Indonesia's population is estimated to be around 274 million, the fourth largest in the world after India, China and the United States. In turn, they will create significant demand for products and in the process, fuel economic growth further. The World Bank reported that around 20 percent of Indonesia's population joined the middle class during the last 15 years due to rising wages. And with the surplus it is generating from its mineral exports, Indonesia is also preparing itself to face the challenges that climate change is imposing. Just like Indonesia, the Philippines is a mineral-rich country and the resources, if properly utilized, can accelerate our economic development.

Source: Manila Times January 18, 2024 16:33 UTC