PH needs to catch up on competitiveness – NCC

THE Philippines needs to do some catching up to improve its competitiveness and must work at a faster pace to continue programs that are in the pipeline, the National Competitiveness Council (NCC) said in its year-end report released on Thursday.

According to NCC co-chair Guillermo Luz, for this year, the country has made gains in eight of the global reports (including the World Economic Forum’s Global Competitiveness Index, Economic Freedom Index, WEF Global IT Report, WEF Travel and Tourism Report, and the WIPO Global Innovation Index) while it dropped in three (including the World Bank-IFC Ease of Doing Business Report).