The Management Association of the Philippines (MAP) said that the country is still under “bad governance,” citing recent political controversies that have negative effects on the country’s development.
MAP Vice President Rafael Alunan told The Manila Times after a press conference at the Asian Institute Management that bad governance eventually takes a toll the “trust and confidence” of the people.
“More and more people are incensed by the fact that here they are paying their taxes and government is just misusing it. And such money intended for social services and for economic development projects are being diverted to their own personal pockets,” Alunan said.
“There is a need for the government to recover lost ground. The government should exercise good governance,” the MAP vice president said, referring to the pork barrel and Disbursement Acceleration Program funds controversies, as well as the recent Zamboanga standoff.
Alunan said that the Zamboanga conflict may have been “avoided” if the Aquino administration had been paying attention and exercising empathy and inclusivity in the negotiations and dealings with the other parties that “feel isolated.”
He added that because of the Philippine Development Assistance Fund (PDAF) and DAP scam, the fiscal management of the government with the way it handles people’s money is under the “microscope” of the people.
He also said that credit for the country’s investment grade rating upgrades and economic developments not only goes to the government.
“We got those improvements because of the way we manage macroeconomics. The macroeconomic management of this country is superb. That is the one that has been bringing us up the ladder. But that could be brought down by bad governance,” Alunan said.
He agreed that the government should find ways to better its governance and to service people better through its promise of “Tuwid na Daan.”
On Thursday, credit rating agencies Moody’s upgraded the Philippines to investment grade rating, attributing the improvement on the country’s strong macroeconomic fundamentals, fiscal policies, and presidential and government popularity that draws investors to be optimistic in putting their investments in the country.