-
Gen Z In The Philippines: Breaking Down Barriers To Financial Illiteracy | Money Mind | Adulting
A new generation of young Filipinos is challenging the way people approach their personal finances. And these new conversations are breaking down traditional barriers to financial literacy.
For more of Money Mind: https://youtube.com/playlist?list=PLkMf14VQEvTZgHFM-uTxXiJ1Fll4SwL4y
==========================
#CNA #MoneyMindCNA #Philippines #FinancialLiteracy #Youth
For more, SUBSCRIBE to CNA INSIDER
https://cna.asia/insideryoutubesub
Follow CNA INSIDER on:
Instagram: https://www.instagram.com/cnainsider/
Facebook: https://www.facebook.com/cnainsider/
Website: https://cna.asia/cnainsider
published: 13 Sep 2023
-
HOW MUCH MONEY YOU SHOULD HAVE (For Every Age) | Personal Finance Philippines
In this week’s video, let’s talk about some money goals to hit for every age, from your 20s, 30s, 40s, 50, and 60s. You can use this as a guide for comfortable retirement and financial freedom.
Dealing with personal finances, especially since it’s not taught in school can be quite hard and confusing. I hope this video and this channel will help you out with the challenges we are facing right now with personal finance, entrepreneurship, and adulting in general.
►Outline :
0:00 - Intro
0:17 - Start of Video
1:24 - Setting/Conditions
3:28 - 20s (By 30)
6:53 - 30s (By 40)
9:19 - 40s (By 50)
10:44 - 50s (By 60)
12:30 - 60s (By 65)
13:08 - Final thoughts
►Links
► CITI CREDIT CARD APPLICATION - https://bit.ly/ApplyCitiCC
► UNIONBANK PLAYEVERYDAY - Get 300 points, code: UBNOW-CD0357432 ...
published: 01 Aug 2021
-
CNN Philippines shuts down due to financial losses | ANC
The World Tonight: News channel CNN Philippines announced it is shutting down operations on Wednesday due to its massive financial losses.
For more ANC Interviews, click the link below:
https://www.youtube.com/playlist?list=PLm34qRgqWBU4AT2G3LWF27_RErcz0GVd9
For more The World Tonight videos, click the link below:
https://www.youtube.com/playlist?list=PLm34qRgqWBU4SNACPFOkOj9LsAXWTFwqT
For more ANC Highlights videos, click the link below:
https://www.youtube.com/playlist?list=PLm34qRgqWBU4cKXctfaRZsLEHahqOc9dQ
Subscribe to the ANC YouTube channel!
https://www.youtube.com/user/ANCalerts
Visit our website at https://news.abs-cbn.com/anc
Facebook: https://www.facebook.com/ancalerts
Twitter: https://twitter.com/ancalerts
#ANCNews
#ANCHighlights
#TheWorldTonight
published: 29 Jan 2024
-
Japan's Billion Dollar Move in The Philippines will Change Everything
Japan Is Making Billion Dollar Moves to support The Philippines' Economic Upbringing.
#japan #philippines #economy
If you liked our content, like the video and subscribe now 😀→ www.youtube.com/@financialfrenzy . New content every third day!
Want to contact us? Send us an email: ContactFinancialFrenzy@gmail.com
Welcome to Financial Frenzy! We're dedicated to helping you navigate the complex world of finance and economy. Our videos cover everything from world economy to business economy. Join our community of financially-savvy viewers and learn how the economy works. Subscribe now to stay up-to-date on the latest financial news and insights!
published: 21 Dec 2023
-
The Secrets Behind GCash's Success In Bringing Finance To Philippines | Money Mind | FinTech
Secrets of growing a market-leading finance app and how GCash is breaking down barriers to financial inclusion in the Philippines.
For more of Money Mind: https://youtube.com/playlist?list=PLkMf14VQEvTZgHFM-uTxXiJ1Fll4SwL4y
==========================
#CNA #MoneyMindCNA #finance #fintech #philippines
For more, SUBSCRIBE to CNA INSIDER
https://cna.asia/insideryoutubesub
Follow CNA INSIDER on:
Instagram: https://www.instagram.com/cnainsider/
Facebook: https://www.facebook.com/cnainsider/
Website: https://cna.asia/cnainsider
published: 15 Nov 2022
-
The Philippines Economy in 2 Minutes
Philippines Economy Full Detailed Video: https://youtu.be/Lo2YagG4QmQ
This is the Philippines. A country with increasing urbanization, a growing middle class, and a large young population.
Usually countries achieve their economic growth by slowly transitioning from agriculture to industry, and to the service sector. Yet for Philippines this transition was very fast. The service sector of the Philippines overtook the industrial sector in terms GDP contribution during the early 80s. And increased from 36% in 1980 to 60% today. The services sector today employs 56% of the country’s workforce, which is more than the agricultural, and industrial sectors combined. The main reason behind the growth of service sector is that, the Philippines was a former US territory. And the US had a very stron...
published: 10 Jul 2021
-
Philippines' Economic Prospects for 2024 Explained!
The Philippines is on the cusp of robust economic growth, with projections indicating a doubling of its GDP from USD 400 billion in 2022 to USD 800 billion by 2030. By 2033, it is poised to join the ranks of Asia-Pacific economic giants, reaching a trillion dollars. This growth is supported by a decline in inflation, sound fiscal management, positive credit ratings, and a low unemployment rate. The country's economic performance in 2023 showcases a rebound from the challenges of the COVID-19 pandemic, with real GDP growth reaching 5.9%. Key drivers include a thriving manufacturing sector and positive outlooks for sectors like business process outsourcing (BPO), foreign workers' remittances, and tourism. However, the nation faces challenges such as geopolitical uncertainties, weak governanc...
published: 18 Jan 2024
-
How The Philippines Transformed Its Financial Industry
The Philippines Financial Technology or FinTech for short, is becoming the new norm for the country. People are rapidly transitioning from using cash to using apps that power the cashless society. This is happening everywhere, from the smallest stores such as sari-sari and to the biggest malls on the island nation.
Narrated by Chowsonn
Video Edited by Iyanbriandi
Facebook: https://www.facebook.com/behindasian
Instagram: https://www.instagram.com/behindasia
Timestamp(s):
0:00 The Rise Of FinTech
1:01 FinTech's History
1:44 GCash
2:06 Mynt
2:57 PayMaya & Other FinTech Players
3:37 The Future Of FinTech
4:04 Blockchain's Innovation
4:33 Philippines Innovation
Inquiries: behindasian@gmail.com
Brought to you by the Behind Asian Team.
published: 14 Feb 2022
-
KASAYSAYAN NG MAKATI CITY | The Financial Capital of the Philippines
Ito ang Panahong Macati pa sa Makati City
The Beginnings of Makati City
SAMPIRO: Noon, at ngayon!
This video was scripted, voiced over, edited, & completely produced by me 🙂
Promote your business, submit your town, & province summarized history to pinagmulan3210@gmail.com
#MakatiHistory #MetroManila #NungAraw #OriginsOfFilipinoPlaces
__________________________
Please Follow me on my
FACEBOOK PAGE: Nung Araw
published: 02 Feb 2024
-
Meeting on the Status of the Philippines in the Financial Action Task Force (FATF) Greylist
State Dining Room, Malacañan Palace
January 2, 2024
President Ferdinand R. Marcos Jr. presides over a meeting on the status of the Philippines in the Financial Action Task Force (FATF) Greylist at the State Dining Room in Malacañan Palace on January 2, 2024.
The Anti-Money Laundering Council (AMLC) briefs President Marcos Jr. on the Philippines' current standing in the FATF Greylist and on the reinforcement of strategies under the National Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) Strategy.
Likewise, the AMLC discusses details of previous deficiencies in addressing money laundering and terrorist financing risks. The FATF, an international watchdog, has kept the Philippines under increased monitoring since 2021, necessitating robust measures to address the highlighted s...
published: 02 Jan 2024
6:25
Gen Z In The Philippines: Breaking Down Barriers To Financial Illiteracy | Money Mind | Adulting
A new generation of young Filipinos is challenging the way people approach their personal finances. And these new conversations are breaking down traditional ba...
A new generation of young Filipinos is challenging the way people approach their personal finances. And these new conversations are breaking down traditional barriers to financial literacy.
For more of Money Mind: https://youtube.com/playlist?list=PLkMf14VQEvTZgHFM-uTxXiJ1Fll4SwL4y
==========================
#CNA #MoneyMindCNA #Philippines #FinancialLiteracy #Youth
For more, SUBSCRIBE to CNA INSIDER
https://cna.asia/insideryoutubesub
Follow CNA INSIDER on:
Instagram: https://www.instagram.com/cnainsider/
Facebook: https://www.facebook.com/cnainsider/
Website: https://cna.asia/cnainsider
https://wn.com/Gen_Z_In_The_Philippines_Breaking_Down_Barriers_To_Financial_Illiteracy_|_Money_Mind_|_Adulting
A new generation of young Filipinos is challenging the way people approach their personal finances. And these new conversations are breaking down traditional barriers to financial literacy.
For more of Money Mind: https://youtube.com/playlist?list=PLkMf14VQEvTZgHFM-uTxXiJ1Fll4SwL4y
==========================
#CNA #MoneyMindCNA #Philippines #FinancialLiteracy #Youth
For more, SUBSCRIBE to CNA INSIDER
https://cna.asia/insideryoutubesub
Follow CNA INSIDER on:
Instagram: https://www.instagram.com/cnainsider/
Facebook: https://www.facebook.com/cnainsider/
Website: https://cna.asia/cnainsider
- published: 13 Sep 2023
- views: 18079
15:00
HOW MUCH MONEY YOU SHOULD HAVE (For Every Age) | Personal Finance Philippines
In this week’s video, let’s talk about some money goals to hit for every age, from your 20s, 30s, 40s, 50, and 60s. You can use this as a guide for comfortable ...
In this week’s video, let’s talk about some money goals to hit for every age, from your 20s, 30s, 40s, 50, and 60s. You can use this as a guide for comfortable retirement and financial freedom.
Dealing with personal finances, especially since it’s not taught in school can be quite hard and confusing. I hope this video and this channel will help you out with the challenges we are facing right now with personal finance, entrepreneurship, and adulting in general.
►Outline :
0:00 - Intro
0:17 - Start of Video
1:24 - Setting/Conditions
3:28 - 20s (By 30)
6:53 - 30s (By 40)
9:19 - 40s (By 50)
10:44 - 50s (By 60)
12:30 - 60s (By 65)
13:08 - Final thoughts
►Links
► CITI CREDIT CARD APPLICATION - https://bit.ly/ApplyCitiCC
► UNIONBANK PLAYEVERYDAY - Get 300 points, code: UBNOW-CD0357432 (apply via the Unionbank App)
► UNIONBANK CREDIT CARD - https://bit.ly/UBPRewards
► GoTrade - https://heygotrade.com/referral?code=615794
► Previous Videos :
Financial Independence, Retire Early (F.I.R.E.) ► https://youtu.be/7ZwhRW1fN0Y
GOTRADE REVIEW: Invest as low as $1 ► https://youtu.be/QYDcM7kyMoc
CREDIT CARD 101 : What you need to know ► https://youtu.be/gYtCLmcy65U
MONEY GOALS TO HIT IN YOUR 20s ► https://youtu.be/NGVqbrAam0s
REAL ESTATE FOR BEGINNERS ► https://youtu.be/YF8UD18T3Rs
►Download these apps (Referral Links)
► ShopBack - Get P100!: https://app.shopback.com/phl?raf=pkpsnX
► MAYA - Get p50: https://p85qk.app.goo.gl/4M9Y // code : 42625QML56P0
► GCASH - Get p70 worth: https://gcsh.app/r/oNETIx5
► CITI CREDIT CARD APPLICATION ► https://bit.ly/ApplyCitiCC
► FREE Stocks Ed Course- https://stocksed.com/
DISCOUNT CODE for PAID courses: ready2adultph (P300 off)
►Ready2Adult Ph
Instagram: https://www.instagram.com/deleoncharmaine
Facebook Page: https://www.facebook.com/CharmdeLeon
Facebook Group : https://www.facebook.com/groups/ready2adultph
Email: hello@ready2adultph.com
Subscribe : https://www.youtube.com/CharmdeLeon?sub_confirmation=1
► Music Credit: DJ Quads
Track Name: “IT’S NEAR”
Music by: Dj Quads @ https://soundcloud.com/aka-dj-quads
Official YouTube Channel HERE: https://www.youtube.com/channel/UCusFqutyfTWRqGhC8kHA5uw
Disclaimer:
This video and description contain affiliate links where I may or may not receive a commission. This helps support the channel and allows me to continue to make videos such as this. I am not a financial advisor. Always do your due diligence.
KEYWORDS:
how to save money ph, net worth filipinos, how much money should you save, how much do i need, how much should i have, investing for beginners, gotrade ph, stock market ph, passive income ph, how to pay off debt, save money, retirement savings by age, saving for retirement, financial independence, dividend investing, dividend stocks, how to invest money, money saving tips, how to save money fast, charm de leon, ready2adult ph, how much net worth Filipino, net worth philippines
►Sources
►https://interaksyon.philstar.com/breaking-news/2018/05/28/127494/wealth-shaming-philippine-economy/
►https://pidswebs.pids.gov.ph/CDN/PUBLICATIONS/pidsdps2022.pdf
►https://www.statista.com/statistics/1048636/philippines-monthly-average-salary/#:~:text=As%20of%202020%2C%20the%20average,was%20535%20thousand%20Philippine%20pesos
►https://www.bsp.gov.ph/Inclusive%20Finance/Financial%20Inclusion%20Reports%20and%20Publications/2019/2019FISToplineReport.pdf
► https://www.manulife.com.ph/en/individual/about-us/newsroom/latest-news/manulife-investor-sentiment-index.html
► https://news.abs-cbn.com/business/01/21/19/saving-goals-for-every-age-from-your-20s-30s-40s-to-50s
► https://www.pna.gov.ph/opinion/pieces/407-what-keeps-filipinos-from-preparing-for-the-future-
► https://moneyminiblog.com/save-money/financial-goals-by-age/
https://wn.com/How_Much_Money_You_Should_Have_(For_Every_Age)_|_Personal_Finance_Philippines
In this week’s video, let’s talk about some money goals to hit for every age, from your 20s, 30s, 40s, 50, and 60s. You can use this as a guide for comfortable retirement and financial freedom.
Dealing with personal finances, especially since it’s not taught in school can be quite hard and confusing. I hope this video and this channel will help you out with the challenges we are facing right now with personal finance, entrepreneurship, and adulting in general.
►Outline :
0:00 - Intro
0:17 - Start of Video
1:24 - Setting/Conditions
3:28 - 20s (By 30)
6:53 - 30s (By 40)
9:19 - 40s (By 50)
10:44 - 50s (By 60)
12:30 - 60s (By 65)
13:08 - Final thoughts
►Links
► CITI CREDIT CARD APPLICATION - https://bit.ly/ApplyCitiCC
► UNIONBANK PLAYEVERYDAY - Get 300 points, code: UBNOW-CD0357432 (apply via the Unionbank App)
► UNIONBANK CREDIT CARD - https://bit.ly/UBPRewards
► GoTrade - https://heygotrade.com/referral?code=615794
► Previous Videos :
Financial Independence, Retire Early (F.I.R.E.) ► https://youtu.be/7ZwhRW1fN0Y
GOTRADE REVIEW: Invest as low as $1 ► https://youtu.be/QYDcM7kyMoc
CREDIT CARD 101 : What you need to know ► https://youtu.be/gYtCLmcy65U
MONEY GOALS TO HIT IN YOUR 20s ► https://youtu.be/NGVqbrAam0s
REAL ESTATE FOR BEGINNERS ► https://youtu.be/YF8UD18T3Rs
►Download these apps (Referral Links)
► ShopBack - Get P100!: https://app.shopback.com/phl?raf=pkpsnX
► MAYA - Get p50: https://p85qk.app.goo.gl/4M9Y // code : 42625QML56P0
► GCASH - Get p70 worth: https://gcsh.app/r/oNETIx5
► CITI CREDIT CARD APPLICATION ► https://bit.ly/ApplyCitiCC
► FREE Stocks Ed Course- https://stocksed.com/
DISCOUNT CODE for PAID courses: ready2adultph (P300 off)
►Ready2Adult Ph
Instagram: https://www.instagram.com/deleoncharmaine
Facebook Page: https://www.facebook.com/CharmdeLeon
Facebook Group : https://www.facebook.com/groups/ready2adultph
Email: hello@ready2adultph.com
Subscribe : https://www.youtube.com/CharmdeLeon?sub_confirmation=1
► Music Credit: DJ Quads
Track Name: “IT’S NEAR”
Music by: Dj Quads @ https://soundcloud.com/aka-dj-quads
Official YouTube Channel HERE: https://www.youtube.com/channel/UCusFqutyfTWRqGhC8kHA5uw
Disclaimer:
This video and description contain affiliate links where I may or may not receive a commission. This helps support the channel and allows me to continue to make videos such as this. I am not a financial advisor. Always do your due diligence.
KEYWORDS:
how to save money ph, net worth filipinos, how much money should you save, how much do i need, how much should i have, investing for beginners, gotrade ph, stock market ph, passive income ph, how to pay off debt, save money, retirement savings by age, saving for retirement, financial independence, dividend investing, dividend stocks, how to invest money, money saving tips, how to save money fast, charm de leon, ready2adult ph, how much net worth Filipino, net worth philippines
►Sources
►https://interaksyon.philstar.com/breaking-news/2018/05/28/127494/wealth-shaming-philippine-economy/
►https://pidswebs.pids.gov.ph/CDN/PUBLICATIONS/pidsdps2022.pdf
►https://www.statista.com/statistics/1048636/philippines-monthly-average-salary/#:~:text=As%20of%202020%2C%20the%20average,was%20535%20thousand%20Philippine%20pesos
►https://www.bsp.gov.ph/Inclusive%20Finance/Financial%20Inclusion%20Reports%20and%20Publications/2019/2019FISToplineReport.pdf
► https://www.manulife.com.ph/en/individual/about-us/newsroom/latest-news/manulife-investor-sentiment-index.html
► https://news.abs-cbn.com/business/01/21/19/saving-goals-for-every-age-from-your-20s-30s-40s-to-50s
► https://www.pna.gov.ph/opinion/pieces/407-what-keeps-filipinos-from-preparing-for-the-future-
► https://moneyminiblog.com/save-money/financial-goals-by-age/
- published: 01 Aug 2021
- views: 95531
3:30
CNN Philippines shuts down due to financial losses | ANC
The World Tonight: News channel CNN Philippines announced it is shutting down operations on Wednesday due to its massive financial losses.
For more ANC Intervi...
The World Tonight: News channel CNN Philippines announced it is shutting down operations on Wednesday due to its massive financial losses.
For more ANC Interviews, click the link below:
https://www.youtube.com/playlist?list=PLm34qRgqWBU4AT2G3LWF27_RErcz0GVd9
For more The World Tonight videos, click the link below:
https://www.youtube.com/playlist?list=PLm34qRgqWBU4SNACPFOkOj9LsAXWTFwqT
For more ANC Highlights videos, click the link below:
https://www.youtube.com/playlist?list=PLm34qRgqWBU4cKXctfaRZsLEHahqOc9dQ
Subscribe to the ANC YouTube channel!
https://www.youtube.com/user/ANCalerts
Visit our website at https://news.abs-cbn.com/anc
Facebook: https://www.facebook.com/ancalerts
Twitter: https://twitter.com/ancalerts
#ANCNews
#ANCHighlights
#TheWorldTonight
https://wn.com/Cnn_Philippines_Shuts_Down_Due_To_Financial_Losses_|_Anc
The World Tonight: News channel CNN Philippines announced it is shutting down operations on Wednesday due to its massive financial losses.
For more ANC Interviews, click the link below:
https://www.youtube.com/playlist?list=PLm34qRgqWBU4AT2G3LWF27_RErcz0GVd9
For more The World Tonight videos, click the link below:
https://www.youtube.com/playlist?list=PLm34qRgqWBU4SNACPFOkOj9LsAXWTFwqT
For more ANC Highlights videos, click the link below:
https://www.youtube.com/playlist?list=PLm34qRgqWBU4cKXctfaRZsLEHahqOc9dQ
Subscribe to the ANC YouTube channel!
https://www.youtube.com/user/ANCalerts
Visit our website at https://news.abs-cbn.com/anc
Facebook: https://www.facebook.com/ancalerts
Twitter: https://twitter.com/ancalerts
#ANCNews
#ANCHighlights
#TheWorldTonight
- published: 29 Jan 2024
- views: 31246
9:22
Japan's Billion Dollar Move in The Philippines will Change Everything
Japan Is Making Billion Dollar Moves to support The Philippines' Economic Upbringing.
#japan #philippines #economy
If you liked our content, like the video an...
Japan Is Making Billion Dollar Moves to support The Philippines' Economic Upbringing.
#japan #philippines #economy
If you liked our content, like the video and subscribe now 😀→ www.youtube.com/@financialfrenzy . New content every third day!
Want to contact us? Send us an email: ContactFinancialFrenzy@gmail.com
Welcome to Financial Frenzy! We're dedicated to helping you navigate the complex world of finance and economy. Our videos cover everything from world economy to business economy. Join our community of financially-savvy viewers and learn how the economy works. Subscribe now to stay up-to-date on the latest financial news and insights!
https://wn.com/Japan's_Billion_Dollar_Move_In_The_Philippines_Will_Change_Everything
Japan Is Making Billion Dollar Moves to support The Philippines' Economic Upbringing.
#japan #philippines #economy
If you liked our content, like the video and subscribe now 😀→ www.youtube.com/@financialfrenzy . New content every third day!
Want to contact us? Send us an email: ContactFinancialFrenzy@gmail.com
Welcome to Financial Frenzy! We're dedicated to helping you navigate the complex world of finance and economy. Our videos cover everything from world economy to business economy. Join our community of financially-savvy viewers and learn how the economy works. Subscribe now to stay up-to-date on the latest financial news and insights!
- published: 21 Dec 2023
- views: 262111
5:33
The Secrets Behind GCash's Success In Bringing Finance To Philippines | Money Mind | FinTech
Secrets of growing a market-leading finance app and how GCash is breaking down barriers to financial inclusion in the Philippines.
For more of Money Mind: ht...
Secrets of growing a market-leading finance app and how GCash is breaking down barriers to financial inclusion in the Philippines.
For more of Money Mind: https://youtube.com/playlist?list=PLkMf14VQEvTZgHFM-uTxXiJ1Fll4SwL4y
==========================
#CNA #MoneyMindCNA #finance #fintech #philippines
For more, SUBSCRIBE to CNA INSIDER
https://cna.asia/insideryoutubesub
Follow CNA INSIDER on:
Instagram: https://www.instagram.com/cnainsider/
Facebook: https://www.facebook.com/cnainsider/
Website: https://cna.asia/cnainsider
https://wn.com/The_Secrets_Behind_Gcash's_Success_In_Bringing_Finance_To_Philippines_|_Money_Mind_|_Fintech
Secrets of growing a market-leading finance app and how GCash is breaking down barriers to financial inclusion in the Philippines.
For more of Money Mind: https://youtube.com/playlist?list=PLkMf14VQEvTZgHFM-uTxXiJ1Fll4SwL4y
==========================
#CNA #MoneyMindCNA #finance #fintech #philippines
For more, SUBSCRIBE to CNA INSIDER
https://cna.asia/insideryoutubesub
Follow CNA INSIDER on:
Instagram: https://www.instagram.com/cnainsider/
Facebook: https://www.facebook.com/cnainsider/
Website: https://cna.asia/cnainsider
- published: 15 Nov 2022
- views: 3412
2:10
The Philippines Economy in 2 Minutes
Philippines Economy Full Detailed Video: https://youtu.be/Lo2YagG4QmQ
This is the Philippines. A country with increasing urbanization, a growing middle class,...
Philippines Economy Full Detailed Video: https://youtu.be/Lo2YagG4QmQ
This is the Philippines. A country with increasing urbanization, a growing middle class, and a large young population.
Usually countries achieve their economic growth by slowly transitioning from agriculture to industry, and to the service sector. Yet for Philippines this transition was very fast. The service sector of the Philippines overtook the industrial sector in terms GDP contribution during the early 80s. And increased from 36% in 1980 to 60% today. The services sector today employs 56% of the country’s workforce, which is more than the agricultural, and industrial sectors combined. The main reason behind the growth of service sector is that, the Philippines was a former US territory. And the US had a very strong cultural impact on Philippines. More than 90% of the people in the country speak English as their 2nd language. The cultural similarities gave them the opportunity to become the most popular business process outsourcing country. Plus other back office jobs are very well done here. And all of this for significantly low pay than the western countries.
Another source that brings a big chunk income is remittance. The remittance accounts for more than 9% of the Philippines GDP. This makes them the 4th largest in terms of remittance. This is a result of their good education system which is suitable for many foreign countries.
Now If you look at the industrial sector, it still holds 30% share in the country's GDP. And employs 18% of the country’s workforce. This seems considerably low, and the reason behind this lies in the geography of Philippines. You see, the country is spread over 7000 islands. This makes transportation very difficult. This also limits land for development, and it explain why the Manila the capital of Philippines is one of the densest city in the world. Other problems include high energy prices, poor infrastructure, low FDI, and lack of ease of doing business.
So this was a glimpse of the Philippines economy. To know more watch our full detailed video linked in the description above.
https://wn.com/The_Philippines_Economy_In_2_Minutes
Philippines Economy Full Detailed Video: https://youtu.be/Lo2YagG4QmQ
This is the Philippines. A country with increasing urbanization, a growing middle class, and a large young population.
Usually countries achieve their economic growth by slowly transitioning from agriculture to industry, and to the service sector. Yet for Philippines this transition was very fast. The service sector of the Philippines overtook the industrial sector in terms GDP contribution during the early 80s. And increased from 36% in 1980 to 60% today. The services sector today employs 56% of the country’s workforce, which is more than the agricultural, and industrial sectors combined. The main reason behind the growth of service sector is that, the Philippines was a former US territory. And the US had a very strong cultural impact on Philippines. More than 90% of the people in the country speak English as their 2nd language. The cultural similarities gave them the opportunity to become the most popular business process outsourcing country. Plus other back office jobs are very well done here. And all of this for significantly low pay than the western countries.
Another source that brings a big chunk income is remittance. The remittance accounts for more than 9% of the Philippines GDP. This makes them the 4th largest in terms of remittance. This is a result of their good education system which is suitable for many foreign countries.
Now If you look at the industrial sector, it still holds 30% share in the country's GDP. And employs 18% of the country’s workforce. This seems considerably low, and the reason behind this lies in the geography of Philippines. You see, the country is spread over 7000 islands. This makes transportation very difficult. This also limits land for development, and it explain why the Manila the capital of Philippines is one of the densest city in the world. Other problems include high energy prices, poor infrastructure, low FDI, and lack of ease of doing business.
So this was a glimpse of the Philippines economy. To know more watch our full detailed video linked in the description above.
- published: 10 Jul 2021
- views: 108806
19:57
Philippines' Economic Prospects for 2024 Explained!
The Philippines is on the cusp of robust economic growth, with projections indicating a doubling of its GDP from USD 400 billion in 2022 to USD 800 billion by 2...
The Philippines is on the cusp of robust economic growth, with projections indicating a doubling of its GDP from USD 400 billion in 2022 to USD 800 billion by 2030. By 2033, it is poised to join the ranks of Asia-Pacific economic giants, reaching a trillion dollars. This growth is supported by a decline in inflation, sound fiscal management, positive credit ratings, and a low unemployment rate. The country's economic performance in 2023 showcases a rebound from the challenges of the COVID-19 pandemic, with real GDP growth reaching 5.9%. Key drivers include a thriving manufacturing sector and positive outlooks for sectors like business process outsourcing (BPO), foreign workers' remittances, and tourism. However, the nation faces challenges such as geopolitical uncertainties, weak governance indicators, infrastructure backlogs, demographic issues, and lower industrial outputs.
Looking ahead to 2024, the Philippines aims to sustain positive GDP projections, driven by private consumption, falling oil prices, robust public spending, and increased demand for exports. The BPO sector, a cornerstone of the economy, continues to flourish, contributing significantly. Foreign workers' remittances and tourism sector growth remain vital contributors to the economy. Despite positive economic indicators, challenges loom, including geopolitical uncertainties, weak governance indicators, infrastructure backlogs, demographic concerns, and lower industrial outputs.
To navigate these challenges, the Philippines must manage its youth bulge, invest in and harness its tourism sector, intensify infrastructure investments, and enhance defense and security capabilities. President Ferdinand Marcos Jr.'s administration is urged to collaborate with global partners for maritime security and pursue public-private partnerships for infrastructure projects. The strategic alliance with the United States is highlighted as crucial for defense enhancement, particularly in the face of evolving geopolitical dynamics and challenges in the West Philippines Sea. The nation's ability to address these challenges and capitalize on opportunities will shape its economic trajectory in the coming years.. Like, comment, and subscribe our channel for more in-depth coverage of global economies and geopolitics. Watch complete video and do not forget to visit our channel for more interesting videos.
-------------------------------------------------------------------------------
0:00 A Brief
1:14 Economic prospects of Philippines in 2024
2:56 Philippines economic performance 2023
4:00 A trillion-dollar economic dream of Philippines
5:19 Opportunities for the Philippines in 2024: Positive GDP Projections
6:06 Philippines amongst world's fastest growing emerging markets
7:00 BPO Sector: The Philippines as the BPO capital of the world
9:32 Foreign Workers Remittances
9:59 Tourism Sector Growth
11:32 Improved Positive ratings
13:15 Navigating Challenges for the Philippines in 2024: Geopolitical uncertainty
14:22 Weak Governance indicators
14:42 Infrastructure Back lags
15:29 Demographic dividends viz a viz challenges
16:16 Low Industrial outputs
17:05 Philippines must manage its youth bulge
17:44 Defense and Security enhancement
---------------------------------------------------------------------------------
Support us at Patreon: https://www.patreon.com/ThePacificReport
---------------------------------------------------------------------------------
Social Media Links:
Website: https://www.thepacificreports.com
YouTube: https://www.youtube.com/@thepacificreports
Patreon: https://www.patreon.com/ThePacificReport
Facebook: https://www.facebook.com/ThePacficReport
Instagram: https://instagram.com/@thepacificreports
Threads: https://www.threads.net/@thepacificreports
Twitter: https://twitter.com/pacific_reports
TikTok: https://www.tiktok.com/@thepacificreport
Tumblr: https://www.tumblr.com/thepacificreport
Mix: https://mix.com/thepacificreport
OK: https://ok.ru/profile/589448821950
Pintrest: https://www.pinterest.com/thepacificreport/
#thepacificreport #philippines #philippinesforeignreserves #philippinesdollarreserves #bpo #bangkosentralngpilipinas #ferdinandmarcosjr #manila #foreignreserve
Disclaimer:
The content in this video reflects the author(s)' thoughts and does not represent the official viewpoint of The Pacific Report; viewers are recommended to conduct their own research and seek expert advice before relying on the information provided.
https://wn.com/Philippines'_Economic_Prospects_For_2024_Explained
The Philippines is on the cusp of robust economic growth, with projections indicating a doubling of its GDP from USD 400 billion in 2022 to USD 800 billion by 2030. By 2033, it is poised to join the ranks of Asia-Pacific economic giants, reaching a trillion dollars. This growth is supported by a decline in inflation, sound fiscal management, positive credit ratings, and a low unemployment rate. The country's economic performance in 2023 showcases a rebound from the challenges of the COVID-19 pandemic, with real GDP growth reaching 5.9%. Key drivers include a thriving manufacturing sector and positive outlooks for sectors like business process outsourcing (BPO), foreign workers' remittances, and tourism. However, the nation faces challenges such as geopolitical uncertainties, weak governance indicators, infrastructure backlogs, demographic issues, and lower industrial outputs.
Looking ahead to 2024, the Philippines aims to sustain positive GDP projections, driven by private consumption, falling oil prices, robust public spending, and increased demand for exports. The BPO sector, a cornerstone of the economy, continues to flourish, contributing significantly. Foreign workers' remittances and tourism sector growth remain vital contributors to the economy. Despite positive economic indicators, challenges loom, including geopolitical uncertainties, weak governance indicators, infrastructure backlogs, demographic concerns, and lower industrial outputs.
To navigate these challenges, the Philippines must manage its youth bulge, invest in and harness its tourism sector, intensify infrastructure investments, and enhance defense and security capabilities. President Ferdinand Marcos Jr.'s administration is urged to collaborate with global partners for maritime security and pursue public-private partnerships for infrastructure projects. The strategic alliance with the United States is highlighted as crucial for defense enhancement, particularly in the face of evolving geopolitical dynamics and challenges in the West Philippines Sea. The nation's ability to address these challenges and capitalize on opportunities will shape its economic trajectory in the coming years.. Like, comment, and subscribe our channel for more in-depth coverage of global economies and geopolitics. Watch complete video and do not forget to visit our channel for more interesting videos.
-------------------------------------------------------------------------------
0:00 A Brief
1:14 Economic prospects of Philippines in 2024
2:56 Philippines economic performance 2023
4:00 A trillion-dollar economic dream of Philippines
5:19 Opportunities for the Philippines in 2024: Positive GDP Projections
6:06 Philippines amongst world's fastest growing emerging markets
7:00 BPO Sector: The Philippines as the BPO capital of the world
9:32 Foreign Workers Remittances
9:59 Tourism Sector Growth
11:32 Improved Positive ratings
13:15 Navigating Challenges for the Philippines in 2024: Geopolitical uncertainty
14:22 Weak Governance indicators
14:42 Infrastructure Back lags
15:29 Demographic dividends viz a viz challenges
16:16 Low Industrial outputs
17:05 Philippines must manage its youth bulge
17:44 Defense and Security enhancement
---------------------------------------------------------------------------------
Support us at Patreon: https://www.patreon.com/ThePacificReport
---------------------------------------------------------------------------------
Social Media Links:
Website: https://www.thepacificreports.com
YouTube: https://www.youtube.com/@thepacificreports
Patreon: https://www.patreon.com/ThePacificReport
Facebook: https://www.facebook.com/ThePacficReport
Instagram: https://instagram.com/@thepacificreports
Threads: https://www.threads.net/@thepacificreports
Twitter: https://twitter.com/pacific_reports
TikTok: https://www.tiktok.com/@thepacificreport
Tumblr: https://www.tumblr.com/thepacificreport
Mix: https://mix.com/thepacificreport
OK: https://ok.ru/profile/589448821950
Pintrest: https://www.pinterest.com/thepacificreport/
#thepacificreport #philippines #philippinesforeignreserves #philippinesdollarreserves #bpo #bangkosentralngpilipinas #ferdinandmarcosjr #manila #foreignreserve
Disclaimer:
The content in this video reflects the author(s)' thoughts and does not represent the official viewpoint of The Pacific Report; viewers are recommended to conduct their own research and seek expert advice before relying on the information provided.
- published: 18 Jan 2024
- views: 13482
4:54
How The Philippines Transformed Its Financial Industry
The Philippines Financial Technology or FinTech for short, is becoming the new norm for the country. People are rapidly transitioning from using cash to using a...
The Philippines Financial Technology or FinTech for short, is becoming the new norm for the country. People are rapidly transitioning from using cash to using apps that power the cashless society. This is happening everywhere, from the smallest stores such as sari-sari and to the biggest malls on the island nation.
Narrated by Chowsonn
Video Edited by Iyanbriandi
Facebook: https://www.facebook.com/behindasian
Instagram: https://www.instagram.com/behindasia
Timestamp(s):
0:00 The Rise Of FinTech
1:01 FinTech's History
1:44 GCash
2:06 Mynt
2:57 PayMaya & Other FinTech Players
3:37 The Future Of FinTech
4:04 Blockchain's Innovation
4:33 Philippines Innovation
Inquiries: behindasian@gmail.com
Brought to you by the Behind Asian Team.
https://wn.com/How_The_Philippines_Transformed_Its_Financial_Industry
The Philippines Financial Technology or FinTech for short, is becoming the new norm for the country. People are rapidly transitioning from using cash to using apps that power the cashless society. This is happening everywhere, from the smallest stores such as sari-sari and to the biggest malls on the island nation.
Narrated by Chowsonn
Video Edited by Iyanbriandi
Facebook: https://www.facebook.com/behindasian
Instagram: https://www.instagram.com/behindasia
Timestamp(s):
0:00 The Rise Of FinTech
1:01 FinTech's History
1:44 GCash
2:06 Mynt
2:57 PayMaya & Other FinTech Players
3:37 The Future Of FinTech
4:04 Blockchain's Innovation
4:33 Philippines Innovation
Inquiries: behindasian@gmail.com
Brought to you by the Behind Asian Team.
- published: 14 Feb 2022
- views: 71486
1:58
KASAYSAYAN NG MAKATI CITY | The Financial Capital of the Philippines
Ito ang Panahong Macati pa sa Makati City
The Beginnings of Makati City
SAMPIRO: Noon, at ngayon!
This video was scripted, voiced over, edited, & completely p...
Ito ang Panahong Macati pa sa Makati City
The Beginnings of Makati City
SAMPIRO: Noon, at ngayon!
This video was scripted, voiced over, edited, & completely produced by me 🙂
Promote your business, submit your town, & province summarized history to pinagmulan3210@gmail.com
#MakatiHistory #MetroManila #NungAraw #OriginsOfFilipinoPlaces
__________________________
Please Follow me on my
FACEBOOK PAGE: Nung Araw
https://wn.com/Kasaysayan_Ng_Makati_City_|_The_Financial_Capital_Of_The_Philippines
Ito ang Panahong Macati pa sa Makati City
The Beginnings of Makati City
SAMPIRO: Noon, at ngayon!
This video was scripted, voiced over, edited, & completely produced by me 🙂
Promote your business, submit your town, & province summarized history to pinagmulan3210@gmail.com
#MakatiHistory #MetroManila #NungAraw #OriginsOfFilipinoPlaces
__________________________
Please Follow me on my
FACEBOOK PAGE: Nung Araw
- published: 02 Feb 2024
- views: 361
0:30
Meeting on the Status of the Philippines in the Financial Action Task Force (FATF) Greylist
State Dining Room, Malacañan Palace
January 2, 2024
President Ferdinand R. Marcos Jr. presides over a meeting on the status of the Philippines in the Financial...
State Dining Room, Malacañan Palace
January 2, 2024
President Ferdinand R. Marcos Jr. presides over a meeting on the status of the Philippines in the Financial Action Task Force (FATF) Greylist at the State Dining Room in Malacañan Palace on January 2, 2024.
The Anti-Money Laundering Council (AMLC) briefs President Marcos Jr. on the Philippines' current standing in the FATF Greylist and on the reinforcement of strategies under the National Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) Strategy.
Likewise, the AMLC discusses details of previous deficiencies in addressing money laundering and terrorist financing risks. The FATF, an international watchdog, has kept the Philippines under increased monitoring since 2021, necessitating robust measures to address the highlighted shortcomings.
The AMLC also underscores the importance of the execution of the National Anti-Money Laundering/Counter-Terrorism Financing Strategy (NACS) 2023-2027, a blueprint for intensifying the country's efforts against financial crimes.
In response to the imperative need to address deficiencies highlighted by the FATF, the Philippines is currently taking swift measures to expedite its exit from the Greylist and mitigate the risk of being blacklisted.
Key focus lies in the immediate implementation of a comprehensive action plan designed to meet the targets set by relevant authorities.
Furthermore, there is strong emphasis on ensuring the timely submission of complete information required for progress reports to the AMLC. This transparent reporting mechanism is deemed crucial in showcasing the country's commitment to robust anti-money laundering and counter-terrorism financing efforts.
Maximizing diplomatic connections is also on the agenda to garner international support for the Philippines' endeavors. By leveraging diplomatic ties, the country aspires to build a coalition that supports its exit from the FATF Greylist and simultaneously shield itself from the potential consequences of blacklisting.
The Philippine Government acknowledges the gravity of the situation and is determined to navigate a strategic course that ensures the Philippines is not only removed from the Greylist but also safeguarded against the risk of being blacklisted. These immediate steps reflect the nation's commitment to upholding international standards in financial integrity and combating illicit financial activities.
Connect with RTVM
Website: http://rtvm.gov.ph
Facebook: www.facebook.com/presidentialcom and www.facebook.com/rtvmalacanang
Twitter: @RTVMalacanang
YouTube: @RTVMalacanang
Tiktok: @RTVMalacanang
https://wn.com/Meeting_On_The_Status_Of_The_Philippines_In_The_Financial_Action_Task_Force_(Fatf)_Greylist
State Dining Room, Malacañan Palace
January 2, 2024
President Ferdinand R. Marcos Jr. presides over a meeting on the status of the Philippines in the Financial Action Task Force (FATF) Greylist at the State Dining Room in Malacañan Palace on January 2, 2024.
The Anti-Money Laundering Council (AMLC) briefs President Marcos Jr. on the Philippines' current standing in the FATF Greylist and on the reinforcement of strategies under the National Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) Strategy.
Likewise, the AMLC discusses details of previous deficiencies in addressing money laundering and terrorist financing risks. The FATF, an international watchdog, has kept the Philippines under increased monitoring since 2021, necessitating robust measures to address the highlighted shortcomings.
The AMLC also underscores the importance of the execution of the National Anti-Money Laundering/Counter-Terrorism Financing Strategy (NACS) 2023-2027, a blueprint for intensifying the country's efforts against financial crimes.
In response to the imperative need to address deficiencies highlighted by the FATF, the Philippines is currently taking swift measures to expedite its exit from the Greylist and mitigate the risk of being blacklisted.
Key focus lies in the immediate implementation of a comprehensive action plan designed to meet the targets set by relevant authorities.
Furthermore, there is strong emphasis on ensuring the timely submission of complete information required for progress reports to the AMLC. This transparent reporting mechanism is deemed crucial in showcasing the country's commitment to robust anti-money laundering and counter-terrorism financing efforts.
Maximizing diplomatic connections is also on the agenda to garner international support for the Philippines' endeavors. By leveraging diplomatic ties, the country aspires to build a coalition that supports its exit from the FATF Greylist and simultaneously shield itself from the potential consequences of blacklisting.
The Philippine Government acknowledges the gravity of the situation and is determined to navigate a strategic course that ensures the Philippines is not only removed from the Greylist but also safeguarded against the risk of being blacklisted. These immediate steps reflect the nation's commitment to upholding international standards in financial integrity and combating illicit financial activities.
Connect with RTVM
Website: http://rtvm.gov.ph
Facebook: www.facebook.com/presidentialcom and www.facebook.com/rtvmalacanang
Twitter: @RTVMalacanang
YouTube: @RTVMalacanang
Tiktok: @RTVMalacanang
- published: 02 Jan 2024
- views: 3953