Philippines
The Philippines’ economic recovery is expected to gain traction in 2022 and 2023, underpinned by rising domestic investment and consumption as pandemic restrictions eased, allowing for more manufacturing and construction activities.
Increased public investment in large, priority infrastructure projects will continue to boost growth, with the government aiming to sustain infrastructure spending at over 5.0% of GDP in 2022 from 5.8% in 2021.
Recent upticks in private investment and the passage of policy reform measures to ease rules on foreign equity ownership and lower the minimum paid-up capital of foreign retailers will also support economic growth.
In the Philippines, BIMP-EAGA covers the entire island of Mindanao and the island province of Palawan.
Mindanao and Palawan are part of the Greater Sulu–Sulawesi Corridor (GSSC), which also includes North Sulawesi in Indonesia and Sabah in Malaysia.
BIMP-EAGA Officials and Contacts in the Philippines
BIMP-EAGA Signing Minister
Ms. Maria Belen "Mabel" Sunga Acosta
Secretary and Chairperson
Mindanao Development Authority (MinDA)
Senior Official
Mr. Glenn G. Peñaranda
Assistant Secretary
Department of Trade and Industry
National Secretariat
Ms. Janet Lopoz
Undersecretary and Executive Director
Mindanao Development Authority
Mr. Romeo Montenegro
Assistant Secretary and Deputy Executive Director
Mindanao Development Authority
Mr. Rodrigo Giducos
Director for Investments Promotion and Public Affairs
Mindanao Development Authority
Mr. Jonathan Miral
Development Management Officer V (Division Chief)
International Relations Division
Mindanao Development Authority
Ms. Eamarie Gilayo
Development Management Officer III
International Relations Division
Mindanao Development Authority
Mr. Amhed Jeoffrey Datukan
Development Management Officer III
International Relations Division
Mindanao Development Authority