As the Philippines currently indulge its current economic achievement, being included for the first time in the top 50% of world ranking, it makes me ask the question, why only now? What took us too long to be globally competitive?
According to Guillermo Luz, the co-chair of the Philippine National Competitiveness Council (NCC), the Philippines registered improvements in 11 out of the 12 categories, from the aspect of government institutions, infrastructures, macroeconomic environment, health and primary education, higher education and training; goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication and innovation.
It felt like a breath of fresh air! From all the news of bus hostage tragedy, unresolved issues in the RH Bill, China in Spratly’s and the recent impeachment of the Chief Justice Renato Corona, a new positive and uplifting headline was shown to our television screens and newspapers. It’s a great indication that despite of all the negative issues that we deal with everyday, there is still some delightful news that proves that our country is still determined to be placed on top along with our neighbor Asian countries like Singapore and Hongkong.
The Philippines’ competitiveness is improving significantly in some aspects of our economy. We can say that businesses around the world are more confident now in investing in our country. Kudos to the people in the government who are truly exerting efforts to provide us with more tangible results rather than the blah blah promises we used to hear every day.
But despite of this current triumph, I totally agree to what Ramon Del Rosario Jr., (Chair of the Makati Business Club) has said, that...