Philippines Travel
| TRAVEL ASIA section:: Cambodia | China | India | Indonesia | Japan | Korea | Malaysia | Myanmar | Philippines | Singapore | Thailand | Vietnam |
|
|
Best Sites about Philippines Travel
Related Story about Philippines:
ECONOMY OF THE PHILIPPINES
The Philippines is a developing country in South-East Asia. In 2004, it was ranked as the 24th largest economy by the World Bank according to purchasing power parity.Important sectors of the Philippine economy include agriculture and industry, particularly food processing, textiles and garments, and electronics and automobile parts. Most industries are concentrated in the urban areas around metropolitan Manila. Mining also has great potential in the Philippines, which possesses significant reserves of chromite, nickel, and copper. Recent natural gas finds off the islands of Palawan add to the country's substantial geothermal, hydro, and coal energy reserves.
Industrial production is centered on processing and assembly operations of the following: food, beverages, tobacco, rubber products, textiles, clothing and footwear, pharmaceuticals, paints, plywood and veneer, paper and paper products, small appliances, and electronics. Heavier industries are dominated by the production of cement, glass, industrial chemicals, fertilizers, iron and steel, and refined petroleum products.
The Philippines currently hosts of the International Rice Research Institute (IRRI), which studies high yielding rice varieties. It has played a key role in the Green Revolution and was able to increase rice yields and rice production during the 1970s.
Intel has been in the Philippines for 28 years as major producer of Intel's advanced products including the Pentium 4 processor. A Texas Instruments plant in Baguio has been operating in for 20 years and is the largest producer of DSP chips in the world. TI's Baguio plant produces 100 % of all the chips used in Nokia cell phones and 80 % of all chips used in Ericsson cell phones in the world. Until 2005 Toshiba laptops were produced in Santa Rosa, Laguna. Presently the Philippine plant's focus is in the production of HDD's.
Powered by DWodp live version 1.2.4 Copyright © 2003-2004 Dominion Web
