Bongbong Marcos

“ The planned expansion of infrastructure projects, I believe, would be possible if we continue to encourage the participation of the private sector in the development of our programs.
Public Private Partnerships or PPPs hold great potential for that expansion, [applause] for infrastructure development and for innovation.
Our infrastructure development is of primary importance as it is a necessary element to improve many other sectors — to include agriculture, tourism, general economic activity, and even to governance. ”

“ Tourism is not only an important economic development tool but the abundance of opportunities that the sector creates in terms of regular employment and even job creation at the grassroots level is undeniable. ”

“ If we are to attract investors, both local and foreign, to set up shop here in the Philippines.
At present, our demand for energy far exceeds our reliable supply. We must increase the level of energy production. We must look at every possible option that would be appropriate for the Philippine situation. There is some room to expand our present power supply through existing power sources, but this is only to a very limited extent. We must build new power plants. [applause] We must take advantage of all the best technology that is now available, especially in the areas of renewable energy. ”

“ And this will require a great deal of coordination and cooperation between concerned government agencies and private stakeholders.
Companies who exploit our natural resources must follow the law. We all have the responsibility to preserve this Earth, for we are but custodians, and we will pass on this great treasure to future generations. [applause]
There is no question that the preservation of the environment is the preservation of life. [applause]
If we cannot mitigate climate change, all our plans for the economy, all our plans for our future, will be for naught. ”

“ The call of the times is for the infusion of fresh and new blood in the agricultural sector. We need a new breed of farmers equipped with modern agricultural technology able to engage in sustained scientific farming that will not only increase farm yields, but also resilience in the face of climate change. [applause]
They say that each brand has a story. As for the Filipino brand, ours is deeply rooted in our rich cultural heritage and the tourism sector plays an invaluable role in the promotion of the Filipino brand. ”

“ Though we are a minor contributor to climate change globally, we have the unfortunate distinction of being one of the most vulnerable countries to the effects of climate change.
For the welfare of our people, it is incumbent upon us to alleviate the effects of that vulnerability. ”

“ The creativity of the Filipino is truly world-class. We excel in arts and culture, new media, live events — avenues which generate primary and downstream jobs for our creative and talented countrymen. Unfortunately, ang mga hanapbuhay na ito ang unang pinadapa ng pandemya at ang pinakahuli namang makakabalik sa normal.
The creative industry likewise faces many challenges including workplace conditions, working hours, intellectual property rights, and the welfare of our beloved freelancers who were left vulnerable during the height of the pandemic. ”

“ Solar power has steadily increased its efficiency in converting sunlight to electrical power, which is particularly attractive for the Philippines. Because unlike wind power, solar power is practical almost everywhere in the Philippines all year round.
In the move to lowering our carbon footprint caused by energy production, our advancement to renewables will have a lead time.
In the interim, natural gas will hold the key. We will provide investment incentives by clarifying the uncertain policy in upstream gas, particularly in the area close to Malampaya. ”

“ Our country must become an investment destination, capitalizing on the Corporate Recovery and Tax Incentives for Enterprises or the CREATE Law and the economic liberalization laws such as the Public Service Act and the Foreign Investments Act. ”

“ However, the recovery process from the impact of the pandemic is still on-going amid elevated uncertainty in the international economic environment. Revisions in the macro-economic assumptions incorporate these challenges and most recent economic developments, leading to upward adjustments in the following:
Inflation rate for 2022 to 2023; Foreign exchange rate for 2023 to 2025; and Goods and services imports growth for 2022 The economy is expected to grow by 6.5 to 7.5 percent this year as we continue to reopen the economy while considering the recent external developments. ”

“ Science, Technology, Engineering and Mathematics.
These skills and this knowledge are necessary for our young people to be able to compete in a highly technological and competitive world.
The raw talent is there in our young people. It is up to our educational system to develop and to refine that great pool of talent. [applause]
Foreign employers have always favored Filipino employees because of our command of the English language. This is an advantage that we must continue to enjoy.
The internet has now become the global marketplace. ”

“ Our search for new power sources should always be with an eye to improving the mix of the energy supply between traditional and renewable sources.
The technology on renewable energy is progressing rapidly. And many of these technologies are appropriate for the Philippines. We have already begun windmill power. We are now expanding very quickly our solar power production. ”

“ In the first quarter alone, GDP saw an increase in household consumption and private investments, along with a robust manufacturing industry, high vaccination rate, improved healthcare capacity, and an upward trend in tourism and employment. This is expected to continue for the rest of the year. This strong economic growth is projected to be sustained and expanded further to 6.5 to 8 percent from 2023 until 2028. ”

“ Lastly, exports of goods are expected to grow by 7 percent in 2022, and 6 percent from 2023 to 2028.
On the other hand, imports of goods are projected to grow by 18 percent in 2022, 6 percent in 2023, and 8 percent from 2024 to 2028.
I have instructed the NEDA to coordinate with other agencies and work on the Philippine Development Plan for 2023 to 2028 and to submit to me the complete blueprint and progress of its implementation not later than year-end.
One of the main drivers of our push for growth and employment will be in the agricultural sector. ”

“ Medium-term growth targets and the assumptions regarding key macroeconomic variables underpin the medium-term fiscal plan. The recent past and the COVID-19 pandemic has beset the macroeconomic environment with challenges and a series of external shocks. Inflation has accelerated in recent months due largely to significant increases in international prices of oil and other key commodities.
Still, the economic growth momentum remains firm as demonstrated by the strong 2022 first quarter GDP growth at 8.3 percent. ”

“ It has the daunting task now of transforming our government into an agile bureaucracy that is responsive to the needs of the public, provide good and solid data to ensure informed decision-making, as well as allow secure and seamless access to public services. ”

“ These may be through a combination of terrestrial or submarine fiber optics, wireless and even satellite technology.
As our Public Service Act has opened the doors and removed the restrictions on foreign investment, we foresee an increase in direct investment of overseas players.
This will translate into better quality, availability and affordability of telecommunications services all over the country.
We come now to infrastructure. The backbone of an economy is its infrastructure. ”

“ In the longer term, we are instituting a program of refresher courses and re-trainings for our teachers so they can stay abreast of the rapid growth in technology, especially in this post-pandemic world. ”

“ A moratorium will give the farmers the ability to channel their resources in developing their farms, maximizing their capacity to produce, and propel the growth of our economy. [applause]
The civil society organizations also support this because it will unburden the farmers of their dues and be able to focus on improving farm productivity.
Congress must also pass a law that will emancipate the agrarian reform beneficiaries from the agrarian reform debt burden, thereby amending Section 26 of Republic Act 6657. ”

“ Furthermore, and more importantly, fiscal policy aims to bring together the National Government’s resources so that these are mobilized and utilized in order to gain the maximum benefit and the high multiplier effects for our economy. ”

“ Children now need connectivity to the internet; they need devices to use; they need computers, educational tools [applause] so that they might participate fully in the digital community here and abroad. ”

“ One of the cornerstones of a strong healthcare system is the provision of competent and efficient medical professionals. We will exert all efforts to improve the welfare of our doctors, our nurses, and other medical frontliners. ”

“ We will also continue to improve our roads and transportation systems in key cities throughout the country through various projects such as the Cebu Bus Rapid Transit, Davao High Priority Bus System, Ilocos Norte Transportation Hub, and the El Nido Transport Terminal. [applause]
My order to the Department of Transportation or DOTr is really very simple: FULL SPEED AHEAD! [applause]
Improving our railway system, along with modernizing existing airports and seaports, will maximize our strategic location in the Pacific. And connect our many islands. ”

“ Landless war veterans Landless surviving spouse and orphans of war veterans Landless retirees of the Armed Forces of the Philippines and the Philippine National Police Agricultural lands acquired under this program will be given to graduates of college degrees in agriculture who are landless. ”

“ Dubai crude oil price is expected to settle at 90 to 110 USD per barrel in 2022, 80 to 100 USD per barrel in 2023, and 70 to 90 USD per barrel from 2024 onwards as oil supply is expected to catch up and stabilize over the medium-term. ”

“ The target is to accomplish the issuance of about 92-million IDs by the middle of next year.
As the world moves into rapid digitalization, the digital divide will become more pronounced. The depth and breadth at which these technologies will be transformative in our lives is fully expected. ”

“ This seeks to provide financial assistance to distressed enterprises critical to economic recovery through programs and initiatives to be implemented by the Land Bank of the Philippines, the Development Bank of the Philippines and the Philippine Guarantee Corporation for purposes of addressing liquidity or solvency problems of MSMEs and strategically important industries, to encourage their continued operations and maintain employment. ”

“ Which aims to establish an effective regulation of commercial activities through the internet or electronic means to ensure that consumer rights and data privacy are protected, innovation is encouraged, fair advertising practices and competition are promoted, online transactions are secured, intellectual property rights are protected, and product standards and safety are observed. ”

“ This will be characterized by the infusion of technology into almost every facet of our lives. Breakthrough technologies in the areas of quantum computing, artificial intelligence, nano technologies, the internet of things, robotics, self-driving electric vehicles, 3D printing, Virtual and Augmented Reality, among others that will radically transform the way business is done. ”