MANILA, Philippines – Malacañang is optimistic that the Philippines’ economic freedom ranking would improve due to the government’s reform efforts.
Presidential spokesman Edwin Lacierda said yesterday the government is now working to improve the business environment in the country.
“The Aquino administration has taken steps, among others, to streamline the bureaucracy, level the business playing field, improve the business registration system, and institute zero-based budgeting-efforts that show our commitment to improve the business and economic climate in the country,” Lacierda said in a statement.
“We can reasonably expect that when the efforts of the Aquino administration are factored into their next report, the Philippines will rank higher,” he added.
Lacierda noted that the 2011 report was based on 2009 figures covering the term of President Gloria Macapagal-Arroyo.
The Philippines’ ranking in this year’s economic freedom survey of the World Bank slipped to 89th place from 76th place previously. The country’s score fell to 6.46 from 6.77, the report released last Wednesday showed.
The Economic Freedom of the World report is produced by the Fraser Institute, a Canada-based public policy think tank, in cooperation with independent institutes in 85 nations and territories.
Economic freedom is gauged using five different indicators, namely size of government, legal structure and security of property rights, access to sound money, freedom to trade internationally and regulation of credit, labor and business.
This year’s report surveyed a total of 141 countries worldwide.
The report said the average economic freedom score over the past two years dropped to 6.64 in 2009 from 6.74 in 2007.
Fred McMahon of Fraser Institute said governments worldwide are adopting “perverse regulations” in response to the debt crisis experienced by the US and Europe.
He said such policy moves would have huge negative implications on the economic freedom and financial recovery. –Alexis Romero (The Philippine Star)
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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