Philippine Business Environment
QUESTION # 1: Is the government of President AQUINO conducive to business activities? Assess the business environment during his 3 years in office. Will his call for "Tuwid na Daan" in Governance and Public Administration spell magic for its economy? Compare this environment with that of PGMA's nine year stay in power. Site suggestions/strategy which you think could lead Philippine Business and Economy a haven of Investment climate in the future.
ANSWER:
As President Benigno S. Aquino III assured that Philippines will remain conducive to business, the country’s economic strides haven’t escaped notice, noting the Philippines is now rated investment grade for the first time in history by three major credit rating agencies. The economy grew by a remarkable 7.8 percent in addition to countless other indicators of economic growth. As companies continue to reap the benefits of the Philippine economic revival, he expects the companies to also share the fruits of their hard works not only through philanthropic activities but also by setting the good example as citizens who fulfill their obligations. However, the pork barrel scam happening in the Philippines because of unscrupulous politicians, a.k.a. public servants, who instead of servicing the needs and aspirations of the people are working for their own selfish ambitions, sadly, this puts doubt now the much touted slogan of PNoy calling for a “tuwid na daan” or the straight path in his governance as militant groups have filed plunder complaints against Aquino, members of his Cabinet and businesswoman Janet Lim Napoles before the Office of the Ombudsman. Unfazed about the accusation and even daring the opposition to go ahead and file impeachment charges against, Aquino painted even a gloomier picture when he recently revealed that it was worst during Gloria Macapagal Arroyo’s administration.Referring to Arroyo’s administration, during his speech before the Brotherhood of Christian Businessmen and Professionals,
ANSWER:
As President Benigno S. Aquino III assured that Philippines will remain conducive to business, the country’s economic strides haven’t escaped notice, noting the Philippines is now rated investment grade for the first time in history by three major credit rating agencies. The economy grew by a remarkable 7.8 percent in addition to countless other indicators of economic growth. As companies continue to reap the benefits of the Philippine economic revival, he expects the companies to also share the fruits of their hard works not only through philanthropic activities but also by setting the good example as citizens who fulfill their obligations. However, the pork barrel scam happening in the Philippines because of unscrupulous politicians, a.k.a. public servants, who instead of servicing the needs and aspirations of the people are working for their own selfish ambitions, sadly, this puts doubt now the much touted slogan of PNoy calling for a “tuwid na daan” or the straight path in his governance as militant groups have filed plunder complaints against Aquino, members of his Cabinet and businesswoman Janet Lim Napoles before the Office of the Ombudsman. Unfazed about the accusation and even daring the opposition to go ahead and file impeachment charges against, Aquino painted even a gloomier picture when he recently revealed that it was worst during Gloria Macapagal Arroyo’s administration.Referring to Arroyo’s administration, during his speech before the Brotherhood of Christian Businessmen and Professionals,