Future-proofing Philippine growth

From potential to progress:

- By Pavit Ramachandran

THE PHILIPPINES is entering a pivotal phase. In 2025, after a strong post-pandemic recovery, the economy is expanding steadily and remains one of the fastest growing countries in Southeast Asia. Over the past two years, gross domestic product (GDP) growth has averaged 5.6%. Inflation is currently easing, and investor confidence remains solid. Upper middle-income status is expected by many soon.

But the path ahead will not be easy. From geopolitical instability and global economic uncertainty to increasingly frequent weather-related disasters, the risks are real — and growing. The question is not just whether growth will continue, but whether it will be inclusive, sustainable, and resilient.

To achieve that, the Philippines needs to focus its efforts on three interconnected priorities: investing in its people, building infrastructure that connects and empowers, and accelerating resilience to the changing climate.

INVESTING IN PEOPLE: SEIZING THE DIGITAL AND AI MOMENT

Heila Balgos thought her life had no meaning and direction when she couldn’t find a job two years after graduating from college. But after discovering and completing the technical and life skills training under JobStart Philippines, a full-service youth employment program run by the Department of Labor and Employment and funded by the Asian Development Bank (ADB), she found her purpose in life.

After her internship at Astoria Hotel Palawan, Heila rose through the ranks to become a company auditor. She is now her family’s breadwinner, saving enough to fix their house and buy a television for her siblings, who used to watch TV in their neighbor’s house.

Heila’s story isn’t an isolated case. It’s one of thousands that show how lives can change with the right tools, preparation, and support.