Managerial economics ppt final project about economic livelihoods on Baranggay of Bulan Sorsogon

1. Brgy. Beguin
Economic livelihoods

2. Historical Population
The population of Beguin grew from 1,177 in 1990
to 1,823 in2020, an increase of 646 people over
the course of 30 years. The latest census figures in
2020 denote a positive growth rate of 1.00%, or an
increase of 84 people, from the previous population
of 1,739 in 2015.

3. Agriculture Economic Livelihoods
RICE FARMING COPRA CHARCOAL
MAKING

4. Copra production
is a significant industry. There would be no
palm oil on supermarket shelves if copra
production did not exist. Copra production
may be a family business in Beguin. The
entire operation might take place on a few
acres of land next to the family’s home.
Rice is a cereal grain that is a staple diet for
many people all over the world, and given
the quantity of or fertile farming land in
Beguin, rice cultivation is unsurprisingly
one of the most important sources of
income for the locals. Rice growing is also a
means for them to save money instead of
purchasing pricey commercial rice.
A great number of people in the remote
areas of Bulan,Sorsogon cook over open
fires. For many, it’s the only method
available to them. Often, even people who
have a gas stove inside the house will opt to
cook outside. Charcoal is the usual fuel for
these cook fires. The charcoal used here is
not the powdered and shaped briquettes,
but the natural style.
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02
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5 out of 10 Beguinian’s are
estimated to be rice
farmers
Approximately, 3 out of 10
people Copra producers
And an estimated 1 out of
10 people are Uling
Makers

5. Sardine Factory
Bulan will open its first large-scale sardine
canning facility in Bicol,located at Beguin,
owing to an abundance of sardines (Sardinelia
lemuru), popularly known as “tamban” or “law-
law” fish, and strategic proximity to large
fishing grounds. Although it was close at the
time, it will eventually aid not only the people of
Beguin, but also Bulan’s general economy.

6. Sardine factory has pre-hired at least 600 workers coming
from different towns of Sorsogon
Guinbe Food Corporation, a known manufacturer of quality sardines, is
expected to contribute to the economic activities of Sorsogon, particularly
to those who will be hired as workers, to the fisherfolk in the province.
The factory will also solve the problem of oversupply of sardine
fishduring its abundance in the fishing grounds of Bicol and the
nearbyplaces in the Visayas.

7. GDP Prior to Covid 19
(2019)
With a GDP of USD 366 billion in 2019, the
Philippines is emerging as one of Southeast Asia’s
fastest-growing countries. However, the
Philippines’ unique market of 107 million people
spread across more than 7,500 islands creates
complicated obstacles for businesses looking to
expand and prosper in the local market.

8. GDP Amid Covid 19 (2020)
The rude awakening from the pandemic was that a
services- and remittances-led growth model
doesn’t do too well in a global disease outbreak. The
Philippines’ economic growth faltered in 2020 –
entering negative territory for the first time since
1999- and the country experienced one of the
deepest contractions in the Association of Southeast
Asian Nations

9. GDP Amid Covid 19 (2021)
As of Aug. 19, 2021, NEDA repoted latest update on Philippine
economy. After five consecutive quarters of contraction, the Philippine
economy grew by 11.8 percent in Q2 2021 from -3.9 percent in Q1
2021. While this may partly be attributed to base effects coming from
a -17.0 percent decline in Q2 2020, it is the result of a better balance
between addressing COVID-19 and the need to restore jobs and
incomes of the people. The community quarantine (CQ) restrictions
imposed this year have taken a more risk-based approach compared to
last year when more sectors were allowed to operate, including public
transportation. The latest growth outturn is better than the 10.6
percent median forecast of private sector analysts for the period. On a
seasonally adjusted quarter-on-quarter basis, the economy declined by
1.3 percent. For the first semester (S1) of 2021, real gross domestic
product (GDP) growth accelerated to 3.7 percent.

10. Highly Affected Industry
The Philippines’ economic model itself
appears more vulnerable to disease outbreak.
It is built around the mobility of people, yet
tourism, services, and remittances-fed growth
are all vulnerable to pandemic-induced
lockdowns and consumer confidence decline.
International travel plunged, tourism came to
a grinding halt, and domestic lockdowns and
mobility restrictions crippled the retail sector,restaurants,
and hospitality industry.

11. Growing Sectors Amid Covid 19
Historically, the highest growth rates in the Philippines
have been in construction, accommodation, and food
services. However, COVID-19’s severe medium-termi
impact on tourism will directly impact theaccommodation
sector. The webinar presented a refined list of key growth
sectors in the Philippines despite COVID-19 crisis which
includes financial and insurance services, construction,
professional business services, transport, and storage, as
well as food services

12. Thank You
@ d a i s y r e e . g u e l a s _ b s a