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Your President's Plan: To Grow Our Already Thriving Economy

How each presidential candidate intends to manage one of Southeast Asia's Tiger Cub Economies
by John Paulo Aguilera | May 6, 2016
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And just like that, Judgment Day is right around the corner.

On Monday, May 9, the whole Filipino electorate will vote for the people they want to lead them and at the same time, mend a few broken fences caused by the campaign period that is turning more hostile by the day.

The PiliPinas Debates 2016 is over and done with; the candidates are down to their last days of winning the hearts of locals in out-of-town sorties; all that mudslinging and black propaganda have already done their damage; and yet you still haven't made up your mind on who you think is right, particularly, for the presidency.

Ever the concerned citizen, FHM will try to aid you in this crucial decision-making, through an informative series that will shed light on the stuff that really matter about your wannabe presidents: Vice President Jejomar Binay, Senator Miriam Defensor-Santiago, Davao City Mayor Rodrigo Duterte, Sen. Grace Poe, and former Interior secretary Mar Roxas.

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With all the dubious links and fake-ass news stories your unwitting friends and tech-unsavvy relatives share on social media, what you, the voters, need are hard facts straight from the horse's mouth. FHM's "Your President's Plan" is here to collate each candidate's plan of attack for four issues of national significance, through uttered words and submitted platforms.

We start off this timely series with what our presidentiables intend to do with the economy.

During former president Fidel V. Ramos' term, the Philippines was recognized as "Asia's New Tiger Economy." The current administration, meanwhile, boasts an average of 6.2 percent gross domestic product growth—the highest in four decades, even coinciding with the Great Recession—despite groans of it being non-inclusive.

Will our next chief of state sustain or even surpass our nation's gains, or will the next six years see those who already have more continue to enjoy the country's bounty at the expense of the poor? 

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All candidates are averse to "endo"; Duterte vows to pass the law banning the said employment practice on the first week of his administration, while Roxas sees its dissolution within three months in his term. Binay says contractualization is already prohibited, and that the problem lies in implementation.

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Poe is also looking into incentives for companies taking care of its employees, while Defensor-Santiago is aware that the creation of jobs is the answer to this dilemma.


Roxas plans to take advantage of the efficiency brought about by "consolidating the production of agricultural products," and appropriate a monthly salary. Duterte aims to prioritize the industry as a whole and increase the farmhands' incomes.

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According to Binay, value-based agricultural economic zones open up job and business opportunities among farmers, at the same time expedites post-harvest process. He says cost reduction will be attained through industry subsidies, direct transactions and strengthened crop insurance services, and credit guarantee.

Like Defensor-Santiago, Binay underscores the importance of improving irrigation, only hers is a more modernized approach. Aside from the needed infrastructure, she is also open to financing programs and water impounding facilities for increased farm yield.


Duterte plans to fill, "or at least initiate," gaps in nationwide infrastructure, with Poe seconding the provision of necessary equipment and structure mainly to "cut travel time."

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"We will achieve the goal of higher and sustained economic growth by investing heavily in public infrastructure. Our roads, bridges, urban transit systems, airports and seaports are crumbling. We need to build them up at par with, if not better than, our Asean neighbors." —Defensor-Santiago,


In connection with her platform on infrastructure and job generation, Poe intends to widen the airport in Ilocos Norte, where his father Fernando Poe, Jr. shot Ang Panday, to accomodate more arrivals from other countries via the region.

"Alam din natin ang dami ng trabahong madadagdag kung diretsong may international flights dito at ma-expand natin ang airport." —Poe, The Manila


Notably, Duterte has expressed his desire to appoint his rival Poe as Tourism secretary if ever he wins.

A National Tourism Strategy linking "infrastructure development, support services and establishments, marketing and promotions plan, and development plans for tourism areas" is Binay's plan to bolster the industry.

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Binay is pushing for improved logistics translating to less production costs; financial support for enterprises of all sizes, the centralization of procedures; affordable energy; and sustaining the quality of manpower. Defensor-Santiago is also for power supply at lower costs, aside from reducing the capital for businesses; fostering harmony in farms and factories; introducing internationally-marketable industries; and making the peso relevant against its foreign counterparts.

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"Tulungan ng gobyerno ang mga may-ari ng mga pabrika para mag-unlad sila at makabukas ng mga bakante para sa mga aplikante." —Binay, PiliPinas Debates 2016

Roxas believes that encouraging competition in the power sector will curtail rates, attracting more investments.


"Kasi ako hindi ko lang bababaan ah, tatanggalin ko ang income tax, ha. So, kumbaga ang suweldo mo eh P10,000... Yun ang magagamit mo habang ikaw ay naghahanap ng panibagong trabaho." —Binay, PiliPinas Debates 2016

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Defensor-Santiago knows that income tax is still the lifeblood of the government, that is why she intends to "adopt comprehensive income taxation" and just lower the maximum personal income tax rate from "32 percent to 25 percent." Binay, for his part, wants to abolish taxes completely to provide financial flexibility for those still on the job hunt.

"Lahat ng mga ito nangangailangan na ng ating taxes, (which) should either be lowered or raised. Wala tayong eskapo riyan. So, we either have to consent to raise taxes or we should lower taxes. Hindi naman papayag ang gobyerno na kulang sa pera ang ating budget. Kaya the remedy will be to decrease some taxes." —Defensor-Santiago, PiliPinas Debates 2016

Click here for the rest of FHM's "Your President's Plan," where we discuss each candidate's plan regarding traffic, crime, and China.

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