The Philippines' Build Build Build Program: A Road to Prosperity

We're wondering how economically the Philippines would grow in the future? The transforming economy of the Philippines through the success of Build, Build, Build Program yet solving obstacles that the program may encounter resulting into risks of wasting of money, time and effort. Because the Philippines is suffering from unemployment and poverty due to poor infrastructure, according to Philippine Daily Inquirer, President Duterte launched the 'Build, Build, Build' (BBB) program aimed at accelerating infrastructure spending and developing industries that will deliver robust growth, create jobs and improve the lives of the Philippines. Public expenditure on infrastructure projects between 2017 and 2022 is targeted at P8-9 trillion. Building will be largely concentrated in Mindanao, Metro Manila and Luzon in the short to medium term, with the charge being led by transportation and energy projects. To evaluate the Build Build Build program, this essay will delve into the program's current status, its achievements, challenges, and its potential impact on the Philippines' future economic growth.

The medium-term economic growth strategy is strongly anchored in its ambitious program for infrastructure development. He's said he's set to embark on an ambitious $ 180 billion spending bonanza on infrastructure, set to transform the economy of the Philippines. They have settled that the infrastructure will continue to be upgraded, more people and communities connected and more jobs created. As the Government also aims to build four energy facilities to ensure stable energy supply at lower prices; ten water resource projects and irrigation systems to increase agricultural output; five flood control facilities to help protect vulnerable communities and boost their resilience to climate change impacts; and three programs of redevelopment to deliver sustainable solutions that best meet urban population needs. Every ambition has plans and it can be successful or not. It would affect every circumstance how our plan works and how we identify and work with it. Taking the risk of having this program would have a major impact on our country, whether the system is actually working or not, many of the Filipinos might suffer.

Supporting this program will be the best way for the program to work, observe and identify what the crucial part would be and make possible solutions is a great help for the success of the ‘BBB’ Program. The problem facing the program is the lack of manpower, which delays the implementation of the ambitious infrastructure plan of Duterte's administration, and urges Filipino builders working abroad to return home. That it meant stimulating overall economic growth to a steady faster pace delays have been suffered due to a lack of workers. That it meant stimulating overall economic growth to a sustained faster pace due to a lack of workers, delays have been suffered.

Other opinions that may be true like how a detained senator from the opposition described the program Build, Build, Build, among other nonsensical descriptions and false narratives as ' grossly inefficient. ' In a recent study published by the Philippine Institute for Development Studies, author Epictetus Patalinghug, citing the World Bank report, said the government needs to address the 'particularly low efficiency rate of public transport expenditure and high levels of corruption' before it boosts infrastructure expenditure. The chance that an economic factor or variable turns out to be different from its usual expected behavior describes essentially what we call economic risk. The likelihood that an economic factor or variable is different from its usual expected behavior essentially describes what we call economic risk.

Although the program has several factors that continue to have this risk of taking BBB Program, it is evident that most Filipinos did not support the program to have a major impact on the economy of our society. That these allegations prove that they are holding back on the lack of jobs and supporting the potential growth of the Philippines as a whole for a possible solution that most citizens wanted in our economy. Duterte said that even private firms at home are encouraging Filipino workers abroad to return by offering higher pay, according to Philstar. The president said, “That’s why the Build, Build, Build program has been slightly delayed. There’s a labor gap. There are many Filipinos. If we don’t help each other, nothing will happen”. Some observers questioned the ability of the Duterte administration to take on and finish the big-ticket projects on time, citing, among others, a lack of technical expertise in the midst of a labor crunch.

The ' BUILD, BUILD, BUILD' program will be the big start on rising Philippine economy, giving the Filipinos more opportunities to have jobs to support their needs. It speeds up infrastructure and develops industries. Because the Government is aiming to build four energy facilities to ensure stable energy supply at lower prices; ten water resource projects and irrigation systems to increase agricultural output ; five flood control facilities to help protect vulnerable communities and boost their resilience to climate change impacts; and three programs of redevelopment to deliver sustainable solutions that best meet urban population needs. With all the results the people will have, it will surely satisfy how the program really would help the economy.

According to Forbes ' article, Karl Chua, Chief Economist of the Philippine Department of Finance (DOF), said In an interview, the government looked at 75 flagship projects, including six airports, nine railways, three rapid transit buses, 32 roads and bridges and four seaports aimed at reducing production costs, improving rural income, promoting rural investment, making goods and people more efficient and creating more employment.

As the World Bank expects Southeast Asia's highest Philippine Gross Domestic Product (GDP) to grow by 6.7 percent in 2018 and 2019. However, the Duterte administration hopes to nudge growth to the territory of 7-8 percent. Supporting the ‘BBB’ program with most of the world's Filipino skilled workers, by the government’s committee and financially supporting local businesses to continue the process and its progress. This program's success will pay off in the country's future. Corresponds to a statement of an individual that were degrading its process; “A detained senator from the opposition has described the Build, Build, Build program, ‘grossly inefficient,’ among other nonsensical descriptives and false narratives,” the Palace official said in a statement. It could results on delaying the program from the accusations that shouldn’t be done to stop the progress of the event.

In a speech at the kick-off rally of the ruling party Partido Demokratiko Pilipino-Lakas ng Bayan in San Jose del Monte City, Bulacan, the President said:

“Eh ‘yang ‘Build, Build, Build’, medyo atrasado nang konti. Walang trabahante (Build Build Build is a bit delayed due to a lack of workers).”

“Alam mo, dito sa Pilipinas ngayon, maraming trabaho… Ang construction humihinto kasi walang trabahante... (There’s a lot to do here in the Philippines, but construction halts due to a lack of workers like) master electrician, master carpenter, master plumber,” he added.

“Ang karamihan ng may alam niyan wala na dito sa Pilipinas at andun na sa Middle East (Many skilled workers are no longer here in the Philippines but have gone to the Middle East)…”.

It shows how the Filipino workers wanted bigger salary to sustain their needs and wants for their families. They didn’t want to work with lower rate of wages even they would help the Philippines future economy and industry.

Conclusion

Having the program successful, first, they should encourage the Filipino workers on having the project successful through the right wages that they should. Second, They should convince investors to support the project financially. Third, is to convince the whole government’s committee on supporting this project by trusting the process. And the last would be the financial state should be settle, by monitoring its capacity on doing project that it will goes well to continue. For these reasons, the 'BBB' program should be supported by monitoring actions involving committees on the process, should have the support of most Filipino workers to fully settle the program as time goes by and spontaneously have the development that begins from a rising country in Asia and around the world. The success of the 'BBB' program depends on how the Filipinos take the risk and take part in building the country's great head start on our economy.

References

1. Mawis, S. M. D.(2018).Understanding the ‘Build, Build, Build’ program. Journal for Philippine Daily Inquirer. Retrieved from :https://business.inquirer.net/254682/understanding-build-build-build-program
2. Padin, M. G. (2018).YEARENDER: Build Build Build takes off in 2018. Journal for The Philippine Star. Retrieved from:https://www.philstar.com/business/2018/12/31/1881060/yearender-build-build-build-takes-2018
3. OXFORD BUSINESS GROUP(2018).Build, Build, Build development programme to boost the Philippines' construction industry and close the infrastructure gap. Journal for OXFORD BUSINESS GROUP. Retrieved from: https://oxfordbusinessgroup.com/overview/building-boom-flagship-works-programme-intent-closing-nation%E2%80%99s-infrastructure-gap
4. Heydarian, R. J.(2018). Duterte's Ambitious 'Build, Build, Build' Project To Transform The Philippines Could Become His Legacy. Journal for Forbes Asia. Retrieved from:https://www.forbes.com/sites/outofasia/2018/02/28/dutertes-ambitious-build-build-build-project-to-transform-the-philippines-could-become-his-legacy/#655e48271a7f
5. BCDA(2018).'Build, Build, Build': the solid backbone for growth—President Duterte. Journal for Philippine Information Agency. Retrieved from: 'Build, Build, Build': the solid backbone for growth—President Duterte
6. Philstar Global(2019). Duterte: Labor gap delaying ‘Build, Build, Build’. Journal For Philstar Global. Retrieved from: https://www.philstar.com/business/2019/02/15/1893934/duterte-labor-gap-delaying-build-build-build
7. Tadalan, C. A. (2019).Duterte flags ‘Build Build Build’ setback due to insufficient workforce. Journal for Business World. Retrieved from: https://www.bworldonline.com/duterte-flags-build-build-build-setback-due-to-insufficient-workforce/
8. Gita, R. A. (2019) Palace slams De Lima’s rant on ‘Build, Build, Build’ program. Journal for SunStar Manila. Retrieved from: https://www.sunstar.com.ph/article/1793954
9. PIDS(2019). PIDS To Gov’t: Review Planning And Programming Systems For Infra Projects. Journal for Philippines Institute For Development Studies. Retrieved from: https://www.pids.gov.ph/press-releases/377
10. Sicat, G. P. (2018). Economic risks of the Build Build Build program. Journal for Philstar Global. Retrieved from: https://www.philstar.com/business/2018/07/11/1832347/economic-risks-build-build-build-program