By Kris Crismundo, Philippine Daily Inquirer, 19 Jun 2020
MANILA – Trade Secretary Ramon Lopez said the country should fast track reforms and implement policies that will sustain its competitiveness amid the coronavirus disease 2019 (Covid-19) pandemic.
The Institute for Management Development (IMD) reported early this week that the Philippines improved its ranking by a notch in the World Competitiveness Yearbook (WCY) 2020 to rank 45 from 46th spot last year.
The WCY ranked 63 countries this year in terms of the economic landscape, government efficiency, business efficiency, and infrastructure.
Among the notable indices for the Philippines include the labor market, which was ranked 10th; tax policy at 14th; and employment at 26th place.
“The Philippines stands on solid ground and has the momentum to overcome the current crisis,” Lopez said.
On the other hand, the country is nearly at the bottom of the WCY ranking in the infrastructure landscape which involves basic infrastructure, technological infrastructure, scientific infrastructure, health and environment, and education.
Lopez said the government is pushing through with the ‘Build Build Build’ program, investing heavily on basic infrastructure to fuel the country’s economic rebound amid the pandemic.
“As we enter 2021, the country will strongly recover from the difficulties brought about by this pandemic while being cautious of the challenges and risks that lie ahead in the new normal. The Philippines must be agile to accelerate reforms and pursue impactful economic policies to sustain the country’s growth momentum and competitiveness moving forward,” Lopez said.
Trade Undersecretary Rafaelita Aldaba added that digital transformation and moving to the fourth industrial revolution will further improve the country’s competitiveness.
“This is a pivotal moment as the crisis has presented opportunities to be more creative and build more resilient industries by repurposing manufacturing, using more data, artificial intelligence, Internet of Things, and accelerating digital adoption with all the startup work and tech innovation building up in the country. We are ready to expand our horizons and help the economy bounce back quickly,” Aldaba said. (PNA)
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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