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Finance Secretary Carlos Dominguez III has said that the government required what he
describes as an "audacious" economic strategy in order for the Philippines to "catch up
with its more vibrant neighbors" by 2022 and help it achieve high-income
economy status within a generation. The term DuterteNomics was coined to describe
the economic policy of the Duterte administration. The term also refers to the series of
forums where Duterte's economic team pitches the administration's plan to help the
country become a high-middle-income economy by 2022. [2]
The policy was unveiled on April 18, 2017, by the Department of Finance and
the Presidential Communications Operations Office (PCOO), in cooperation with the
Center for Strategy, Enterprise and Intelligence (CenSEI) in a forum held at Conrad
Manila in Pasay. A second forum was held on April 25, 2017.[2]
DuterteNomics was also pitched abroad, particularly at the 2017 World Economic
Forum on the Association of Southeast Asian Nations in Cambodia and at the sidelines
of the 2017 One Belt One Road Forum for International Cooperation in Beijing, China. [2]
Ten-point agenda[edit]
The economics team of then President-elect Rodrigo Duterte presented the following
points of Duterte's socioeconomic policy in a business forum in Davao in June 2016.
[3]
DuterteNomics is anchored on these ten principles.[2]
Completion
Project Construction Status Ref.
date
[13]
LRT Line 2 West extension 2021–2024 Proposed 2024
December
MRT Line 3 rehabilitation 2019–2021 Ongoing [13]
2021[needs update]
[13]
MRT Line 4 2021–2025 Proposed 2025
[13]
MRT Line 10 Proposed
[17]
PNR South Long Haul Proposed 2025
SkyTrain (Fort Bonifacio–
Proposed [13]
Makati SkyTrain)
[18]
Subic–Clark Railway Proposed 2024
Mindanao Railway Phase 1
(Tagum–Davao–Digos Proposed June 2023 [19]
Segment)
[13]
Cebu Monorail System Proposed
Urban transport[edit]
Completion
Project Construction Status Ref.
date
Under-
Cebu BRT system 2017–2022 March 2022 [13]
construction
Roadways[edit]
This section needs to be updated. Please help update this
article to reflect recent events or newly available
information. (January 2022)
Completion
Project Construction Status Ref.
date
Bacolod–Negros Occidental Under-
2017–2024 2024 [13][21]
Economic Highway construction
Under- [25]
Davao City Bypass Road 2020–2022 2022
construction
Under-
Davao City Coastal Road 2017–2023 2023 [25]
construction
November [13][26][27]
EDSA Greenways 2022–2024 Proposed
2024
Sindangan-Bayog-Lakewood Under-
2014–2022 2022 [13]
Road construction
Inter-island Bridges
project
Under-
Coron–Culion Bridge 2021–
construction
Panay–Guimaras–Negros
Proposed [13]
Bridge (Phase 1)
Under- December
Panguil Bay Bridge 2021–2023 [28]
construction 2023
Samal Island-Davao City
Proposed [13]
Connector Bridge
Under- [36]
Roma Point Bridge 2018–
construction
Expressways
Under- [28]
Metro Cebu Expressway 2018–2022 2022
construction
Under-
Pasig River Expressway 2021–2023 2023 [38]
construction
Under-
C-5 Southlink Expressway 2016–2022 2022 [40][41]
construction
Cavite–Tagaytay–Batangas
Proposed [13]
Expressway
January 15,
Metro Manila Skyway Stage 3 2014–2021 Completed [42][41]
2021
December [41]
Skyway Extension 2019–2021 Completed
10, 2021
[41][43]
NLEX Harbor Link 2014–2020 Completed June 15,
2020
Under-
NLEX–SLEX Connector Road 2019–2022 March 2022 [42][40][41]
construction
Under-
SLEX Toll Road 4 2019–2022 2022 [39]
construction
[39]
SLEX Toll Road 5 Proposed
Tarlac–Pangasinan–La Union
[39]
Expressway (TPLEX) Proposed
Extension
[47]
J.P. Rizal–St. Mary Bridge Proposed
November
Laguna Lake Highway 2016–2018 Completed [40]
15, 2018
Under- [40][41]
Mindanao Avenue Extension 2017–
construction
[47]
Palanca–Villegas Bridge 2021–2023 Proposed 2023
Guadalupe [47][40]
Proposed
Bridge Rehabilitation
Airports[edit]
Completion
Project Construction Status Ref.
date
Bacolod–Silay [13]
Proposed
International Airport
Bicol International
October 7,
Airport Development 2016–2021 Completed [49]
2021
project (New Legazpi)
Bohol-Panglao
International Airport (New November [50]
2016–2018 Completed
Bohol International 27, 2018
Airport)
Calbayog
2017–2021 Completed May 5, 2021
Airport expansion
project
General Santos
Under-
International [53]
construction
Airport expansion
Kalibo International
2018–2021 Completed June 4, 2021 [13][54]
Airport expansion
Laguindingan [13]
Proposed
Airport expansion
Mactan–Cebu
International 2015–2021 Completed May 5, 2021 [55]
Airport expansion
Puerto Princesa
[57]
International Proposed
Airport expansion
February 15,
Sangley Point Airport 2019–2020 Completed [58]
2020
Siquijor Airport upgrading August 26,
2018–2021 Completed [59]
and expansion 2021
Cagayan North
March 23, [49]
International Airport (Lal- ?–18 Completed
2018
lo International Airport)
Seaports[edit]
Completion
Project Construction Status Ref.
Date
November
Borac Port ?–2019 Completed [60]
2019
Urban development[edit]
Constructio Completion
Project Status Ref.
n date
Cavite Industrial
Area Flood
Proposed [64]
Management
Program
[13]
Emergency 2017–2022 Under- 2022
Assistance for construction
Reconstruction and
Recovery of Marawi
(Output 2:
Reconstruction and
Development Plan
for a Greater
Marawi, Stage 2)
Integrated Disaster
Risk Reduction and
Climate Change Under- [13][65]
2018–2022 March 2022
Adaptation in Low- construction
Lying Areas of
Pampanga Bay
Marawi
Rehabilitation
(China Grant)
a.) Bridge
and Bypass 2017– Under- Decembe [13]
project 2021 construction r 2021
b.) Grand
Padian
Market and
Sports
Complex
New Clark
City Phase 1:
a.) National
Government
Administrativ
e Center 2016 Octob
Phase 1A Complete [13][52]
– er
b.) Filinvest d [66]
2019 2019
Mixed Use
Industrial
Development
Phase 1 (Site
Development
)
Pasig–
Marikina
River Under-
Channel constructi
Improvement on
project
(Phase IV)
Reconstructi
on and
2017 Under-
Developmen
– constructi 2022 [13]
t Plan for
2022 on
Greater
Marawi
Water resources[edit]
Completion
Project Construction Status Ref.
date
Angat Water
Transmission 2016–2020 Completed June 2020 [67]
Improvement project
[13]
Aqueduct No. 7 project Proposed
Malitubog-Maridagao [13]
Proposed
Irrigation project
Water District
Development Sector Proposed [13]
projects (ADB-WDDSP)
Completion
Project Construction Status Ref.
Date
ICT Capability Development Under- [13][71]
and Management Program construction
[13]
LTO Command Center Proposed
National Interoperable
Automatic Fare Collection
System project (formerly Proposed [13]
Completion
Project Construction Status Ref.
Date
Health[edit]
Economic trends[edit]
Economic outlook[edit]
In December 2017, government data revealed that the Philippines' output of nickel ore
fell 16 percent in the third quarter from a year earlier, after the country, which is the
world's top supplier of the metal, suspended some mines in a clampdown on
environmental violations. Production dropped to 19.8 million tons in the nine months to
September from 25.97 million tonnes a year ago, according to the data. [74] According to
Finance Secretary Carlos Dominguez, the "Philippine economy is delivering the
performance we anticipated, notwithstanding the political noise and a significant terrorist
event in Mindanao". Dominguez gave the assessment during the Banyan Tree
Leadership Forum of the Center for Strategic and International Studies. [75]
On March 31, 2018, the Financial Times reported that the export of the Philippines has
continued its drastic drop for the fifth month in a row, [76] while the Philippine Statistics
Authority reported that the trade deficit of the country has widened to 47.6%,
endangering further the country's local economies. [77]
In October 2018, the World Bank downgraded the economic outlook of the Philippines
for 2018, but expects it to remain strong.[78] FMIC and UA&P expect the economy to
improve in the second half of 2018.[79] On October 24, the Philippines improved its
ranking by 29 places in the Ease of Doing Business rankings. [80]
On November 2, 2018, the Philippines slipped 11 places from the World Bank's Ease of
Doing Business rankings.[81][82] The Department of Finance is demanding a correction
from the World Bank, citing the smaller data set used to assess the country's credit
base.[83][84]
Inflation rate[edit]
On July 5, 2018, the inflation rate of the country soared to 5.2%, its highest in 5 years.
[85]
The inflation rate worsened the impacts of the government's new tax policy,
increasing the price of all goods in the country. [86]
In September 2018, the inflation rate of the country further increased to 6.7%, its
highest in a decade.[87][88] President Duterte blamed American president Donald
Trump for the inflation increase.[89] Opposition Senator Francis Pangilinan, however,
pointed out that if the United States was to blame, then all countries in ASEAN should
have been experiencing the same, and only the Philippines had a very high inflation rate
in the entire region at that time. [90] On September 21, 2018, Duterte
signed Administrative Order No. 13, removing non-tariff barriers in the importation of
agricultural products, to address soaring inflation rates. [91][92]
According to ING, with food prices decreasing, the worst of the inflation crisis is over.
[93]
Inflation decreased in November 2018, at 5.8 to 6.6 percent. [94] BSP decreased its
inflation forecast for 2019, after the passage of the rice tariffication bill. [95]
Inflation stayed at 6.7 percent in October 2018, higher than expected. [96] July 2019 was
met with a 2.4% inflation rate.[97] October 2019 received an 0.8% inflation rate, the
lowest under Duterte.[98] However, this increased to 2.5% by December 2019. [99] and
increased again to 2.7% by July 2020.[100]
Income and employment[edit]
Economic managers predict the accession of the Philippine economy to upper-middle-
income status by 2019, citing massive infrastructure spending and robust growth. [101][102]
[103]
COVID-19 pandemic[edit]
See also: COVID-19 recession and COVID-19 pandemic in the Philippines § Economic
impact
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno and then-NEDA Director-
General Ernesto Pernia forecast that the Philippine economy would likely enter
a recession in 2020 due to the effect of the pandemic. Diokno stated that, although the
first quarter is likely to grow by 3% since the Luzon-wide enhanced community
quarantine only took effect near the end of the quarter, the second and third quarters
would likely experience contractions in economic growth. [104]
The unemployment rate of the country continued to follow a downward trend since
2005, however, it reached a record-high 17.7% in April 2020, where 1 in every 5
persons in the labor force are unemployed, accounting to 7.3 million jobless Filipinos. [105]
[106]
On the second quarter of 2020, the Philippine economy went into a recession for the
first time in 29 years, where it shrank by 16.5%, which was one of the biggest falls in the
Southeast Asian region. GDP fell by 9%. Seasonally adjusted GDP fell by 15.2 percent
in the second quarter from the first three months of the year. [107]
The government expects an economic rebound by 2021, driven in part by the BBB
infrastructure program.[108][109]
References[edit]
FEATURED PROJECTS
Source: build.gov.ph
NOTE: The start date of projects may include pre-work and pre-planning stages such
as conceptualization or feasibility studies. The end date indicates the target completion
of the project depending on the Phase / Project described.
Project Description
New Clark City- Food Processing Terminal and International Food Market
Project Description
The New Clark City Food Processing Terminal and International Food Market is
envisioned to be a “stock exchange” of fresh produce and processed products. The
Project aims to attract investors from the private sector, local government units and
other associations and cooperatives to invest in managing storage and other
infrastructures and facilities for processing, handling, distribution of agricultural products
utilizing integrated research development and technology to be set-up in New Clark
City’s agro-industrial zone. The Project will consolidate food supply chain and post-
harvest production system (e.g., fruits, vegetables, poultry, and livestock) for Northern
and Central Luzon, Metro Manila and even neighboring countries, for a niche market
(organic produce, halal-certified goods).
Project Description
BBB PROJECTS. Public Works and Highways (DPWH) Undersecretary Emil K. Sadain
gives updates on the government’s big-ticket projects under Build, Build, Build program
during a virtual briefing hosted by the Presidential Communications Operations Office
(PCOO) on Tuesday (Feb. 8, 2022). Sadain said 18 of the 112 infrastructure flagship
projects (IFPs) would be completed by June this year, or at the end of the Duterte
administration. (Screengrab from PCOO/RTVM)
MANILA – Authorities are optimistic for the implementation of most infrastructure
projects proposed under the government’s "Build, Build, Build" program after noting the
project’s long-term impact on the economy.
These projects cost around PHP6.65 trillion and have an investment requirement of
around PHP3.12 trillion.
He is hopeful that the next administration will continue with the implementation of the
remaining projects “since most of these projects have been properly reviewed by the
NEDA-ICC (National Economic and Development Authority-Investment Coordination
Committee) Board and it went through a process.”
“And most of these are actually yielding a high impact economic analysis. The national
return is so huge,” he said.
Sadain also pointed out that “there’s no way the next administration will shelve most of
these projects but instead may be look at it and revisit. “
“We have seen also that the viability of implementing these projects are so strong
because of the huge economic impact that will be brought to the country. We believe
that these can be sustained by the next administration,” he said.
Sadain said the big-ticket inter-island projects under the Build, Build, Build include the
Bataan-Cavite Interlink Bridge, the Panglao-Tagbilaran City Offshore Connector,
Guicam Bridge, 3 Tawi-Tawi Bridges, the Panay-Guimaras-Negros Link Bridge, Cebu-
Mactan Bridge and Coastal [Road Construction], Panguil Bay Bridge, and the Samal
Island-Davao City Connector.
For Department of Transportation, he said the projects “of high importance” is the North
Commuter Railway and Metro Manila Subway.
He also mentioned the Wawa Bulk Water Supply Project of the Metropolitan
Waterworks and Sewerage System, the Jalaur River Multipurpose Project Stage 2.
During the same event, NEDA Undersecretary Roderick M. Planta said the NEDA-ICC-
approved IFPs that are ongoing have the basic principle “that the benefits outweigh the
cost.”
“So, we think that we could make a case for making the next administration see the
benefit of continuing its implementation,” he said.
He also made an appeal for the next administration to continue with infrastructure
development build up because of the big gap in the country. (PNA)
MANILA – With the Duterte administration entering its final year, the “Build, Build, Build”
program continues to deliver its promise of creating infrastructure that improves the
lives of Filipinos in the face of the Covid-19 pandemic and other challenges, Cabinet
secretaries said in a media briefing Friday.
Presidential Adviser for Flagship Programs and Projects Vince Dizon, who is also
president and Chief Executive Officer of the Bases Conversion and Development
Authority (BCDA), assured that while “Build, Build, Build” continued to make progress, it
is also setting up the foundation in terms of infrastructure for the next administration and
beyond.
“We only have less than one year left in the Duterte administration. Whoever the next
president will be, it is incumbent upon the next administration to not only continue, but to
fast-track all the good work that has been done under the leadership of President
Duterte,” Dizon said.
The Department of Public Works and Highways (DPWH) and the Department of
Transportation (DOTr), both of which implement the majority of the infrastructure
pipeline, joined Dizon in presenting the status of their projects in a press conference at
the ongoing Estrella-Pantaleon Bridge Project in Makati City. Socioeconomic Planning
Secretary Karl Kendrick Chua joined the event via video conferencing.
“A total of 6.5 million workers made ‘Build, Build, Build’ a reality. We are confident that
President Duterte’s promise of decongesting EDSA by 2022 will become a reality. In
one month, we will open the Pantaleon-Estrella Bridge which will connect Makati and
Mandaluyong within 12 minutes. Before the term of the President ends, we will
complete the construction of several big-ticket projects, including the Kalayaan Bridge
linking Taguig and Pasig, Binondo-Intramuros Bridge, Mindanao Avenue Extension,
Katipunan Avenue Extension, and the NLEX-SLEX Connector project which will connect
Skyway Stage 3 and NLEX Harbor Link,” said Public Works Secretary Mark Villar, chair
of the Cabinet’s infrastructure cluster.
Transportation Secretary Art Tugade, meanwhile, said, "Since 2016, the Department of
Transportation has completed a total of 212 airport projects and working on 102 more.
This 2021, we are set to inaugurate various completed airport projects in Clark,
Catarman, Butuan, Busuanga, Zamboanga, Siquijor, General Santos, and Bicol. Across
the archipelago, we have also completed a total of 446 seaport projects, while 117 more
are ongoing. New railways are also being built and existing rail lines are getting much-
needed upgrades. In fact, this month, we will finally inaugurate the LRT-2 East
Extension, and before the year ends, the massive rehabilitation of the MRT-3 and the
Common Station will be completed. To date, we have a total of 1,090 kilometers of
railway length with ongoing project implementation. To decongest EDSA, we have
established the EDSA Busway, and built Bike Lanes to promote active transport.”
When asked why the government is investing more money for infrastructure amid the
pandemic, Chua said, “We are investing in a wide range of infrastructure projects. They
are not only roads or airports but also health facilities, also digital infrastructure--one of
them is the National ID. All of these are needed during this pandemic and our move to
the new normal.”
The “Build, Build, Build” program is the Duterte administration’s ambitious infrastructure
development plan that is composed of thousands of projects to be implemented all over
the country.
In the briefing, the Cabinet secretaries reported that 212 airport projects, 446 seaport
projects, 10,376 flood mitigation structures, 26,494 kilometers of road, and 5,555
bridges have already been completed under the “Build, Build, Build” Program.
A total of 102 airport projects, 117 seaport projects, 1,090.30 kilometers of railway,
2,587 flood mitigation structures, 2,515 kilometers of road, and 1,020 bridges are
currently under construction.
The Cabinet’s infrastructure cluster also provided an overview of the revised list of
infrastructure flagship projects (IFPs) under the Duterte administration during the event.
From the previous iterations of the IFP list, seven flagship projects have been
completed. On 12 May 2021, the NEDA Board approved a revised list of 112 IFPs, of
which four projects have been completed, 29 projects are seen to be completed by
2021 and 2022, while 79 projects are expected to be completed by 2023 onwards.
The Duterte administration is leaving the next administration with a robust pipeline of
infrastructure projects, ensuring that the Filipino people will benefit from a legacy of
continuity.
“The Duterte administration delivered and nobody can dispute that, because all the
numbers we’re presenting are real,” Dizon said. (PR)