MBC in the News

EOC on WEF GCR

The Philippines slid 8 places to 64th out of 141 countries, from last year’s 56th spot in the 2019 Global Competitiveness Report of the World Economic Forum. This was due to its global competitiveness score dropping by 0.3, from 62.1 to 61.9 this year while other countries improved their scores. It also dropped to 6th from 5th among nine covered ASEAN countries due to the significant improvement in the scores of Brunei.

InclusiveBusiness

By: Peter Angelo V. Perfecto

When I was asked to write a message last year for a Board of Investments publication that aimed to document and encourage inclusive business awareness and engagement among companies in the Philippines, I zeroed in on the significantly substantial role that the private sector can play in making poverty alleviation its business, too. I am sharing my message in the hope that more will better appreciate how the business community can and must do its part.

FORMER Chief Justice Hilario G. Davide, Jr. assailed attempts to shift to a federal form of government in a speech on Tuesday, Nov. 21, to the Makati Business Club (MBC), Management Association of the Philippines, Financial Executives Institute of the Philippines and Employers Confederation of the Philippines.

Mr. Davide said the reason given by supporters of federalism — that the current highly centralized government enriches Manila at the expense of the countryside — is “deceptively misleading and unfounded.”

“All such goals and objectives can adequately and sufficiently be accomplished by merely, but effectively and efficiently implementing the relevant provisions of our present 1987 Constitution for strong local autonomy and decentralization,” Mr. Davide said in his speech, as quoted by the MBC in a statement on Tuesday.

On the other hand, Mr. Davide enumerated 18 ill effects of a shift to federalism. He said these could be irreversible.

“A shift to federalism is a lethal experiment. A fatal leap. A plunge to death. A leap to hell,” the retired chief justice said. “To paraphrase the book of Sirach concerning sin, federalism is “a two-edged sword: when it cuts, there can be no healing.”

27 September 2017 – The Global Competitiveness Report 2017-2018, published today, sees the Philippines going up in global competitiveness rankings by 1 notch, from 57th in 2016 to 56th in 2017. However, the country has slid down the ASEAN rankings, now standing at the 7h out of 9 in the region, from 5th in 2016 (as
Myanmar has not been included in the Report since 2016). With this two-point drop in regional standing, the Philippines is now below Vietnam and Brunei Darussalam, which both made large strides in their respective competitiveness rankings