Create and economic Charter change

THE pandemic has a way of rebooting the economy. Economic contraction is prevalent and no country has escaped this track since the pandemic has a way of balancing the world order. The mighty United States is focused on its domestic health and economy. Co-creation, co-managing and collaboration are the new order in diplomacy. Multilateral is the way to go. Central planning seems to be what is working well with China and Vietnam being able to respond well to Covid-19 because there is command and control while the United States is debating whether wearing masks is a violation of individual rights. Then, we have Myanmar marching to the beat of reconsolidation and military control, following the footsteps of Thailand. Each country to its own elements, and learning to be resilient defines leadership.

Women leaders are also at the front of the stack with emotional quotient being the litmus test for governance: reaching out, caring more and working the ground from household to communities. An intriguing remark regarding, “Men are more stable,” got everyone to react, and those ready to shoot actually cleared the bar for women candidates come 2022. That will take another column in the future. Meanwhile, let’s focus on the economic building blocks to Philippines 2021 and beyond, and that is anchored on the passage of two critical measures: Corporate Recovery and Tax Incentives for Enterprises or the Create bill, which passed the Senate in November 2020, and the Resolution of Both House No. 2, which recently sailed in the House of Representatives this month.