The Manila Times

Metro

  Home  

  About Us  

  Contact Us 

  Subscribe     Advertise  
  Archives     Feedback  

  Register  

  Help  

  Top Stories

  Metro

  Business

  Regions

  Opinion

  World

  Life & Times

  Sports

  Tech Times

 
 
 

Thursday, March 27, 2008

 

LGUs in program to attract investments

By Rene Q. Bas Editor-In-Chief

POTENTIAL investors—heads of banks and investment companies—were brought together with executives of the “dream cities” participating in the Institute of Solidarity for Asia’s (ISA) Public Governance System (PGS) at Wednesday’s forum at the Hotel Sofitel in Manila.

All ISA forums, which coincide with its twice-a-year general conferences, will henceforth include potential investors, ISA founding chairman and CEO Jesus Estanislao told The Manila Times.

ISA awards PGS-participant cities and provinces, and gives formal recognition for their successful efforts in observing best practices in governance. The local units are graded on the basis of a scorecard borrowed from the Harvard Business School’s good-management scorecard for corporations.

“There is more to the Public Governance System than recognition, public acclaim and crowns of glory,” Estanislao, a former finance secretary during the Aquino presidency, said.

“At the end of the public governance rainbow must be pots of gold. There must be jobs created, livelihood opportunities opened up. There must be significant investments flowing in,” he added.

He said, as though reviewing the very aims of his internationally supported ISA foundation: “Markets are made more open by good governance practices. They have to be more fiercely competitive to bring down the gains of productivity and quality enhancement to the mass of our citizens.”

Government units that respond to ISA’s invitation to be a PGS partner must agree to envision themselves in the overall “Philippines 2030 Roadmap” that charts the way for Filipinos to reach 2030 as a happily productive, prosperous, well-governed and respected democratic nation.

The city or province’s executives, councilors, as well as representatives of civil society, then agree, in a signed covenant, to work toward the realization of a specific goal for the city or province.

More than 40 cities and provinces are ISA-PGS partners. Thirty-three institutions and civil society groups, including the Catholic Bishops’ Conference of the Philippines, are ISA’s institutional and sectoral partners.

The Center for International Private Enterprise in Washington, DC—a non-profit affiliate of the US Chamber of Commerce and one of the four core institutes of the US National Endowment for Democracy—funds ISA’s core programs. The Public Government System program is one of these.

   

Manila Times Friends

Phgifts

OFW Gifts

philflora.gif

 
Sponsored Links
 

Back To Top

 
 
 

Severino O. Frayna Jr., Benjie Dela Rosa
Powered by: 
The Manila Times Web Admin.

  

Home | About Us | Contact | Subscribe | Advertise | Feedback | Archives | Help

Copyright (c) 2001 The Manila Times | Terms of Service
The Manila Times Publishing Corp. All rights reserved.

Hosted by: