DOF banks on infra, fiscal devt for growth

By Raadee S. Sausa

“Smart, sustainable and resilient infrastructure, with its high multiplier effects, will serve as the center- of our growth strategy,” Finance organized by the British Chamber of Commerce of the Philippines (BCCP). the North-South Commuter Railway (NSCR).

Tiuseco said that it was in March when President Ferdinand R. Marcos Jr. approved 194 high-impact infrastructure flagship projects (IFPs) on irrigation, water supply and flood management, digital connectivity, health, power and energy, and agriculture.

According to the National Economic and Development Authority (Neda), “the indicative total cost for the 194 IFPs is P8.30 trillion, and these projects are financed through various sources.” nectivity sector also has the highest share at P6.90 trillion or 83.12 percent of the total cost for all projects,” the note read. “On the other hand, the water resources sector has a total cost of P679.42 billion or 8.18 percent.”

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JUAN had a business idea. He followed all the necessary steps in starting a business and opened his store a few months after.

Weeks passed by and he realized that he wasn’t making any profit. He calculated that for every P1,000 he spends, he only earns P900. Not wanting to continuously lose P100 until he goes bankrupt, he closed his store and went on with his life.

But then Pedro had the same business idea.

He followed the same steps in starting a business and opened the same store at the same location a few months after.

Weeks passed by and like Juan, he realized he wasn’t making any profit. For every P1,000 he spends; he only earns P900. But unlike Juan and many others who quit too early, he kept his business.

He renegotiated for lower costs from his suppliers. He offered customers better service. He made the quality of his products better. He initiated effective marketing strategies.

He believed that any improvement, no matter how small, will eventually sum up and make his business better.

Weeks passed by and then he realized he was now making money. That is, for every P1,000 he spends; he earns P1,100.

Do you think he stopped there? No.

He renegotiated for even lower costs from his suppliers. He offered customers even better service. He made the quality of his products even better. He initiated more effective marketing strategies.

Weeks passed by and he realized that for every P1,000 he spends; he was now earning P1,250.

Do you think he stopped there?

No.

He continued to find ways to improve every aspect of his business because again, he believes that any improvement, no matter how small, will eventually sum up and make his business better.

Don’t quit too early. Become better. Keep improving. Be like Pedro, not Juan – that’s how you make your business succeed.

Pedro’s journey didn’t end with his initial success. He understood that the business landscape is constantly evolving and to stay ahead, he needed to continue pushing the boundaries of his business.

With his newfound profitability, Pedro reinvested a portion of his earnings back into the business. He allocated funds to research and development, seeking innovative ways to enhance his products and services. Pedro understood that staying stagnant was not an option if he wanted to maintain his competitive edge.

Additionally, Pedro recognized the importance of building a strong team. He carefully selected talented individuals who shared his passion for growth and were committed to delivering excellence. He fostered a positive work environment that during a forum

Undersecretary Maria Luwalhati C. Dorotan-Tiuseco said