Everywhere in the world, it is an established fact that economic development and energy development are dynamically correlated. In the highly developed countries, energy development has been instrumental in the growth of industries and businesses, and the overall improvement of quality of life. In the Global Competitiveness Reports published by the World Economic Forum, which “assess the competitiveness landscape of the global economies and provide insights into the drivers of their productivity and prosperity,” it is revealed that “competitiveness – understood as higher productivity – is a key driver of growth and resilience.” The Philippines currently ranks 52nd in a field of 140 economies surveyed for 2015-16 and 5th among the fifteen Emerging and Developing economies of Asia, below top-ranked Malaysia, China, Thailand, and Indonesia. But it is not in the list of the top 10 most competitive economies of Asia Pacific, which is led by Singapore. (https://reports.weforum.org).