Arab Today, arab today urban decay threatens hot philippine economy
Last Updated : GMT 09:09:51
Arab Today, arab today
Arab Today, arab today

Urban decay threatens hot Philippine economy

Arab Today, arab today

Arab Today, arab today Urban decay threatens hot Philippine economy

Quezon City in suburban Manila
Manila - AFP

Manila's creaking train network means a miserable three-hour work commute for salesman Gerard Galang -- just one example of major infrastructure woes that analysts say threaten to cool the Philippines' red-hot economy.
Peak-hour hell comes in many forms in the city of 12 million people, with commuters experiencing a sweaty, stinky crush on dilapidated trains and giant queues to buy tickets.
"I pity myself and my fellow commuters but I don't have any other option than the train," said Galang, 29, who inhales antiseptic rubbed on to his hands to help negate the stench on the train.
"It gets so crowded our faces get pressed against each other and on doors and windows."
Galang spends three hours commuting to work every day, half of which is spent in queues.
For other commuters on buses or in cars, daily gridlock worsens to a complete standstill that can trap people for hours when even small rain storms trigger flash floods.
The Philippine economy has in recent years shed its reputation as one of Asia's laggards, with growth of 6.4 percent in the second quarter maintaining its status as the region's best performing after China.
The country also recently gained its first investment grade scores from the big three global credit rating agencies.
- Urban decay -
Infrastructure development, however, hasn't moved at the same pace, and economists warn the creaking systems that are of so much frustration to millions of people will also have a growing impact on economic growth.
"Our facilities are not built for an economy that is growing at seven percent every year," Ronald Mendoza, a senior economist at the Asian Institute of Management, in Manila told AFP.
Mendoza said growth could have been faster had it not been for the ageing airports and road networks that turn off foreign investors and tourists, and limit the movement of local trade.
Manila already loses 2.4 billion pesos ($53 million) in potential income daily due to traffic jams, according to a study by the Japan International Cooperation Agency.
Among the other infrastructure problems are power shortages that lead to brownouts, clogged drainage that exacerbate frequent rainy season floods and an Internet network so slow that it sparked a parliamentary enquiry.
Millions of people in slums, and even some residents of middle class districts, do not have access to running water.
And Manila's decades-old international airport, with malfunctioning air conditioning and leaking toilets, has been cited by a travel website as the worst in the world.
- No quick fix -
President Benigno Aquino and his team are acutely aware of the problems.
"Sustaining the economy's high-growth trajectory requires continued investment in infrastructure," Economic Planning Secretary Arsenio Balisacan told Japanese businessmen last week.
The government is planning to increase infrastructure spending from 2.2 percent of gross domestic product in 2012 to five percent by the end of Aquino's term in 2016.
As part of that, the government will pursue its so-called public-private partnership programme. More than 50 projects are being put out to private builders.
Balisacan also said implementing a 2.6-trillion-peso ($58 billion) "dream plan" drafted by the Japan International Cooperation Agency was a top priority.
The agency's plan calls for an expansion of rail and toll road networks to provinces north and south of Manila, spreading economic activity, as well as a subway system for the capital.
It also envisages a new Manila airport terminal.
Many of the projects cited by the Japanese plan are included in the PPP pipeline, but these have moved painfully slowly due to regulatory delays and court cases between rival bidders.
Fewer than 10 contracts for the public-private partnership programme have been awarded during Aquino's first four years in office, with no projects yet completed.
And while Aquino's intentions are laudable, there is only a limited amount it can do before his term ends in the middle of 2016, according to Mendoza.
"Many of these projects are perfectly doable, especially the airports and toll roads," Mendoza said.
"What's needed is a multi-administration plan... many of them take up to three administrations to finish."
Philippine leaders are elected to single, six-year terms, raising continuity problems.
Manila residents, in the meantime, have little choice but to count the personal cost of the urban decay.
Jury Domino, who owns a catering business, said ever-growing delivery times eat into his profits -- with his vans held hostage for hours guzzling fuel in traffic and staff having to be paid overtime.
"It's a big hassle, expenses rise every month and the problems pile up," he said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today urban decay threatens hot philippine economy Arab Today, arab today urban decay threatens hot philippine economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today urban decay threatens hot philippine economy Arab Today, arab today urban decay threatens hot philippine economy

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday