The Philippines (i/ˈfɪlᵻpiːnz/; Filipino:Pilipinas[ˌpɪlɪˈpinɐs]), officially known as the Republic of the Philippines (Filipino:Republika ng Pilipinas), is a sovereignisland country in Southeast Asia situated in the western Pacific Ocean. It consists of about 7,500 islands that are categorized broadly under three main geographical divisions: Luzon, Visayas, and Mindanao. The capital city of the Philippines is Manila and the most populous city is Quezon City; both are part of Metro Manila.
The Philippines 2000 platform largely hinged on five major areas:
Peace and Stability
Economic Growth and Sustainable Development
Energy and Power Generation
The Philippines 2000 program formed the core of the Ramos campaign platform in the 1992 elections which largely centered on economic reforms and improved national security and unity.
Effects and legacy
The Philippines 2000 platform was widely successful, making it one of the greatest legacies of the Ramos administration to the Philippines. Ramos was successfully able to open the then-closed Philippine economy and break Marcos-era formed monopolies, especially with regard to Philippine Airlines and the Philippine Long Distance Telephone Company, which were privatized and de-monopolized during his tenure. He was also able to resolve the power crisis in the Philippines through privatization of power plants and the construction of new ones. The reforms spurred additional investment into the Philippines.
The Philippine economy has the “essential elements” for staging a recovery this year ... He said, “[T]he capital and liquidity buffers that the Philippine banks built in compliance with the BSP regulatory requirements and years of favorable banking conditions proved to be useful.” ... “The Philippine government needs to get its act together.
The Development Bank of the Philippines (DBP) needs to change its charter and triple its authorized capital from P35 billion to P100 billion to broaden its credit assistance to priority sectors ... 8523, which raised the bank’s authorized capital stock from P5 billion to P35 billion.
ADB plans to raise around $30 billion to 35 billion from capital markets this year. Manila [The Philippines], Feb 25 (ANI). The Asian Development Bank (ADB) has priced a two billion dollar 10-year global bond, proceeds of which will be part of ADB's ordinary capital resources.
... as the “trailblazer” of Philippine digital adoption ... In January, GCash attracted $175 million in fresh capital investment from Bow WaveCapitalManagement to further spur the growth of financial inclusion and the digitization of payments and financial services in the Philippines.
The company intends to list the fixed-rate bonds for trading on the Philippine Dealing & ExchangeCorporation. AboitizPower engaged BDOCapital & Investment Corporation, BPI Capital Corporation, China Bank Capital, and FirstMetro Investment Corporation as joint issue managers, joint lead underwriters, and joint bookrunners for the offering.