Oxford Economics: 10 emerging markets will dominate the global economy in the next decade 2019-2028

• Most of the top 10 fastest growing emerging market economies are in Asia, in line with expectations that the region is the future of the global economy.
• The Philippines is set to have the highest increase in its labour force of any of the top 10 which, alongside its GDP growth of 5.3% which is following only the top performer India.

Source: Business Insider

Data: Oxford Economics

Metro Manila Subway breaks ground now!

As announced last June 2018, Metro Manila Subway breaks ground and is expected to be completed by 2025, but partial operation of the first three stations is set in 2022.

The big-ticket project has a total loan financing requirement of P259.6 billion (on a total estimated cost of almost P360 billion), the biggest amount committed by the Japan International Cooperation Agency (JCCA) to a single country.

Japan financing the first Subway in the Philippines

ABS-CBN : Manila Subway

PHILSTAR : https://www.philstar.com/business/2019/02/27/1897181/ground-broken-first-metro-manila-subway