The National Competitiveness Council of the Philippines is planning to be more competitive this year by topping off last year’s 30-notch jump in the world rankings. In this year’s annual Ease of Doing Business Summit held at the Intercontinental Hotel last May 28, 2014 they have laid out their full force game plan in boosting our country’s competitiveness. The reforms made by the Task Force includes: improvements in processes in starting your business, reducing the number of steps to be done in order to save time and also a considerable amount of reduction in fees in electricity and tax.
All these reforms were designed by the NCC together with the private and public sector Task Force, based on the Doing Business Report of the International Finance Corporation. The members of the inter-agency Task Force made their vows in front of major stakeholders from government, business, development organizations, diplomatic corps and media. In attendance were Budget Secretary Florencio Abad, Trade and Industry Undersecretary Nora Terrado, and International Finance Corporation (IFC) Resident Representative Jesse Ang. Co-Chairman, Guillermo M. Luz also reminded everyone that competition never sleeps that is why we should all put a hard work in making the Philippines an ideal place for business. The NCC calls for a new kind of people power to revolutionize the bureaucracy to sustain the momentum for competitiveness, especially as other countries continue to reform. Mr. Luz also challenges the Filipino youth to strive hard and focus on reaching their goals by gaining experience and implementing it to be successful in business. The National Competitiveness Council is putting their best effort in making the future of the economy of the Philippines be in the top third world rankings by 2016.
Written by Microphone Club Network – Creative Director and Writer, Chelsea