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PH claws its way out of infrastructure doldrums

Tom Hagler by Tom Hagler
13.12.2021
in Stock Market
PH claws its way out of infrastructure doldrums
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Map of Laguna Lakeshore expressway dpwh website

It is no secret: The Philippines has one of the weakest infrastructure ecosystems among the six largest economies in the region.

According to the World Economic Forum’s Global Competitiveness Report published last year, the Philippines ranked 98 out of 144 countries in terms of infrastructure, way behind Singapore, the most advanced country in the Association of Southeast Asian Nations (Asean), which ranked 5th globally.

Other Asean nations which ranked ahead of the Philippines in the report were Malaysia (25th globally), Thailand (61st) and Indonesia (82nd).

Among the 10-member countries of the economic-political bloc, the Philippines came ahead of Vietnam which was ranked 110th globally.
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Broken down into specific sectors, the picture looks even bleaker.

According to WEF, the Philippines ranked 81st globally in terms of mobile phone connectivity; 87th in quality of roads; 89th in quality of railroad infrastructure; 93rd in quality of electricity supply; 109th in fixed telephone connectivity; 113th in air infrastructure, and 116th in port infrastructure.

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