NEWSCASTING

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DELMO: From the news center of Dalton News Station, I am Brent L. Delmo (names of group members),
delivering to you live the latest updates about the service sector. We will be talking about, in detail, the
economic performance of the service sector, as well as how reforms in the service sector can reduce
poverty in the Philippines, as well as how it could diversify our economy. We will start with reporters
Rashad Zaitounah and Joshua Magnaye who will deliver to us the economic performance of the
Philippines in the past years.

DELMO: Unfortunately, our dear friend Rashad couldn’t make it here today, so I will be the one who will
be going to fill in for his part. About the economic contribution and growth performance. Since the
1990s, the service sector has been a major source of economic growth for the Philippines. On the
average, the sector has grown continuously, particularly in the last two decades, as its growth increased
from 4% in the 1990s to 5.3% in the 2000s.

JOSHUA: The most notable increases have been manifested by the construction, finance, and real estate
sub-sectors. Nonetheless, it is crucial to point that the recent average growth rated of these two sub-
sectors are still above 5%, indicating modest growth performances.

ENGBINO: Thank you, Joshua. Now, I am here with Mr. Delmo, an official who is involved in keeping the
service sector fine and healthy. With all the growing graphs we have seen a while ago, let us go see
some of his reactions. Mr. Delmo, what do you think will happen soon to the service sector in the
coming years?

DELMO: I believe that the service sector will continue to be the strongest, among others. If we keep
performing good, this should last for the next decades.

ENGBINO: Thank you, Mr. Delmo for giving us your opinion. Now, we are going to cut to a commercial
break, and when we come up, we will be hearing another news involving the service sector. Stay tuned!

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DELMO: And we are back again on Dalton News Center. We have heard about the economic
performance and growth of the service sector in the past years, as well as an opinion from a
government official. Now let us look at how further reforms in the service sector can diversify the
economy and how it can reduce poverty. This topic will be delivered by Densel Patrick Escoto and
Fermin Fourth Bernabe.
ESCOTO: Thank you, Brent. In just a decade, the Philippines emerged as one of the best performers in
service exports, particularly in business process outsourcing. Further reforms in the services sector,
particularly in travel and tourism, could provide more channels by which the country could diversify its
economy.

BERNABE: Now, it says that the Philippine experience shows that services are a viable option for export
diversification, the report says. Services are also an option that is available to these countries. Service
exports as a percent of total exports increased to 9% in 1999 to 21% in 2009 in the Philippines.

KARL: Now, I have Mr. Delmo here again to give his opinion on this matter. Mr. Delmo, in your own
words, how would the service sector stop poverty and enhance the economy?

DELMO: Well, I believe that the service sector can stop poverty in a way that it provides the less
fortunate with daily needs and supplies and by establishing projects and programs to help and save
those who are in need.

KARL: Thank you, Mr. Delmo, for your magnificent stand and idea and I sure hope that the service sector
will be successful in the future. Back to you, Brent.

DELMO: Thank you all for watching our news today. We hope that you have been well-informed. We
would also like to thank all the staff and crew who made this as successful as possible, especially to you,
our audience. We owe you our greatest gratitude. We wish you all to keep safe. Once again, I am Brent
L. Delmo, and this has been Dalton News Center. See you next time!

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References:

http://industry.gov.ph/category/services/

https://www.worldbank.org/en/news/press-release/2011/06/06/philippines-further-reforms-services-
sector-diversify-economy-reduce-poverty-wb-report