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The article that has been published on Business World entitled: Manufacturing: Which Regions Show Promise? says that it is important to identify which regions are well-placed to contribute to the sector’s revival amid the government’s push for both manufacturing and regional development. The local quotient (LQ) is calculated by comparing the industry’s gross value added in a region with the latter’s share of the national income. The LQ of a region can be used to identify the industry makeup of the regional economy, as well as sectors in which the region is said to be specializing.

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Another featured article in Business World refers to the report on the inaugural Asia Power Index made by Lowy Institute, an Australian think tank that measures the overall power of a nation. The Asia Power Index scores countries’ degree of power by looking at their respective economies as well as their ability to “impose cost and confer benefits” that shape the choices of other state and non-state actors. Specifically, the Index looks at two major indicators (economic resources and influence) which in turn are composed of eight sub-indicators: economic resources, military capability, resilience, future trends, diplomatic influence, economic relationships, defense networks and cultural influence. A country’s overall power is its weighted average across these eight measures.

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The article entitled “How far is the Philippines from achieving inclusive growth” was published in Businessworld last April 4, 2018. The scorecard shows mixed results based on the following indicators: GNI per capita, poverty incidence, subsistence incidence, food inflation, human development index, employment/unemployment/underemployment rates and Global Innovation Index (GII).

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The Businessworld published on May 3, 2018 the Philippine’s Top 5 performing regions in terms of sectoral performance.  In 2017, the Philippine economy grew by 6.7% with industry and services maintaining their robust growth trend and the agriculture sector rebounding from its poor performance in 2016. Disaggregating the sectoral performance by region presents the same story.  The infographic illustrates that based on the 2017 regional accounts data the top 5 performing regions that recorded high growths in the Industry Sector are Regions XI (Davao region) ,  CAR, II (Cagayan Valley), III (Central Luzon) and ARMM while Regions IV-B (MIMAROPA), VI (Western Visayas), XII ((Soccsksargen), XI, and XIII (Caraga) maintained their strong growths in the Services Sector. In the Agriculture Sector, Regions VI, XII, ARMM, VII (Central Visayas) and II were able to reverse their declines from 2016.  

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The article that has been published on Business World: Which Regions will be Getting the Biggest Slices of the Infrastructure Pie? (Posted on April 20, 2018) says that the Philippine government is fast tracking its development of infrastructure and has identified a total of 4,490 projects with total investment requirement of P 7.74 trillion. Out of this total, 4,231 projects are “region specific” with ARMM getting the most number of 1,340 projects (valued at P 63.24 billion), followed by Region II (Cagayan Valley) with 288 (valued at P 41.49 billion), Region III (Central Luzon) with 235 (valued at P 158.36 billion) , Region VIII (Eastern Visayas) with 191 (valued at P 35.16 billion) and Region V (Bicol) with 187 projects (valued at P 45.66 billion).

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