HOME PAGE ABOUT US CONTACT US SUBSCRIBE ADVERTISE ARCHIVES
TOP STORIES NATION ECONOMY COMPANIES SHIPPING OPINION PERSPECTIVE LIFE SPORTS BANKING
SEARCH ENGINE
WWWOur Site
Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino
Monday to Friday
8:00pm-10:00pm

ARTICLE SERVICES
  • bookmark this page
  • print this article
  • view archive
  • Francis G. Estrada, president of the Asian Institute of Management, lists the Philippines’s business efficiency strengths at a forum on the results of the 2008 world report on the State of Competitiveness. Nonie Reyes

     

    New export services of $15B forecast

     

    By Cai U. Ordinario

    Reporter

     

    THE National Competitiveness Council (NCC) and the Philippines Exporters Confederation Inc. (Philexport) are confident the export of new services will prop up the country’s merchandise-export performance in two years as they project revenues to reach $15 billion a year until 2010.

    In his presentation at the 2008 State of Philippine Competitiveness National Conference on Tuesday, Ambassador Cesar Bautista, NCC cochairman for the private sector, said the council is targeting to increase the export of new services to generate around $15 billion in revenues, which represents at least a 30-percent increase in export performance.

    This is part of the targets of the NCC that also includes improving the Philippines’ ranking in major international surveys, such as the World Competitiveness Yearbook, to reach the top one-third, and to boost foreign direct investments to account for 3 percent to 4 percent of the country’s gross domestic product.

    Bautista stressed that the list of targets is not a “wish list” since the NCC believes these are reasonable and possible projections.

    Philexport president Sergio Ortiz-Luis Jr. agreed and said the export target of the NCC is doable, considering that in 2006 new export services generated around $4 billion; last year it generated $8 billion.

    Revenues from new export services in 2007 roughly accounted for 16 percent of total exports, which generated total revenues of around P50.47 billion.

    Bautista said while the Philippines is still ranked among countries with the most competitive electronics industry in the world, pinning hopes on electronics alone will not boost export growth to competitive and desirable levels.

    By honing and improving new export services, such as information technology (IT)-related services, the country, he said, would be able to generate more export revenues.

    These IT-enabled services include call centers, legal records and medical transcription, considered at the high end of services.

    Other services include accountancy, publications, software development, financial management, research, abstracts, data mining, human-resource services, web-site design and data encoding.

    Besides these general targets, Bautista said the NCC aims to achieve a 10-percent improvement in English, science and math; increase the number of double dual-training graduates to 100,000; secure ISO 9001 certification for at least three public offices; and encourage around 100 to 150 local government units to create world-class road maps this year.

    Other 2008 targets include liberalizing policies to spur financing for small and medium enterprises; create an integrated plan for Batangas, Clark, Subic strategic value-added hubs; lower electricity rate for the export sector to around P1 to P2 per kilowatt-hour; increase support from Philippine Development Forum financing and foreign chambers; and continuing the advocacy and competitiveness movement to provinces and the general public.

    Bautista said in order to achieve these targets, the NCC must be able to forge an effective partnership with government officials; create a strong network of companies, chambers, leaders, nongovernment groups, development partners; align individual actions to the whole; project financing outside government; and involve legislators and the Judiciary.

    OTHER STORIES

    Insurers to fight GSIS on CTPL


    Markets decline all around on Fannie


    Investor sentiment in RP down


    P4 billion more for Katas


    Iraq envoy


    Power privatization


    GSIS sued for remitting P1B to Palace in 2004


    Government urged to nix Nama proposals


    New export services


    5mo. remittance