My Google Page Rank

Lawmaker calls on Aquino to improve ease of doing business in the Philippines

PDFPrintE-mail

Congressman Jack Enrile, of Cagayan province, has urged government economic managers to move more aggressively in improving the ease of doing business in the Philippines, citing the country’s lagging performance in encouraging investments from both foreign and local enterprises.

Enrile said the government should look at what business-friendly economies in the region – such as Singapore, Hong Kong and Thailand – are doing correctly and benchmark local reforms against these countries’ processes.

The lawmaker said the country’s falling rank in the “Doing Business 2012” report of the World Bank and the International Finance Corporation reflects the lack of reforms undertaken by government to improve the regulatory environment for starting and operating businesses.

“We are clearly lagging behind our regional neighbors not only in the ease of doing business but in overall economic competitiveness. This should serve as a wake-up call to our government economic managers to look at our existing regulations that are restricting business activity and address areas that are already actionable,” Enrile said in a statement sent to the Mindanao Examiner.

“Improving the ease of doing business, for both foreign and domestic investors, is one area that is ripe for reform and one that has a high impact potential. Encouraging growth in this sector is even more crucial, given the current slowdown in the economy that is validated by recent economic growth forecast downgrades,” he said.

Based on the Doing Business 2012 report co-published by the WB and IFC, the Philippines registered a negative performance in business regulation on starting a business, dealing with construction permits, getting access to electricity, registering property, gaining access to credit, protecting investors, and paying taxes compared to the previous year.

By studying reforms done by economies that ranked high in the list – including Singapore, Hong Kong and Thailand – and adapting these reforms to suit the Philippine context, Enrile said the government can improve the ease of doing business in the country and spur business activity, especially from local SMEs.

“Let’s benchmark our reforms to those being done in other countries in Southeast Asia. It’s particularly interesting to find out what Singapore, Hong Kong, Thailand and even Malaysia are doing correctly and try replicating it here,” Enrile said.




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

SANGGUNIANG PANLUNGSOD... ACHIEVERS 2017

27 Jul 2017 Hits:52 Be the first to comment!

El Govierno local del Ciudad de Zamboanga ya organiza mga torneo para del maga empleado donde el maga participantes sale na diferente departamento. Diferente desportes el puede participa juga maga empleado.  Este el oportunidad con el maga antes athleta para dale mira  diila abilidad y discubri nuevo talento . Tiene tambien alyi ya lang ya aprende durante na juego que sila ya participa . Este programa una ves na un año . Miembro del SP-OSSP Team: Consejal Aljihan R. Edding, Consejal Elbert C. Atilano Sr., Jomar Fermisa, Ken M. Llvisma, Hardy Bayot, Carla Lim, Michelle A. Jose y Vita Agan -1st Single Badminton Champion women . 2017 Individual women Single – Champion Team tie event Badminton               [...] Read more

Prev Next Page:

ZAMBOANGA CITY… 2ND RUNNER UP - MAYOR’S CUP… ARAW NG IPIL BASKETBALL TOURNAMENT.

25 Jul 2017 Hits:92 Be the first to comment!

El ya organiza para hace con este Team Zamboanga City amo si Bernard Gonzales y ele el ya para como el manager hunto con Atty Dino Ferrer para contesta todo [...] Read more


STREET SHOOTER... DEX

24 Jul 2017 Hits:147 Be the first to comment!

Este si Dexter Montojo Garcia , Ta llama conele mga barcada  “Dex”, 28 años de edad, 5’11” el altor y residente de Lumiyap Divisoria, Ciudad de Zamboanga . Su mayores [...] Read more


ZAMBOANGA CITY WESTERN EAGLES CLUB SPORTFEST

23 Jul 2017 Hits:100 Be the first to comment!

Este el  TFOE Philippine Eagle WMR -3  ZCWEC Basketball League que ya encabesa el Presidente de ZCWEC  Eagle  Jimmy  U. Cabato y el Tournament Manager si Eagle Allan E. Lagumbay [...] Read more


SPEED FIRE... RONNEL

21 Jul 2017 Hits:107 Be the first to comment!

Este si Ronnel Ivan Lao Basiri, conosido na nombre “Ronnel” , 22 años de edad, 5’7” el altor , soltero y residente de Tetuan , Ciudad de Zamboanga .Si Ronnel [...] Read more


Mayor, security sector meets with Maranao leaders

20 Jul 2017 Hits:151 Be the first to comment!

Mayor Beng Climaco and the security sector met with leaders of the Maranao community in Zamboanga to discuss issues pertaining to the ongoing Marawi crisis, the condition of Maranao families [...] Read more


D’ FAST and D’ FURIOUS... KAN

20 Jul 2017 Hits:123 Be the first to comment!

Este si Hemill Kan Lao Basiri , ta llama conele na palayao “KanKan”, 25 años de edad, 5’5” el altor, y residente de Tetuan , Ciudad de Zamboanga . Su [...] Read more


Man hacked by neighbor

19 Jul 2017 Hits:120 Be the first to comment!

A man was hacked by his neighbor near Jumbo Bridge in Barangay Guiwan, this city, on Sunday night. The victim was identified as Jimmy Delos Reyes Viray, 39, single, a resident [...] Read more


D’ SLASHER... BRYAN

19 Jul 2017 Hits:103 Be the first to comment!

Este si Bryan Russel Balansag Animos , ta llama conele “Bryan “, 26 años de edad, 5’10 el altor , soltero y residente de Pasonanca Ciudad de Zamboanga . Su [...] Read more


D’ QUICK BROWN FOX … Rhon Rhon

18 Jul 2017 Hits:123 Be the first to comment!

Este si Ronnel  Tatud Daruca , ta llama conele na palayao “Rhon Rhon”, 28 años de edad , 5’8” el altor , soltero y residente de Tumaga , Ciudad de [...] Read more


D’ HAWK... ALVIN

17 Jul 2017 Hits:115 Be the first to comment!

Este si Alvin John Bernardo Munio , ta llama conele “Alvin”, 31 años de edad, 6’1” el altor , y residente de Caragasan , Maasin , Ciudad de Zamboanga . [...] Read more


DOLPHIN MOVES... JUN JUN

16 Jul 2017 Hits:151 Be the first to comment!

Este si Angelito Surjedo Pacatang Jr., ta llama conele na palayao “Jun Jun” , 26 años de edad , 5’8” el altor y residente de Callejon Drive . Guiwan , [...] Read more


(Sharing Time) There’s no end of the world, but only..

16 Jul 2017 Hits:119 Be the first to comment!

TO disabuse the minds of many, there’s no destruction of our planet Earth in its physical form. The earth won’t at all go kaput or be devastated into pieces. The [...] Read more


IRON MAN PLAYER… Modz

15 Jul 2017 Hits:124 Be the first to comment!

Este si Modivar Mabolo Enriquez, ta llama conele na palayao “Modz”, 36 años de edad,  5’10” el altor, casao y su esposa si Leslie Morales Enriquez, diila mga anak si [...] Read more


Man stabbed in Ayala

15 Jul 2017 Hits:132 Be the first to comment!

A man was allegedly stabbed while walking with his common-law-wife in Dumagsa, Barangay Ayala, this city, on Wednesday night. Reports coming from Police Station 9 identified the victim as Jessie Dagooc [...] Read more


CHO withholds occupancy permits for Z3R housing units

15 Jul 2017 Hits:112 Be the first to comment!

The City Health Office has withheld its recommendation for the issuance of occupancy permits for the housing projects under the Zamboanga City Roadmap to Reconstruction and Rehabilitation (Z3R) due to [...] Read more


Driver surrenders to soldiers after bumping girl on road

14 Jul 2017 Hits:137 Be the first to comment!

For fear of retaliation from the family of his victim, a Public Utility Van (PUV) driver surrendered to the members of the Philippine Marines manning a checkpoint at Barangay Muti, [...] Read more


WILD CAT MAGIC… DASH

14 Jul 2017 Hits:126 Be the first to comment!

Este si  Esa, Al-Daser Hajiri , ta llama conele na palayao “Dash”, 22 años de edad, 5’10” el altor y residente de Armor Village, San Jose Gusu Ciudad de Zamboanga [...] Read more


D BARKER… SAN SAN

13 Jul 2017 Hits:143 Be the first to comment!

Este si Ensan Wil Delos Santos, ta llama conele na palayao “San San”, 24 años de edad, 5’6” el altor , casao y su esposa si Reivarie Joyce T Reyes [...] Read more