Infrastructure Development Percentage of projects awarded within scheduled time Percentage of savings derived from Approved Budget for Contract (ABC) over program amount 86% (actual) vs. 80.6% target 6.46% (actual) v. 5% target 292 (actual) v. 366 (target) incidents 81,052 roundtrips 12.24% (actual) v. 2.5% (target)
140
Mandates the use of protective helmets for motorcycle riders for their safety. Starting January 1, 2013, motorcycle drivers without helmets bearing the ICC seal will be apprehended and penalized.
141
Supporting Projects
Project Planning for the Integrated Transport System (Intermodal Bus Terminal Facility) Scoping activities for the Integrated Luzon Railways (Luzon-wide Railway Project) Published for bidding the interoperable Automatic Fare Collection System for transport systems Puerto Princesa Airport concept design ongoing Laguindingan Airport in final stages of construction Airport Improvement projects published for bidding (Butuan Airport, Cotabato Airport, Dipolog Airport, Pagadian Airport, Tacloban Airport) PPP Projects published for bidding (LRT1 Extension, Mactan-Cebu Airport, interoperable Contactless Automatic Fare Collection System for LRT and MRT)
2. Bolster tourism targets through the construction and reinforcement of transport infrastructure Develop airports Promote PPPs
142
143
144
Night-rating of 8 airports (Tuguegarao, Busuanga, Roxas, Dumaguete, Dipolog, Ozamiz, Cotabato, and Butuan) Airports than can accommodate more passengers (including international) and larger aircraft (e.g., Laguindingan, Mactan Cebu, New Bohol) Privatization of operations and maintenance of airports (e.g., Mactan-Cebu, New Bohol)
145
Action Plan
Complete studies for the improvement of cargo movement and logistics (e.g., Davao Sasa Wharf) Revise regulatory and administrative requirements to lower logistics costs
146
147
Contents
I.
II. Performance/ Accomplishments in Other Key Result Areas III. Outlook for 2013 IV. Policy Thrusts and Other Plans/ Projects for 2013 V. Projects in Mindanao
148
368.84M
1.38B
132.56M
26.86M
41.86M
312.86M
239M
149
Capacity Building for Implementing Agencies and Local Government Units Capacity Building Program composed of PPP Core Courses, Knowledge Sharing Series and Learning Series capacitated Implementing Agencies PPP Project Cycle and Processes Launched PPP Manual for local government units (LGUs) From 2011 todate, over 350 national agencies and local government units trained on basic PPP concepts and project preparation
Enhanced Legal and Regulatory Framework Amended Implementing Rules and Regulations of the BOT Law (Revised BOT Law IRR) Issuance of Executive Order No. 78, or the Alternative Dispute Resolution Extension of the BSP Circular No. 700 on Single Borrower's Limit Policy Guidelines on Project Identification, Selection, and Prioritization
150
PPP Outlook for 2013 Seven projects on-going bidding and more projects in the pipeline to be awarded this year (e.g. NAIA Expressway Phase II, LRT Line 1 South Extension, Modernization of the Philippine Orthopedic Center, Rehabilitation, O&M of Angat Hydro-Electric Powerplant Auxilliary Turbines 4 & 5, Automated Fare Collection System, PPP for School Infrastructure Project Phase II, Mactan-Cebu Intl. Airport New Passenger Terminal Building) Sustaining the PPP momentumsystematic and coordinated pipeline development Maintaining PPP Centers balanced approach in project facilitation, and policy/regulatory framework monitoring and improvement Launching of the Knowledge Management (KM) Portal Ensuring PPP Centers staff sustainability Efficient management of contingent liabilities with a growing PPP portfolio Adequate monitoring and management of projects during development and delivery
151
Policy Enhancements Amendments to the BOT Law (PPP Law) Amendments to Executive Order No. 8 o Creation of the PPP Governing Board o PDMF to ensure effective monitoring of PPP project implementation Policy Guidelines on Monitoring and Evaluation of PPP Projects, and Contract Management Sector Guidelines for DepEd, DOH, and DOTC PPP Projects Policy Briefs on Value for Money, and Optimizing PPP Center Interface with Departments PPP Units
Improving Capacities PPP Manual for national implementing agencies, including government-owned and controlled corporations Strengthen PPP enabling frameworks Institutionalize PPP best practices Establish long-term financing and risk guarantee mechanisms
152
153
6 2 5
7
Awarded Projects | Live Bidding (1) Daang Hari-SLEX Link Road Project (awarded) (2) PPP For School Infrastructure Project Phase I (3) LRT Line 1 South Extension (4) NAIA Expressway Phase II (5) Modernization of the Philippine Orthopedic Center (6) Rehabilitation, O&M of Angat Hydro-Electric Powerplant AuxilliaryTurbines 4 & 5 (7) Automated Fare Collection System (8) Mactan-Cebu Intl. Airport New Passenger Terminal Building (9) PPP for School Infrastructure Project Phase II
3 4
154
14 4
PPP Projects in the Pipeline 1. NLEX-SLEX Connector Road 2. Cavite-Laguna Expressway 3. Civil Registration System Information Technology Project Phase II 4. Vaccine Self-Sufficiency Project Phase II 5. Talisay City Plaza Complex Heritage Restoration and Redevelopment Project 6. Enhanced O&M Panglao Airport 7. O&M of Laguindingan Airport 8. Estab lishment of Cold Chain Systems 9. Grains Central Project 10.O&M of LRT Line 2 11.O&M of Puerto Princesa Airport 12.New Centennial Water Supply 13.Rehab ilitation of Quirino Highway Project 14.Integrated Transport System Project 15.Bulacan Bulk Water Supply Project 16.El Nido Water Supply and Sanitation System Project 17.Regional Prison Facilities through PPP
8 2
12
10 13 1 15 5
16
6 6
11
9 17
7
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156
157
Mr. Amando M. Tetangco, Jr. is the Governor of the Bangko Sentral ng Pilipinas (BSP). He was reappointed for a second term commencing 4 July 2011. As BSP Governor, he serves as Chairman of the Monetary Board, the BSPs principal monetary policy-making body. He is also the Chairman of the Anti-MoneyLaundering Council (AMLC). A career central banker, Governor Tetangco has been in the service of the BSP for more than three decades. Prior to his first appointment as Governor in July 2005, he was Deputy Governor in-charge of the Banking Services Sector, Economic Research and Treasury of the BSP. He also served as Alternate Executive Director of the International Monetary Fund in Washington, D.C. from 1992 to 1994. Governor Tetangco is involved in various organizations in the Philippines and overseas. Domestically, he is, among other positions held, Chairman of the Philippine International Convention Center (PICC), Vice-Chairman of the Agriculture Credit Policy Council, member of the Capital Markets Development Council (CMDC) and the Export Development Council (EDC). Overseas, he represents the country in ASEAN Central Bank Forum, Executive Meeting of East Asia and Pacific (EMEAP) Central Banks, South East Asia Central Banks (SEACEN), South East Asia, New Zealand and Australia (SEANZA), and Center for Latin American Monetary Studies (CEMLA). In addition, he is the Governor for the Philippines in the International Monetary Fund (IMF) and the Alternate Governor in the World Bank (WB) and in the Asian Development Bank (ADB). Governor Tetangco studied economics and business administration at the Ateneo de Manila University. He finished his MA in Public Policy and Administration with a concentration in Development Economics at the University of Wisconsin-Madison in the United States. He has attended various training programs at different institutions including the Harvard Business School. 158
Mr. Cesar V. Purisima was appointed Finance Secretary by President Benigno S. Aquino III in June 2010. He als o briefly served as Finance Secretary in 2005 and as Trade and Industry Secretary in 2004. In October 2012, Secretary Purisima was named Finance Minister of the Year by Euromoney Magazine for his careful and successful stewardship of the local economy. In 2011, he was also recognized by Emerging Markets Magazine as the Finance Minister of the Year for Asia for his strong policy track record and steadfast commitment to maintaining economic stability. In addition, he w as Chairman of the Board of Governors for the 45th ADB Annual Meeting held in Manila last May 2012. His government servic e experience include serving as Chair of the Board of various government entities among them, the Land Bank of the Philippines, National Pow er Corporation, and Philippine Deposit Insurance Corporation; and as Member of the Monetary Board of Bangko Sentral ng Pilipinas. Secretary Purisima has had extensive work experience in public accounting both here and abroad. He was Area Managing Partner as head of the Asia Pacific Assurance Practic e of Andersen Worldw ide from 2001-2002, and was Regional Managing Partner as head of the ASEAN operation from 2000-2001. He was member of the Global Board of Andersen Worldw ide from 1999-2002 and the Global Executive Board of Ernst & Young from2002-2004. He w as als o Chairman and Managing Partner of SGV & Co until January 2004. Likew is e, he has been a member of various business organizations including the Management Association of the Philippines, Philippine Institute of Certif ied Public Accountants, Philippine-France Business Council, Philippine-Thailand Business Council and the Makati Business Club, among others. Secretary Purisima obtained his Bachelor of Science in Commerce, Major in Accounting and Management of Financial Institutions from De La Salle University (1979) and his MBA from JL Kellogg Graduate School of Management, Northwestern University in Chicago, Illinois (1983). In 1979, he w as among the top placers in the Philippine Board Examinations for Certified Public Accountants.
159
160
Mr. Florencio B. Abad was appointed by President Benigno Aquino III as Secretary of Budget and Management in July 2010. He also served as Secretary of Agrarian Reform during the late President Corazon Aquinos administration and served as Secretary of Education under the Arroyo administration. He was elected member of the House of Representatives in 1987 representing the Lone District of Batanes. He was subsequently re-elected in 1995, 1998 and 2001. He became president of the Liberal Party of the Philippines from 1999 to 2004 and is currently the Vice President for Policy and Platforms. Secretary Abad finished his Bachelor of Science in Business Management, and Bachelor of Laws at the Ateneo de Manila University and passed the Bar Examination in 1985. A fellow of the Edward Mason Program in Public Policy and Management at the Kennedy School of Go vernment in Harvard University in Cambridge, Massachusetts, he also holds a Masters in Public Administration degree. Previously, Secretary Abad was a union organizer/trainer, research director of the Ateneo Center for Social Policy and Public Affairs, and a legal and management consultant to different local and foreign foundations.
161
Mr. Gregory L. Domingo was appointed as Trade and Industry Secretary by President Benigno Aquino III in July 2010. He previously served as Department of Trade and Industry (DTI) Undersecretary for the Industry and In vestments Group (IIG) and Managing Head of the Board of Investments (BOI) from May 2001 to April 2004. Prior to his stints with the government, he was President of Carmelray-JTCI Corp. (CJC) from July 1997 to November 2000. He worked for Chase-Manhattan Bank in various capacities from July 1989 July 1997 and with a number of financial institutions in the United States (First Boston, Drexel Burnham Lambert and Mellon Bank) from 1982 to 1989. Secretary Domingo also served as Vice Chairman of Belle Corporation and director for SM In vestments Corp., BDO Private Bank, PASUDECO, Manila Electric Corp., Pico de Loro Beach and Country Club, Wharton-Penn Club, and Foreign Exchange Association of the Philippines. He was also a member of the Open Market Committee of the Bankers Association of the Philippines (BAP). Secretary Domingo obtained his Masters of Science in Operations Research at the Wharton School-University of Pennsylvania in 1982, finished his MBA with distinction at the Asian Institute of Management in 1980, and graduated with a bachelors degree in Management Engineering at the Ateneo de Manila University in 1976.
162
Mr. Rogelio L. Singson, in leading the State's engineering and construction arm as its 42nd head, advocates transformation and innovation in governance through transparency and accountability, doing the right project, for the right price and the right quality, and undertaking more public-private partnership (PPP) projects. Secretary Singson has extensive experience in both government and private sector in the field of privatization and public-private partnership, management of tollroads and expressways, water and power utilities privatization, airports, seaports and resorts. He was President and Chief Executi ve Officer of Maynilad Water Services, Inc. after its reprivatization from July 1, 2007 to June 30, 2010 under new owners, the DMCI-Metro Pacific Consortium. He also served in various executive positions both in government and private entities to include the position of Chairman and President of Bases Conversion and Development Authority His other past involvements in the public sector includes serving as Executive Director of the Coordinating Council of the Philippine Assistance Program which coordinate and monitor the official development assistance project and programs from May 1991 to November 1992; and Assistant Cabinet Secretary under the Office of the President Corazon C. Aquino from July 1987 to May 1991. Secretary Singson obtained his Bachelor of Science Degree in Industrial Engineering from the University of the Philippines in 1971 and attended a Master's Program in Public & Business Management at the De La Salle University. He also attended various trainings abroad on PPP, privatization and Build Operate Transfer (BOT) Schemes.
163
Mr. Joseph Emilio Aguinaldo Abaya was appointed as Transportation and Communications Secretary by President Benigno S. Aquino III on October 18, 2012, making him the 17th head of the department. Upon his assumption to office, Secretary Abaya was ordered by the President to continue intensifying the buildup of transportation infrastructure in the country, in line with DOTCs objective of providing the people with convenient, affordable, reliable, efficient and safe transport systems on land, sea and air. Prior to his appointment, Secretary Aba ya was a member of the House of Representatives, representing the 1st District of Cavite for three consecutive terms beginning 2004. He chaired the Committee of Appropriations in the 15th Congress. Before joining public service, he was a Lieutenant Commander in the Philippine Navy, having earned this rank over the course of 20 years on active duty. He started out as a naval officer aboard different vessels and was eventually assigned to the presidential yacht, BRP Ang Pangulo. Notably, he served as aide-de-camp of former President Corazon Aquino, over two decades before her son would appoint him to his own official family. Secretary Abaya obtained his Electrical Engineering degree from the University of the Philippines-Diliman and received citations as a University and College Scholar. After a year in UP, he then entered the Philippine Military Academy (PMA) and later on was sent to the US Naval Academy (USNA) in Annapolis, Maryland, where he earned his Bachelor's Degree in Mathematics. He also obtained his Master of Arts Degree in Electrical Engineering at Cornell University in Ithaca, New York. He received his Juris Doctorate from the Ateneo de Manila University School of Law in 2005 and was admitted to the Philippine Bar in 2007. 164
165
166
What trulymakes the Philippines a unique, amazing, and special place to see? For the Department of Tourism, it has found the simplest, most direct answer to the fundamental question of every traveler through its tourism campaign, Its more fun in the Philippines. The new expression is a powerful, compelling idea that draws strength from the fact that it is a fundamental truth about the Philippinesthe Philippines is not just a place to see, it is a place to be. The man behind this tagline that became a top trending topic on social media sites is a writer, mentor, former instructor, marketing communications expert, and one of the pillars of Philippine advertising the Honorable Ramon R. Jimenez, Jr., Secretaryof the Department of Tourism. Today with over 75,000 memes of the tagline contributed by people from all walks of life, the campaign has certainly built a new sense of excitement around the tourism brand and elicited renewed enthusiasm for the countrys tourism industry. In keeping with his promise to make tourism the peoples business, Secretary Jimenez aims to transform the department into a primary selling unit with the ultimate goal of not only improving statistics, but also ensuring that every endeavor would be fulfilling and profitable for Filipinos. Under his leadership, the DOT has joined convergence projects with government agencies and the private sector, and activelyespoused policyreforms. Secretary Jimenez hopes to build enough energy around tourism to give the Philippines the global attention it deserves. Brimming with confidence, he looks forward to meeting the target of 10 million foreign tourist arrivals by 2016, and seeing tourism finallytake its place as a keydriver of socio-economic progress in the country, to make it more fun for all. 167
Kim S. Jacinto-Henares Commissioner Bureau of Internal Revenue (BIR) Ms. Kim S. Jacinto-Henares was appointed as Commissioner of the Bureau of Internal Revenue on July 2010. Prior to her appointment, Commissioner Henares was Senior Private Sector Development Specialist at the Worldbank Group where she co-convened for and in behalf of the International Finance Corporation (IFC), the Growth and Investment Climate Working Group of the Philippine Development Forum to establish the national strategy for increasing growth and improving the investment climate in the Philippines. She was also in charge of the Worldbanks National Program Supporting Tax Administration Reform (NPSTAR) a US$11 Million loan to the Bureau of Internal Revenue to implement reforms in tax administration. Commissioner Henares was the Deputy Commissioner for the Special Concerns Group of the BIR from August 2003 November 2005 and was a consultant to the Commissioner from January 2003 August 5, 2003. As consultant at the International Development and Legal Consultant, she served as trade expert to the EU funded ASEAN Single Window Project, a pilot implementation of ASEAN Single Window between the Philippine Bureau of Customs and the Royal Thailand Customs; International Law Expert for the development of a Philippine National Strategy of Accession to the Revised Kyoto Convention; among others. She has also previously held various positions in government such as Director of the National Power Corporation and Power Sector Assets & Liabilities Management Corp., Chairman of Cagayan Economic Zone Authority, Governor of Board of Investments and Representative of the Investment Coordinating Committee. Commissioner Henares obtained her Master of Laws major in International and Comparative Law from Georgetown University in Washington D.C., U.S.A. She earned her Bachelor of Laws degree from Ateneo de Manila University and Bachelor of Science in Commerce major in Accounting from De La Salle University. 168
Mr. Ruffy Biazon was appointed by President Benigno S. Aquino III as the Commissioner of Customs on September 16, 2011. He is a former member of the Philippine House of Representatives, serving in the 12th, 13th and 14th Congress from 2001 to 2010. He represented the Lone Congressional District of Muntinlupa City. In Congress, he served as Chairman of the Committee on Metro Manila Development, Vice Chairman of the Committee on National Defense and Security, Vice Chairman of the Committee on Information and Communications Technology, Vice Chairman of the Committee on Appropriations and member of the Congressional Oversight Committee on Visiting Forces Agreement. His three terms as legislator was marked by very significant achievements. He was principal author of 8 Republic Acts and co-author of 36 others. In his last term in Congress, he filed a total of 81 bills and resolutions, most of which are national in scope. For his exemplary performance as House Representative, Commissioner Biazon was cited by the Philippine Daily Inquirer as one of the most prolific legislators. The Philippine Graphic Magazine also included him as one of the Top 100 Young Leaders of the country and the Philippines Free Press Magazine as an Outstanding Congressman.
169
Ms. Teresita J. Herbosa was appointed as the Chairperson of the Securities and Exchange Commission in May 2011. Since her appointment, SECs operations have gone through complete computerization. She has embarked on an extensive capacity building of SEC personnel through training, recruitment and adoption of a performance-based evaluation system. Chairperson Herbosa having specialized in litigation for more than 30 years, has directed the SEC departments concerned to step up investigations and enforcement actions through the imposition of administrative sanctions and filing of criminal cases against persons who commit securities law violations. Apart from her job at the SEC, by law, Chairperson Herbosa is a member of the Anti-Money Laundering Council (AMLC), heads the Business and Economic Sector of the Office for Competition under the DOJ, and is Chairperson of the Credit Information Corporation which is the central credit bureau of the country. Prior to the SEC, she was a senior partner and the first female co-managing partner of the Angara Abello Concepcion Regala & Cruz Law Office (ACCRALaw). She has also received numerous citations for her legal excellence from the International Financial Law Review in its publication Guide to the Worlds Leading International Business Law Firms 2001 Edition, the Asia Pacific Legal 500 (The Guide to Asias Commercial Law Firms), and the International Whos Who of Regulatory Communications Lawyers, and other publications. Chairperson Herbosa obtained her Master of Comparative Law degree from the University of Michigan Law School in Ann Arbor, Michigan. She graduated with the degrees of Bachelor of Arts cum laude and Bachelor of Laws cum laude from the University of the Philippines.
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Ms. Cosette V. Canilao is the Executive Director of the Public-Private Partnership (PPP) Center. Prior to joining the PPP Center, she was a Director of Standard Bank where she established and headed its distressed debt servicing business in the Philippines. Ms. Canilao was also the President and CEO of the banks various SPV companies. She is also a former partner of PricewaterhouseCoopers where she headed the Crisis Management Practice and Financial Services (FS) Industry consulting. She started her career in program lending and corporate banking. Ms. Canilao holds a Master of Science in Finance degree from the University of the Philippines. She has attended numerous trainings in the course of her career including an executive program at Harvard Business School.
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Private Sector
Mr. Guillermo M. Luz is the Private Sector Co-Chairman of the National Competitiveness Council, a public-private sector body dedicated to developing a strategy for the long-term competitiveness of the Philippines through policy reforms, project implementation, institution-building, and performance monitoring. He was Executive Vice President and Chief Operating Officer of Ayala Foundation from December 2006 to May 2011, a foundation which manages projects in education, environment, entrepreneurship, arts and culture, and community development. He concurrentlyserved as Director of Ayala Museum from January2010 to May 2011 He was Executive Director of the Makati Business Club from 1987 to 2006, after joining its staff in 1983. While at MBC, he concurrently served as Executive Director of the Philippines-United States Business Council, Philippine-British Business Council, Philippines-France Business Council, Philippines-Singapore Business Council, and Philippines-Malaysia Business Council. Mr. Luz was the Secretary-General of NAMFREL from 1992 to 2006, overseeing preparations for its Operation Quick Count and pollwatching in the 1992, 1995, 1998, 2001, and 2004 elections.
172
Private Sector
Erramon I. Aboitiz President and Chief Executive Officer Aboitiz Equity Ventures
Mr. Erramon I. Aboitiz is the President and CEO of Aboitiz Equity Ventures, Aboitiz Power Corporation, and Aboitiz & CompanyInc. He also occupies various positions in other companies. He is the Chairman of Aboitiz Renewables, Inc., Therma Power, Inc., SN Aboitiz Power, Davao Light & Power Co., Cotabato Light & Power Co., Subic EnerZone Corp., City Savings Bank, San Fernando Electric Light and Power Co., and Aboitiz Foundation, Inc. He is the Director of Union Bank of the Philippines, Pilmico Foods Corp., AboitizLand, Inc., and Family Business Development Center (Ateneo de Manila University). Mr. Aboitiz obtained his Bachelor of Science degree in Business Administration major in Accounting and Finance from Gonzaga University, Spokane, USA.
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Private Sector
Dr. Paco Sandejas is the Founder and Managing Partner of Narra Venture Capital ("NarraVC") which invests in hightechnology companies in the fields of semiconductors, communications, computing, internet, software, and alternative energy. Based in the Philippines, Dr. Sandejas invests in Silicon Valley, the Philippines and other technology hubs of the United States and Asia. He assists NarraVC's investment companies and clients with early stage financing, marketing, business development, and strategic advice. NarraVC's management group in the Philippines also provides high-technology management and consulting services. Some of NarraVC's successful past investments are SiRF (now CSR), Inphi Corporation, and Sandbridge Technologies. Dr. Sandejas is also on the boards of Quintic Holdings, Astute Networks, Stratpoint Technologies, PSI Technologies, Xepto Computing, Credit Information Corporation (Philippines), and Philippine Development Foundation. Dr. Sandejas has Ph.D. and M.S. degrees in Electrical Engineering from Stanford University where he co-invented the Grating Light Valve. He holds six US and international patents. He completed his B.S. Applied Physics degree from the University of the Philippines as its first summa cum laude and was awarded one of the Ten Outstanding Students of the Philippines in 1989 by the Philippine President. He has worked as a research consultant for two start-ups in optical nanotechnology, as a Product Manager at Applied Materials, and as Vice-President at H&Q Asia Pacific.
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Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr. A. Mabini St. cor. P. Ocampo St., Malate Manila Telephone Number: (632) 708-7206 Fax Number: (632) 708-7209 Department of Agriculture Secretary Proceso J. Alcala 4/F, DA Annex Bldg. Diliman, Quezon City Telephone Number: (632) 920-3986 / 920-2223 Fax Number: (632) 926-6426 Department of Budget and Management Secretary Florencio B. Abad General Solano Street, San Miguel, Manila Telephone Number: (632) 735-4926 / 735-4929 Fax Number: (632) 735-1955 Department of Energy Secretary Carlos Jericho L. Petilla Energy Center, Merritt Road, Fort Bonifacio, Taguig City Telephone Number: (632) 840-2008 Fax Number: (632) 812-6194 175 Department of Finance Secretary Cesar V. Purisima 6/F, Department of Finance Building, Roxas Boulevard, Manila Telephone Number: (632) 523-9215 / 523-9219 Fax Number: (632) 526-8474 Bureau of Customs Commissioner Rozzano Rufino B. Biazon BOC Bldg., South Harbor, Port Area, Manila Telephone Number: (632) 527-4537 / 527-4573 Fax Number: (632) 527-4573 Bureau of Internal Revenue Commissioner Kim S. Jacinto-Henares National Office Bldg, Agham Road, Diliman, Quezon City Telephone Number: (632) 921-0430 / 924-2915 Fax Number: (632) 925-1789 Securities and Exchange Commission Chairperson Teresita J. Herbosa SEC Bldg., EDSA, Greenhills Telephone Number: (632) 584-5343 / 584-5767 Fax Number: (632) 584-5498
Directory
Department of Public Works and Highways Secretary Rogelio L. Singson Bonifacio Drive, Port Area, Manila Telephone Number: (632) 304-3300 Fax Number: (632) 304-3020 Department of Tourism Secretary Ramon R. Jimenez, Jr. Department of Tourism Bldg., T.M. Kalaw Street, Manila Telephone Number: (632) 523-8411 Fax Number: (632) 521-7374 Department of Trade and Industry Secretary Gregory L. Domingo Industry and Investments Bldg., Senator Gil Puyat Ave., Makati City Telephone Number: (632) 890-9333 / 896-1166 Fax Number: (632) 899-5518 Department of Transportation and Communications Secretary Joseph Emilio Abaya The Columbia Tower, Brgy. Wack-Wack Ortigas Ave., Mandaluyong City Telephone Number: (632) 727-7109 Fax Number: (632) 726-7104 176 National Economic and Development Authority Secretary Arsenio M. Balisacan 12 Jose Maria Blessed Escriva Drive, Ortigas Center, Pasig City Telephone Number: (632) 631-3716 / 3747 Fax Number: (632) 631-3747 Public-Private Partnership Center Executive Director Cosette V. Canilao NEDA sa QC, EDSA, Diliman, 1103 Quezon City Telephone Number: (632) 929-4968 / 929-5187 Fax Number: (632) 929-8593
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Contact Information
For further information about the Investor Relations Office, or about the Philippine economy, please contact: Claro P. Fernandez Investor Relations Office Bangko Sentral ng Pilipinas A. Mabini St. cor. P. Ocampo St. Malate Manila, Philippines 1004 Tel: (632) 708-7487 / (632) 336-7124 Email: FernandezCP@bsp.gov.ph Fax: (632) 708-7489 Website: www.iro.ph
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