4th Quarter BES: one missing link

PHILIPPINES - Report 26 Dec 2023 by Diwa Guinigundo and Wilhelmina Manalac

This is the biggest hurdle for public authorities in achieving high and sustainable economic growth: to leverage on technology and strategic work systems. To the extent that private firms, whether big conglomerates or small business outfits, are capable of transcending a situation of limited capital resources and lean work complement, higher growth is possible through higher technology-driven gains in productivity.

In our assessment, this is the bigger context of the results of the BSP’s 4th quarter Business Expectations Survey. This is quite representative of business sentiment in the Philippines with 1,543 firms surveyed nationwide, with 583 firms in the National Capital Region, and 965 companies outside the metropolis covering 16 regions with a response rate of 65.1%. There was also a good representation of firm sizes: 43.7% were small; 33.6% medium; and nearly 13% large.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.