Economy at a Glance No.2 2017
Philippine Economy at a Glance No. 2-2017
Philippine Economy at a Glance No. 2-2017
9 October 2017 – At a joint meeting with several business groups, Vice President Leni Robredo shared how the business sector can be a key partner for inclusive growth. The current administration aims to reduce the poverty rate to 14% and boost Philippine economic growth rate to 8% by 2022. To get there, Vice President Robredo called on the business sector to be a partner of the government in achieving its ten-point agenda: “The government’s 10-point agenda for economic growth will help businesses thrive. It is a sound strategy for sustaining our gains and strengthening economic growth. But although we already have a great vision, the question is how to line up the nuts and bolts.”
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
14 September 2017 – The Makati Business Club remains steadfast in its position that an impeachment process is a vital part of the country’s democratic system of checks and balances. However, we are deeply concerned over the unprecedented number of impeachment complaints lodged against high-ranking officials from the President, the Supreme Court Chief Justice, the Ombudsman and the COMELEC.