National Competitiveness Council Philippines (NCC) Co-Chair Guillermo Luz eyes to raise the target for the country’s rankings in major global reports.
Luz, at the sidelines of 4th Regional Summit at the Philippine International Convention Center Thursday, said he is looking at raising the target from among the top one-third in global reports to top 25 percent or top 20 percent of these indices.
“I may incline to recommend raising the target to top 25 [percent]or top 20 percent. It is good to set high targets to so that we work harder,” said Luz.
“I will think of it and maybe toward the end of the year we’ll discuss it to the Board and discuss what to do so we move it up,” he added.
These global reports that the NCC is monitoring include Global Competitiveness Report, Doing Business Report, World Competitiveness Yearbook, Corruption Perception Index, Economic Freedom Index, Global Information Technology Report, travel and Tourism Report, Global Innovation Index, Logistics Performance Index, Fragile States Index, Global Enabling Trade Report, and Global Gender Gap Report.
During the Aquino administration, the NCC targeted the country to be in the top third of these global reports from bottom third six years ago.
In the 12 global reports, the country achieved to be in the top third of the world in Global Competitiveness Report at rank 47 out of 140 economies and Gender Gap Report at rank 7 out of 145 countries in the 2015-2016 reports.
But the Philippines recorded biggest jump in rankings in four global reports which include Doing Business Report and Economic Freedom Index which leapfrogged by 45 notches to rank 103 and rank 70 in the latest reports, respectively, as well as 39 notches in Corruption Perception Index and 38 notches for Global Competitiveness Report.