• Good governance paying off – Palace

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    MALACAÑANG on Wednesday said the country’s improved competitiveness is but a fruit of programs implemented based on good governance.

    The World Economic Forum (WEF) on the same day cited the Philippines as the “most improved country” in terms of competitiveness in the last four years.

    “The 2014-2015 Global Competitiveness Index (GCI) report of the [WEF] affirms that the Aquino administration’s good governance programs have established the solid macroeconomic foundations upon which long-term inclusive growth may be attained.”

    According to the WEF, the Philippines’ advance to rank 52 (out of 140 countries) represents the biggest forward leap of 33 places since 2010, Presidential Communications Secretary Herminio Coloma Jr. said in a statement.

    “This achievement indicates that the Philippines is well-poised to attain its objective of being in the top third [or rank 42]by 2016,” he added.

    Based on its global report, the WEF said the improvement reflected reforms that lifted the economy. The Philippines ranked 52nd or seven notches up from 59th last year in terms of global competitiveness.

    According to Coloma, the country showed evident strength in macroeconomic fundamentals as it also “leapfrogged 50 places since 2010 to rank 67 in institutions, and also registered strong performance in business sophistication (rank 46), financial market development (rank 49) and innovation (rank 52).

    Government efficiency was also in top half (rank 69) of all the countries surveyed.”

    “Government acknowledges that the biggest area of improvement is still infrastructure and this is being addressed with the launching of major projects that are being implemented by using the public-private partnership mode,” the Palace official said.

    Malacañang spokesman Edwin Lacierda said the report came on the heels of the successful holding of the WEF on East Asia in May in Manila.

    “This latest measurement of the country’s competitiveness is another demonstration that the Philippines is indeed more open for business than ever before. In our region, for example, the Philippines is considered one of the brightest spots, and is the second-fastest growing economy among major Asian countries for the second quarter, tied with Malaysia,” Lacierda added.

    He noted that in the 2010 to 2011 WEF report, the Philippines ranked 85.

    Besides registered improvements in macroeconomic environment and institutions, the country fared well also in terms of ethics and corruption.

    “This has been made possible by the Filipino people who, imbued with a positive, can-do attitude, are going from strength to strength in terms of governance and the economy. We take this opportunity to thank those like the National Competitiveness Council under Bill Luz, who played an important role in challenging all sectors, public and private, to work together to achieve dynamism, inclusivity and sustainability in our economic growth,” Lacierda said.

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    10 Comments

    1. vg you hit the nail right on the head. This administration is only good at propaganda while millions of Filipinos live in subhuman conditions.

    2. Roldan Guerrero on

      If Filipinos will stop seeking jobs in foreign countries as a result of lack of worth-living jobs in the country, then this may be correct. Unfortunately millions of Filipinos are leaving the country because of joblessness in the country. As what most administrations did, this administration did not refrain from exporting labor, as this is the best product they could offer. How I wish to see the day that Filipinos will only go out of the country pleasure purposes or doing business in another country.

    3. I don’t know why are they taking the credit and saying good governance paying off? First of all, if the good governance is really spreading across the country; people will start to feel it; when they ride in MRT/LRT/PNR, when they pay their taxes, when they using the roads, when they send their kids to public school, when they go out and look for a job and when they pay their bills for electricity/water consumption. Sad to say none of these really change in 4 years of BS PNoy presidency, all of these things become more worse than the previous administration. This present administration is definitely delusional and pathetic.

    4. ATAKE SA UMAGA, ATAKE SA TANGHALI, ATAKE SA MERINDA AT ATAKE NA NAMAN SA HAPONAN. GALIT SILA DAHIL WALA NA SILANG MANANAKAW SA GOBYERNO DAHIL GUWARDIADO ANG PERA NG KABAN NG BAYAN……
      HAHAHAHAH U-LOL.. SIGE ATAKE NG ATAKE HANGGANG MAGSAWA KAYO.
      KAYO BA’Y MAY NAGAWANG KABUTIHAN SA INYONG BANSA. ARRE OU PAYING YOUR TAXES???

    5. Let’s be honest. Pnoy is not responsible for any economic gain in the Philippines and neither is Congress. The economic improvements being felt now are partially the result of past administrations activities and mainly the results from the private sector. Pnoy is only responsible for the economic improvements of our Senators and Congressmen through direct infusion of pork.

    6. Most Filipinos are customarily brought up how to become resourceful ,work hard (self-sufficient) ,in order to survive from any adversities that may come in life, most especially the poor. who live in the province .As early as age 10 they participated in their families household chores, feeding the hogs , wash clothes, help their parents in farming and even sell pandesal early in the morning, before going to school. Attaining an education is a common dream or aspiration everyone wish to fulfill for their children. For those who has no means to go to college they become nanny, household helper ,driver, carpenter (construction) etc,they work abroad for better opportunity which many of them represents the many OFW (overseas Filipino Workers) and they are the ones who keep the Philippines economy stay afloat despite global economic meltdown, and this administration cannot and should not get credit for their (OFW) accomplishments benefitting our country.

    7. rosendo bagtas on

      Ooohhh really? But how does the WEF’S naming the Philippines as the “most improved country” in terms of competitiveness translate in attaining poverty reduction, providing job opportunities and descent living to Filipinos, and putting food on the table for poor families whose number constantly increase by the day? we should not gloat on this kind of super propaganda only to sugar-coat our people’s already down trodden lives of our people. This is no different from the ‘good faith’ that the PNoy administration constantly use to smoothen and deodorize their foul-odored kind of governance, truly a far cry from their often mouthed ‘DAANG MATUWID.’

    8. Anima A. Agrava on

      But President Aquino and his men are not responsible for this achievement. The credit should go mainly to the private sector co-chair of the Compeititiveness Council, Mr. Bill Luz.

    9. It is because of former Pres. Arroyo who painstakingly put in place those economic fundamentals. It was prepared and layed down that even a dog president after her will benefit from her sound economic judgement. So there is no reason why aquino has the gal to take the credit. At least if he is human he should be humble to give the credit to whom it is due.