to achieve top one-third of global competitiveness ranking -- Palace
By Jelly F. Musico
MANILA, Oct. 1 (PNA) -- The administration of President Benigno Aquino
III remains focused and determined to achieve the top one-third of 140
countries in the World Economic Forum (WEF) Global Competitiveness ranking,
said Presidential Communications Operations Office (PCOO) Secretary Herminio
Coloma Jr. on Thursday.
”If you will notice, we started at number 87. Now we’re No. 47. Our target
is top one-third which means No. 42,” Coloma said in a media briefing in
Coloma said the Aquino administration is confident that the Philippines will
be able to hit the target in the remaining nine months
”When we achieved the 47 place, that’s 40 notches and we achieved that
because we are really sticking to that goal to achieve that aspect of
competitiveness,” he said.
Coloma said the Aquino administration has improved the business climate,
transparency in the government, and the citizen-friendly frontline services.
”All these have been given priority attention and that’s why overall rating
has improved from 87 to 47 and we will continue to improve our performance,”
In the remaining months of the Aquino administration, Coloma said the
government will focus more on job creation through sound management of the
”Job creation is the outcome of increased investments and increased
investments are the result of heightened confidence in the economy which has
steadily increased during the term of President Aquino,” he said.
He said more Filipinos have been employed and have experienced improvement
in their quality of life as an outcome of the sound management of the
”The sound management was part of the good governance and because of that
we’ve got fiscal space that brought more resources and that has also
resulted for bigger budget of Php3.002 trillion in 2016,” Coloma said.
He said the big part of the 2016 national budget will go to social
protection, poverty reduction and human development.
Under the Aquino administration, the Philippines has recorded a five-year
average economic growth rate of 6.20 percent.
”In fact, that competitiveness is part of the improved confidence reflected
in the investment grade ratings and that the outcome of sound management of
the economy, which is in turn anchored upon good governance,” Coloma