Mr. Balisacan points out the real ‘straight path’

FOR all of de facto President Benigno S. Aquino 3rd’s pontificating about the “straight path,” he has certainly failed to recognize the one that the country’s top economic planner has been pointing out all along.

In a recent press briefing, Socioeconomic Planning Secretary and NEDA Director-General Arsenio M. Balisacan spelled out in rather frank terms the key obstacles to business expansion in the Philippines. Noting that the level of actual business growth trailed the apparent level of enthusiasm of domestic and foreign businesses about the Philippines’ economic prospects, Balisacan said that there was “a pressing need to address infrastructure bottlenecks, port congestion and power woes.”