Does PNOY have anything new to say? He seems clueless as to how to run a country. He has too many promises. All we hear from him are about investigating the alleged corruption of Arroyo - real or not. Now, he blames the hostage fiasco on her with his excuse that they are only in the government for two months only.
Now comes a report that RP competitiveness gained 2 ranks high. Is he going to give credit to Arroyo? After all, he is only in the presidency for two months only and the country could not have gained those two ranks up in only two months.
The article is below.
Competitiveness gain for RP
Philippine competitiveness has slightly improved due to its better economic prospects and stronger financial markets, an annual ranking by the Swiss-based World Economic Forum showed.
The country placed 85th out of 139 economies in the Global Competitiveness Report 2010-2011, better than its rank of 87th out of 133 in last year’s report. Culling the six new entrants in the latest report, the Philippines’ adjusted rank is 83rd, up four notches from last year’s when it slipped 16 places.
The latest ranking was based on a January to May 2010 survey of executives’ perceptions and hard data measuring various 2009 indicators.
Out of the 12 so-called “pillars” of competitiveness, the Philippines was said to have notably improved in three areas: macroeconomic environment, the strength and efficiency of financial markets and the sophistication of businesses.
Performance in two other pillars -- health and primary education, and labor market efficiency -- stagnated.
Scores for the remaining seven worsened. They were especially low for governance and legal framework (125th out of 139), infrastructure (104), and innovation (111th). This last pillar measured, among other things, the quality of a country’s research institutions and availability of scientists.
A deterioration was also recorded for the Philippines’ quality of higher education and training, trade openness and efficiency, technological readiness, and market size which also measured foreign markets on top of the domestic consumer base.
As such five other Southeast Asian neighbors again bested the Philippines: Singapore, Malaysia, Thailand, Indonesia and Vietnam. The country’s competitiveness was only better than Cambodia’s.
Vietnam was particularly notable as it moved up 16 places to 59th with improvements in nearly all pillars. Indonesia similarly climbed 10 notches, “mainly driven by a healthier macroeconomic environment and improved education indicators,” the report stated.
Thailand, which was besieged by social unrest earlier this year, only fell two places as negative perception over its political stability was cushioned by “relatively large domestic and export markets, excellent transport infrastructure, and the efficiency of its labor market.”
Sought for comment, Trade Secretary Gregory L. Domingo welcomed the slight rise in the Philippines’ standing and forecast even higher rankings in the coming years.
“We will see significant increases,” Mr. Domingo said in a chance interview.
Business groups were likewise upbeat that the Philippines was poised to record more gains.
“With the new administration, it should improve even more. Give it three to six months and [the rankings] will move,” American Chamber of Commerce of the Philippines Executive Director Robert M. Sears said in a telephone interview.
Philippine Chamber of Commerce of the Philippines President Francis C. Chua similarly said: “We’ve always believed we were competitive. If you consider that we have consistent growth, we really are one of the winners in the region.”
However, let us not rejoice anyway. The following are the countries behind the Philippines. It's not like we are ranked above the United States, Canada or Singapore.
Algeria, Argentina, Albania, Ukraine,Gambia, Honduras, Lebanon, Georgia, Moldova, Jamaica, Serbia, Syria, Armenia, Mongolia, Libya, Dominican Republic, Bosnia and Herzegovina, Benin, Senegal, Ecuador, Kenya, Bangladesh, Bolivia, Cambodia, Guyana, Cameroon, Nicaragua, Tanzania, Ghana, Zambia, Tajikistan, Cape Verde, Uganda, Ethiopia, Paraguay, Kyrgyz Republic, Venezuela, Pakistan, Madagascar, Malawi, Swaziland, Nigeria, Lesotho, Côte d’Ivoire, Nepal, Mozambique, Mali, Timor-Leste, Burkina Faso, Mauritania, Zimbabwe, Burundi, Angola, Chad
So much for our high ranking in competitiveness. It is like being the leader among the countries at the bottom of the barrel.