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The Philippines will be one of the world’s powerful economies by 2050 – largely driven by its population growth, according to a report by professional services giant PwC. In its 2017 report “The long view: how will the global economic order change by 2050?” PwC ranked 32 of the largest economies in the world, accounting for around 85% of world GDP, by their projected global gross domestic product by purchasing power parity. PwC analysis pegs the growth potential of the Philippines at #19 with a projected GDP at PPP of $3.334 trillion. Read Related Story: 7 Good Reasons to do Business in the Philippines PwC used the PPP measure of how gross domestic product at purchasing power parity adjusts for price level differences across countries, providing a better measure of the volume of goods and services produced. The report notes that many of the current powerful economies will be replaced by emerging markets in 33 years time. The Philippines is projected to make one of the greatest moves up the rankings, from IMF’s 2016 estimates at 28th spot to 19th spot in the 2050 PwC analysis for projections. The Philippines is projected to have an average annual GDP growth rate from 2016 to 2050 at 4.3%. The PwC report shows how growth in many emerging economies like the Philippines will be supported by relatively fast-growing populations, boosting domestic demand and the size of the workforce. PwC asserts though that this will, however, need to be complemented with investment in education Read More …
Metro Manila residents may have started to believe that heavy traffic is the new normal and they will just have to learn to live with it. But not Yuri Sarmiento, President of 1-TEAM, or 1-Transport Equipment Aggregator and Management Inc.. 1-TEAM improves the jeepney transport system in the Philippines by adopting new business models, modernizing systems, and developing correct values among drivers, conductors and operators “The traffic problem may be due to a lot of things. But if we try to address the issues one by one, it gives us the opportunity to bring about positive change,” Sarmiento said. “1-TEAM was organized to improve the jeepney transport system in the Philippines. We start by improving the values and lifestyles of jeepneys drivers, the main users of our roads. It is not just about replacing old jeepneys with new ones, but also adopting new business models, modernizing systems and developing correct values among drivers, conductors and operators,” Sarmiento said. Read Related Story: Jeepney undergoes safety, fuel efficiency modernization facelift 1-TEAM is a social enterprise that aims to uplift the lives of drivers, operators and other transport workers. At the forefront of the jeepney modernization, 1-TEAM empowers its drivers by professionalizing them and providing them with the right technologies, and more efficient mobility strategies such as on-time dispatching, GPS tracking, designated stops and automated fare collection system. 1-TEAM partly got its inspiration from Makati City’s Electric Jeepney or Ejeepney project, of which Sarmiento was the former Chief Executive Officer (CEO). The ejeepneys Read More …
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The fight for the UAAP men’s basketball championship was intense as ever on December 3rd, as perennial rivals La Salle and Ateneo clashed once again in the Araneta Stadium. Defending champions La Salle fought proudly to the end, but when the buzzer sounded at the end, it was Ateneo that emerged victorious. Losing to an archrival usually leaves a foul taste in the mouth for bitter enemies, but the De La Salle University community showed the victors the classy side of their rivalry by lighting up the facade of the university’s iconic St. La Salle Hall in blue: the colors of rival Ateneo de Manila University. The post went viral within minutes. It was the first time that Blue Eagles has managed to dethrone the Green Archers since 2012, who was going for their second successive title, and also the first time such a grand gesture was made. The act was shared by The LaSallian, the university’s paper. The gesture of sportsmanship was applauded by the supporters of both sides.
Photo via The Philippine Online Chronicles If you’re looking to cross of a bunch of names off your Christmas list, chances are you’ve thought of visiting one of the many Christmas bazaars happening across the country. The rows of stalls after stalls can be a little daunting and tiring to go through, so make sure you come up with a plan. We’ve also prepared a few helpful tips to make your bazaar experience a bit merrier for both yourself and the people behind the many shops you’ll be going to. Bring Your Own Shopping Bags Photo via The Clothing Shed If you’re looking to score a big haul when visiting your bazaar of choice this Christmas season, it may be wise to bring your own reusable shopping bag. In some cases, bazaars will ban the use of plastic bags and we all know what a pain it is to carry multiple papers bags, plus minimizing waste is always a good thing. Be on the Look Out for Unique Items Photo via Explore Philippines Bazaars are a great place to look for unique items that you won’t find just anywhere. In a sea of toys, clothes, and coffee mugs, you might just come across that perfect gift that stands out from the usual fare. Keep an eye out as you make your rounds, some of the stuff you’ll find at bazaars can really surprise you. Support Local Products and Start-Ups Photo via Out of Town Blog While you’re on the look out Read More …
File Picture Via Google Images Planning on getting some serious shopping done this holiday season? Well, you’ll be glad to know that many malls and shopping centers are extending their operating hours just for you so you have more time to grab Christmas gifts for your loved ones. Check out the mall schedules of the major malls in the metropolis from December 1 to Jan. 1 2018 below: SM Megamall: December 1-2: 11:00am to 12:00am December 3-7, 25: 11:00am to 11:00pm December 8-23: 11:00am to 12:00am December 24, 31: 9:00am to 7:00pm December 26-30: 10:00am to 11:00pm January 1, 2018: 12:00pm to 11:00pm SM Aura: December 1-7, 10-14: 11:00am to 11:00pm (M-F), 10:00am to 11:00pm (S-Sun) December 8, 15, 18-22: 11:00 am to 12:00 am December 9, 16-17, 23: 10:00 am to 12:00 am December 24, 31: 9:00 am to 7:00 pm January 1, 2018: 12:00 pm to 10:00 pm SM North EDSA: December 1, 8-23: 11:00 am to 12:00 am December 2: 10:00 am to 12:00 am December 3, 25-30: 10:00 am to 11:00 pm December 4-7: 11:00 am to 11:00 pm December 24, 31: 9:00 am to 7:00 pm January 1, 2018: 12:00 pm to 11:00 pm SM MOA: December 1-16 :11:00 am to 11:00 pm (Mon-Thu), 11:00 am to 12:00 am (Fri), 10:00 am to 12:00 am (Sat), 10:00 am to 11:00 am (Sun) December 18-22: 11:00 am to 12:00 am December 17, 23: 10:00 am to 12:00 am December 25-30: 10:00 am to 11:00 am December 24, 31: 9:00 am to 8:00 pm January 1, 2018: 12:00 pm to 11:00 pm Greenhills Shopping Center: December 1, 4-8, 18-22: 11:00am to 11:00pm December 2-3: 10:00am to Read More …
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