The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. In 2024, the Philippine economy is estimated to be at ₱26.55 trillion, making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
Telecommunications in the Philippines are well-developed due to the presence of modern infrastructure facilities. The industry was deregulated in 1995 when President Fidel Ramos signed Republic Act No. 7925. This law opened the sector to more private players and improved the provision of telecom services are better and fairer rates, leading to the creation of many telecommunication service providers for mobile, fixed-line, Internet and other services.
Ilagan, officially the City of Ilagan, is a 1st class component city and capital of the province of Isabela, Philippines. According to the 2020 census, it has a population of 158,218 people making it the most populous city in the province. As of 2022, it also had the most number of voters in the province with 101,050 electorates.
Edgardo Javier Angara was a Filipino lawyer and politician who served as Senate President from 1993 to 1995. Angara had the second longest tenure in the history of the Senate, serving four terms and a total of twenty-three years. As a legislator, Angara has championed numerous important laws and bills including the free high school law, the Senior Citizen discount law, and many more.
One of the most dynamic and fastest growing sectors in the Philippines is the information technology–business process outsourcing (IT-BPO) industry. The industry is composed of eight sub-sectors, namely, knowledge process outsourcing and back offices, animation, call centers, software development, game development, engineering design, and medical transcription. The IT-BPO industry plays a major role in the country's growth and development.
The National Economic and Development Authority is an independent cabinet-level agency of the Philippine government responsible for economic development and planning. It is headed by the president of the Philippines as chairman of the NEDA board, with the Secretary of Socioeconomic Planning as vice-chairman. A number of Cabinet members, the Governor of the Bangko Sentral ng Pilipinas, the Chairperson of the Metropolitan Manila Development Authority, the Chief Minister of Bangsamoro, the Secretary of Information and Communications Technology, the Chairman of the Subic–Clark Area Development Corporation, and the National President of the Union of Local Authorities of the Philippines are members of the NEDA Board.
The National Book Development Board, abbreviated as NBDB, is an agency of the Philippine government under the Department of Education formed through Republic Act No. 8047 or the Book Publishing Industry Development Act, which was responsible for promoting the continuing development of the book-publishing industry in the Philippines, with the active participation of the private sector. NBDB's operational plans are: grassroots capacity-building initiatives, investment and trade promotion activities, public campaigns and institutionalized research and data gathering.
Science and technology in the Philippines describes scientific and technological progress made by the Philippines and analyses related policy issues. The main agency responsible for managing science and technology (S&T) is the Department of Science and Technology (DOST). There are also sectoral councils for Forestry, Agriculture and Aquaculture, the Metal Industry, Nuclear Research, Food and Nutrition, Health, Meteorology, Volcanology and Seismology.
Juan Edgardo "Sonny" Manalang Angara is a Filipino politician and lawyer serving as a Senator since 2013. He is the principal author and sponsor of Republic Act No. 11981 also known as the Tatak Pinoy Act, a landmark law for establishing a policy platform for the public and private sectors to collaborate to help domestic enterprises become more globally competitive and offer more diverse and sophisticated products and services. He is also the chairman of Samahang Basketbol ng Pilipinas, the governing body of basketball in the Philippines.
The Congressional Commission on Science and Technology and Engineering (COMSTE) was created by a joint resolution of the 13th Congress of the Philippines to create, amend, or repeal laws and propose budgets that will make the Philippines competitive in science and technology.
Sherwin Ting Gatchalian, known as Win Gatchalian, is a Filipino politician and businessman serving as a Senator since 2016. A member of the Nationalist People's Coalition (NPC), he previously served as the Representative of Valenzuela's 1st district from 2001 to 2004 and from 2013 to 2016. He was the Mayor of Valenzuela from 2004 to 2013.
The economic history of the Philippines chronicles the long history of economic policies in the nation over the years.
The IBON Foundation is a non-profit research, education and information-development institution with programs in research, education and advocacy based in the Philippines. It provides socioeconomic research and analysis on people's issues to various sectors. It aims to contribute to people's empowerment through education and advocacy support. The foundation is also engaged in international solidarity work.
The Cybercrime Prevention Act of 2012, officially recorded as Republic Act No. 10175, is a law in the Philippines that was approved on September 12, 2012. It aims to address legal issues concerning online interactions and the Internet in the Philippines. Among the cybercrime offenses included in the bill are cybersquatting, cybersex, child pornography, identity theft, illegal access to data and libel.
The Philippine Space Agency (PhilSA) is the national space agency of the Philippines.
The electricity sector in the Philippines provides electricity through power generation, transmission, and distribution to many parts of the country. The Philippines is divided into three electrical grids, one each for Luzon, the Visayas and Mindanao. As of June 2016, the total installed capacity in the Philippines was 20,055 megawatts (MW), of which 14,348 MW was on the Luzon grid. As of June, 2016, the all-time peak demand on Luzon was 9,726 MW at 2:00 P.M. on May 2, 2016; on Visayas was 1,878 MW at 2:00 P.M. on May 11, 2016; and on Mindanao was 1,593 MW at 1:35 P.M. on June 8, 2016. However, about 12% of Filipinos have no access to electricity. The Philippines is also one of the countries in the world that has a fully functioning electricity market since 2006 called the Philippine Wholesale Electricity Spot Market(WESM) and is operated by an independent market operator.
In 2013, renewable energy provided 26.44% of the total electricity in the Philippines and 19,903 gigawatt-hours (GWh) of electrical energy out of a total demand of 75,266 gigawatt-hours. The Philippines is a net importer of fossil fuels. For the sake of energy security, there is momentum to develop renewable energy sources. The types available include hydropower, geothermal power, wind power, solar power and biomass power. The government of the Philippines has legislated a number of policies in order to increase the use of renewable energy by the country.
The Philippine Competition Commission (PhCC) is an independent, quasi-judicial body formed to implement the Philippine Competition Act (Republic Act No. 10667). The PhCC aims to promote and maintain market competition within the Philippines by regulating anti-competition behavior. The main role of the PhCC is to promote economic efficiency within the Philippine economy, ensuring fair and healthy market competition.
The National Innovation Council is the Philippine government's highest policy-making body for national innovation development. It was established to develop the country's innovation goals, priorities, and long-term national strategy established by virtue of Republic Act No. 11293 or the Philippine Innovation Act of 2018. It is headed by the president of the Philippines as chairman of the NIC, with the Secretary of Socioeconomic Planning as vice-chairman.
The Commission on Population and Development, or CPD, is a Philippine government agency and the lead policy-making and coordinating organization of the country's population management programs.
