U.S. THINK TANK: 2016 PRESIDENTIAL POLLS 'CRUCIAL' FOR SUSTAINING PH ECONOMIC GAINS

The 2016 presidential elections will be a major turning point for the Philippine economy that can either set the stage for accelerated growth or drag the country back to its old ways, according to a US-based think tank. Rajiv Biswas, Asia Pacific chief economist at IHS, told InterAksyon.com that the Philippines must have a "good government" and "highly capable people" that will ensure reforms will go beyond the term of President Benigno Aquino III. There is a lot of competition in this area and you can't afford to stop in any way because the Philippines is starting behind. It needs to work faster than others," Biswas said. "2016 is a crucial year and the problem is if the government is weak and if it looks like it will not push for reforms then these credit rating agencies will start to re-evaluate the country," he said. “A lot is at stake” in the presidential polls and Asia Pacific's second fastest-growing economy is at risk of "slipping backwards" if the opposite happens, Biswas said. “It's actually easier for the next government because a lot of the hard work has been done. They just have to keep the country on the right track, which is not harder than what has happened in the last 10 years when the government has been struggling with high debt and macroeconomic problems. Many of the issues have been resolved," he said. READ MORE...

ALSO: Philippines slips in global competitiveness survey

The Philippines's competitiveness ranking fell four notches this year as the country still faces challenges in infrastructure, corruption and a high jobless rate, according to International Institute for Management Development (IMD). In its 2014 World Competitiveness Yearbook, IMD said the Philippines ranked 42nd this year, slipping from from 38th in 2013. In 2012, the Philippines ranked 43rd, making it a net one notch improvement in two years. Among Asia-Pacific countries, the Philippines dropped to 12th this year from 11th last year. The country's ranking was lower compared to Thailand, 27th; Malaysia, 12th; and Indonesia, 37th. US topped the list, followed by Switzerland, Singapore, Hong Kong, Sweden, Germany, Canada, United Arab Emirates, Denmark and Norway. The report ranked 60 countries worldwide on four broad factors, namely economic performance, government efficiency, business efficiency and infrastructure. It uses economic data from various international and national sources, as well as an opinion survey in generating over 300 criteria to assess and rank the competitiveness of nations. The Philippines’ economic performance factor dropped six places from 31st to 37th. READ MORE...

ALSO: ‘Tres Marias’ tagged as Malacañang bagmen

The real intent of this administration in sanitizing the supposed list of those allegedly involved in the pork barrel scam is not to exclude presidential allies, but to shield a very high Malacañang official from being scorched from the heat of the biggest rip-off in the history of the bureaucracy. This was bared by a highly reliable source to The Tribune saying that this high Palace official himself has not only benefitted from the scam but from other questionable dealings entered into by the Aquino administration. “Presently, there are three powerful ladies who are calling the shots in Malacañang with regard to ‘fund-raising activities’ for this high official,” the source told The Tribune. “And they are referred to as the Tres Marias of the Palace.” The Tres Marias, the source said, refer to the alleged troika of Rochelle Ahoro, said to be a personal secretary of the high Palace official; Odette Ong, assistant secretary of administration and finance, and Mary Antoinette Lucile Ortile, assistant to the Executive secretary.
Ahoro, according to the source, allegedly has been under the employ of this high official since his Congress days, while Ong was the personal secretary of President Aquino’s late mother, former President Cory Aquino.

ALSO: Phl, Indonesia delineate maritime borders

After 20 years of continued negotiations, the Philippines and Indonesia have finally settled peacefully their overlapping maritime claims in the hope of bringing more benefits to the two neighbors. Indonesian President Susilo Bambang Yudhoyono, who was in Manila for a two-day state visit and the World Economic Forum, thanked President Aquino for what he called the “new key milestone.” “God willing, in Allah, it will bring great benefit, real benefit for both Indonesia and the Philippines. Therefore with the agreement or such delimitation of maritime boundaries, we may work even closer,” Yudhoyono said at a joint press conference. The agreement signed yesterday is the result of a rules-based negotiation between Manila and Jakarta to achieve an “equitable delimitation of their overlapping exclusive economic zone” in the Mindanao Sea, Celebes Sea and the Philippine Sea, Presidential Communications Operations Office Secretary Herminio Coloma Jr. said. “We may cooperate in maritime and fisheries, cooperate in the field of facing transnational crime and cooperate in ecotourism and other areas which I know will bring great benefit for Indonesia and benefit for the Philippines,” Yudhoyono said. READ MORE...

ALSO: WEF Noy’s grand showcase of economic growth delirium cost P71 M

“The government spent P71-million of taxpayer’s money to host the WEF and showcase his delirium,” Anakpawis Rep. Hicap said. “The government, especially President Aquino, needs a reality check on the actual condition and situation of Filipinos. Philippines was dubbed ‘Asia’s Next Miracle.’ “Indeed, it’s a miracle that millions of Filipinos are still alive and surviving under Aquino’s burdensome presidency. For the past four years, the government only imposed policies that have worsened domestic unemployment, poverty and hunger,” said Hicap. “‘Aquinomics’ or Aquino’s brand of economic policies will never uplift the condition of farmers, workers and the entire population. The government’s showcase anti-poverty program — the Conditional Cash Transfer (CCT) scheme is not a real economic policy. It’s living proof of Aquino’s incapacity to address poverty and corruption in country. The socio-economic divide will continue to widen. Aquino is living in his own dream world. His fantasy of ‘inclusive growth’ will never be a reality,” the Anakpawis solon said. “To realize genuine and long-lasting economic growth that will benefit Filipinos, a reversal of current policies is necessary. In particular, the government must do away with the bogus Comprehensive Agrarian Reform Program (CARP) and pro-business policies such as Epira and oil deregulation law,” said Hicap. FULL REPORT BELOW...


READ FULL MEDIA NEWS REPORT:

2016 presidential polls 'crucial' for sustaining PH economic gains -- US think tank

MANILA, MAY 26, 2014 (INTERAKSYON.COM) By: Krista Angela M. Montealegre, InterAksyon.com
May 23, 2014 9:19 AM


The choice of President Benigno Aquino III's successor will be crucial to reform. Photo by Bernard Testa

InterAksyon.com means BUSINESS

MANILA - The 2016 presidential elections will be a major turning point for the Philippine economy that can either set the stage for accelerated growth or drag the country back to its old ways, according to a US-based think tank.

Rajiv Biswas, Asia Pacific chief economist at IHS, told InterAksyon.com that the Philippines must have a "good government" and "highly capable people" that will ensure reforms will go beyond the term of President Benigno Aquino III.

"There is a lot of competition in this area and you can't afford to stop in any way because the Philippines is starting behind. It needs to work faster than others," Biswas said.

"2016 is a crucial year and the problem is if the government is weak and if it looks like it will not push for reforms then these credit rating agencies will start to re-evaluate the country," he said.

“A lot is at stake” in the presidential polls and Asia Pacific's second fastest-growing economy is at risk of "slipping backwards" if the opposite happens, Biswas said.

“It's actually easier for the next government because a lot of the hard work has been done. They just have to keep the country on the right track, which is not harder than what has happened in the last 10 years when the government has been struggling with high debt and macroeconomic problems. Many of the issues have been resolved," he said.

IHS expects the Philippines’ gross domestic product (GDP) to expand by 6.2 percent this year and six percent in 2015. This after the country’s GDP grew by 7.2 percent last year.

Beyond that, the country's economy is projected to grow by five percent but there is room for further expansion if the next administration will invest heavily on infrastructure and further improve the business climate.

"It could be even better, over seven percent year after year if these reforms are made. There is a lot of positive upside if the Philippine government will continue with reforms," Biswas said.

The Philippines placed 108th out of 189 economies in the latest Ease of Doing Business survey, moving up 30 notches from No. 108 in the prior year. However, its neighboring peers Singapore, Malaysia and Thailand landed in the top 20.

Worse, the Philippines slipped in the latest World Competitiveness Yearbook of the Institute of Management Development.

The outlook for the Philippines nevertheless remains rosy with remittances from overseas Filipino workers and the IT-business process outsourcing providing "quite stable" growth for the economy, Biswas said.

But for the Philippines to fully take off, it must beef up its manufacturing sector especially now when operating in China is becoming very expensive given the high labor cost.

"You can’t be successful without a vibrant manufacturing sector. You need manufacturing to create jobs," Biswas said.

Philippines slips in global competitiveness survey By: Darwin G. Amojelar, InterAksyon.com May 22, 2014 3:54 PM

InterAksyon.com means BUSINESS

MANILA - The Philippines's competitiveness ranking fell four notches this year as the country still faces challenges in infrastructure, corruption and a high jobless rate, according to International Institute for Management Development (IMD).

In its 2014 World Competitiveness Yearbook, IMD said the Philippines ranked 42nd this year, slipping from from 38th in 2013.

In 2012, the Philippines ranked 43rd, making it a net one notch improvement in two years.

Among Asia-Pacific countries, the Philippines dropped to 12th this year from 11th last year. The country's ranking was lower compared to Thailand, 27th; Malaysia, 12th; and Indonesia, 37th.

US topped the list, followed by Switzerland, Singapore, Hong Kong, Sweden, Germany, Canada, United Arab Emirates, Denmark and Norway.

The report ranked 60 countries worldwide on four broad factors, namely economic performance, government efficiency, business efficiency and infrastructure. It uses economic data from various international and national sources, as well as an opinion survey in generating over 300 criteria to assess and rank the competitiveness of nations.

The Philippines’ economic performance factor dropped six places from 31st to 37th.

"Although GDP growth was 7.2 percent – second highest among WCY countries – the Philippines was dragged down by its recent modest export performance," IMD said.

"And although prices remained steady, inflation is relatively higher than many of the other countries in the ranking," it added.

The Philippines' government efficiency ranking also dropped—from 31st last year to 40th this year.

The report further said a series of high-profile corruption cases likely contributed to the deterioration in the perception of corruption, and both the Bureaus of Internal Revenue and of Customs (BOC) failed to meet their collection targets.

"Nevertheless, the 32 percent decline in the budget deficit and the 12 percent increase in national government revenue made up for some of the losses from the perceptions-based criteria.," IMD said.

The deterioration in the country’s rank this year may have been sharper had it not been for these macro-fiscal policy gains, IMD said.

The country's business efficiency factor ranking also went down to 27th from 19th, as the stock market cooled down significantly last year after a hot streak in 2012.

"This was not uncommon among many emerging market economies, due in part to the monetary policy of major industrial countries," IMD said.

The country's infrastructure ranking is also went down to 59th from 57th, as growing attention on poor roads and transportation facilities was compounded by the slow implementation of the public private partnership (PPP) program.

"A looming power crisis—along with a controversial price hike in late 2013—also likely contributed to this decline," IMD said.

FROM THE DAILY TRIBUNE

‘Tres Marias’ tagged as Malacañang bagmen Written by Charlie V. Manalo Monday, 26 May 2014 00:00 font size decrease font size increase font size Print 3 comments


PNoy

MANILA --The real intent of this administration in sanitizing the supposed list of those allegedly involved in the pork barrel scam is not to exclude presidential allies, but to shield a very high Malacañang official from being scorched from the heat of the biggest rip-off in the history of the bureaucracy.

This was bared by a highly reliable source to The Tribune saying that this high Palace official himself has not only benefitted from the scam but from other questionable dealings entered into by the Aquino administration.

“Presently, there are three powerful ladies who are calling the shots in Malacañang with regard to ‘fund-raising activities’ for this high official,” the source told The Tribune. “And they are referred to as the Tres Marias of the Palace.”

The Tres Marias, the source said, refer to the alleged troika of Rochelle Ahoro, said to be a personal secretary of the high Palace official; Odette Ong, assistant secretary of administration and finance, and Mary Antoinette Lucile Ortile, assistant to the Executive secretary.

Ahoro, according to the source, allegedly has been under the employ of this high official since his Congress days, while Ong was the personal secretary of President Aquino’s late mother, former President Cory Aquino.

Urban Development Coordinating Council (HUDCC) during the time of former Vice President Noli de Castro.

“Even before,as congressman, this high Palace official was already allegedly dealing with suspected pork barrel scam (Janet Lim) Napoles through Rochelle Ahoro,” said the source.

“In fact, the ‘Sexy’ being alluded to in the pork barrel scam investigation do not refer to Sen. Jinggoy Estrada but Ahoro,” the source averred.

“Ever since, it was Ahoro who has been referred to as Sexy as she is more on the heavy side,” he stressed.

“Kahit sino ang tanungin mo sa sirkulo sa pulitika kung sino si Sexy, ang ituturo sa ‘yo, si Ahoro and not Jinggoy (Ask anybody in the local political circle about Sexy and they will point to Ahoro and not Jinggoy),” he added. “Kaya nga nagulat kami na nag itinuro ni Benhur Luy na si Sexy daw, ay si Senator Jinggoy (It came as a surprise that Benhur Luy pointed to Jinggoy as the one code-named sexy),” said the source.

According to the source, among the Tres Marias, Ahoro is the most trusted by the Palace official, reportedly entrusting her with all the funds allegedly raised through illegal transactions, including the alleged commissions from the pork barrel allocations coursed through Napoles and Luy’s bogus non-government organizations (NGOs).

“Sa simpleng salita, si Ahoro ang tumatayong bagman ng nasa itaas (In plain language, Ahoro is the top Malacañang official’s bagman),” the source said.

The source also bared the smuggling activities over at the Bureau of Customs (BoC) which is costing the government at least P200 billion in lost revenue annually, can never be contained as it is allegedly Ong who is said to be directing the operation from within the Palace.

According to the source, Ong, who was one of the late Cory Aquino’s most trusted personnel then, was the alleged brains behind the mysterious disappearance of more than 2,000 container vans while en route from the Ports of Manila (POM) and the Manila International Container Port (MICP) to the Port of Batangas in 2011.

According to the source, Ong allegedly also acts as the henchman of a taipan engaged in the business of supermarkets.

“Have you ever wondered why, despite the fact that the identities of the consignees in the missing container vans – the Moncellan, the Sea Eagle and the LCN, the more than 50 trucking services and their drivers contracted to deliver the container vans and even the warehouses to which the shipments were delivered, were already identified, the House committees investigating the vans’ disappearance cut short their probe when they were already on the verge of identifying the brains behind the scam and the one who benefitted from it?”, the source asked.

The source said the inquiry on the missing container vans not because of the MICP head Ricardo “Boysie” Belmonte, the brother of House Speaker Feliciano “Sony” Belmonte and POM district collector Rogel Gatchalian are virtual “untouchables,” but because the House succumbed to alleged Palace pressure and from Ong herself.

The source said a Palace official allegedly interceded and asked House leaders for the inquiry to be placed in the backburner to protect Ong’s identity.

Pursuing further the inquiry, the source said, would only expose her identity and jeopardize a taipan’s business operation.

“And it is for that reason why the probe on the disappearance of the 2,000 containers, which when lined up on the streets would make a 12-kilomter long line, never had a closure,” said the source.

“And to think that the government lost approximately P3.6 billion in revenues arising from the missing container vans which is 10 times the P360 million plunder case slapped against former President Gloria Macapagal Arroyo in connection with the alleged misuse of the intelligence fund of the PCSO (Philippine Charity Sweepstakes Office),” the source said.

With regard to Ortile, the source said Executive Secretary Paquito Ochoa allegedly plucked her from the Housing and Urban Development Coordinating Council (HUDCC) reportedly to assist him and a brother in law, Jose Acuzar in allegedly manipulating the government’s housing program.

“Ochoa’s brother-in-law is in the construction business,” said the source. “So they needed someone who already knows the nitty gritty of the sectoral plans and overall platform of the national government in the housing sector,” the source added.

“That’s where Ortile’s expertise and know-how comes into play,” said the source. “Hence, it’s no wonder why Acuzar had been cornering most of the government’s housing projects under this administration.”

“So where is the administration’s daang matuwid now taking us? The Tres Marias are not only operating right under the Palace official’s nose but even has his blessings, raising funds which go through the daang diretso sa bulsa nila,” the source averred. Charlie V. Manalo

FROM PHILSTAR

Phl, Indonesia delineate maritime borders By Delon Porcalla and Pia Lee-Brago (The Philippine Star) | Updated May 24, 2014 - 12:00am 1 7 googleplus0 0


President Aquino and Indonesian President Susilo Bambang Yudhoyono stand next to a map showing the exclusive economic zones of the two countries following the signing of an agreement resolving a sea border dispute at Malacañang yesterday.

MANILA, Philippines - After 20 years of continued negotiations, the Philippines and Indonesia have finally settled peacefully their overlapping maritime claims in the hope of bringing more benefits to the two neighbors.

Indonesian President Susilo Bambang Yudhoyono, who was in Manila for a two-day state visit and the World Economic Forum, thanked President Aquino for what he called the “new key milestone.”

“God willing, in Allah, it will bring great benefit, real benefit for both Indonesia and the Philippines. Therefore with the agreement or such delimitation of maritime boundaries, we may work even closer,” Yudhoyono said at a joint press conference.

The agreement signed yesterday is the result of a rules-based negotiation between Manila and Jakarta to achieve an “equitable delimitation of their overlapping exclusive economic zone” in the Mindanao Sea, Celebes Sea and the Philippine Sea, Presidential Communications Operations Office Secretary Herminio Coloma Jr. said.

“We may cooperate in maritime and fisheries, cooperate in the field of facing transnational crime and cooperate in ecotourism and other areas which I know will bring great benefit for Indonesia and benefit for the Philippines,” Yudhoyono said.

“This is indeed a model, a good example that any border disputes, including maritime border tension, can be resolved peacefully,” the Indonesian leader stressed, apparently in reference to the conflicting maritime claims between China and the Philippines.

Apart from the “agreement on maritime boundary delimitation,” two other memorandums of understanding were also signed – on higher education and on combating international terrorism.

The first MOU was signed by Foreign Affairs Secretary Albert del Rosario and his counterpart Marty Natalegawa.

The second agreement was signed by Commission on Higher Education Chairman Patricia Licuanan and her counterpart Mohammad Nuh, while the last was signed by National Security Adviser Cesar Garcia and his counterpart Ansyaad Mbai.

This is the first maritime boundary treaty of the Philippines.

The exclusive economic zone (EEZ) boundary was reached on the basis of international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS) and the state practice and decisions of international tribunals on maritime boundary delimitation.

The EEZ boundary line defines the limits of the sea space in the southern Philippines, allowing our fishermen and other stakeholders a clear extent of the area where they can exercise the sovereign rights over the waters as provided for by national laws and treaties including the 1982 UNCLOS.

The EEZ boundary will also enhance the efforts of government agencies to enforce Philippine fishing, maritime and security laws.

It is the result of the work of the Philippines-Indonesia Joint Permanent Working Group on Maritime and Oceans Concerns (JPWG-MOC), officials said.

The National Mapping and Resources Information Administration of the Department of Environment and Natural Resources (DENR) and its Indonesian counterparts assisted the JPWG-MOC in the preparation of the charts for the EEZ boundary.

Foreign Affairs Undersecretary for Policy Evan Garcia led the Philippine delegation to the 8th Meeting of the JPWG-MOC on May 18 in Jakarta where the text of the agreement and the charts were finalized.

For his part, Aquino thanked Yudhoyono for his first state visit to the country, describing the bilateral discussions as productive as both Asian leaders strive to strengthen the two countries’ economic and diplomatic relations.

“We shared thoughts on how we can deepen the areas of cooperation between our two nations, and strengthen the mechanisms that will not only redound to the advancement of Indonesia and the Philippines, but will also contribute to the growth of the ASEAN region,” Aquino said.

Aquino was glad the agreement on overlapping maritime claims has been signed.

“This is a milestone agreement that is founded on the principles of international law, particularly the United Nations Convention on the Law of the Sea. It serves as solid proof of our steadfast commitment to uphold the rule of law and pursue the peaceful and equitable settlement of maritime concerns,” he said.

The Indonesian leader accepted Aquino’s invitation for a state visit extended to him in January 2012, or a year after the latter also undertook a state visit in Jakarta in March 2011, presidential spokesman Edwin Lacierda said.

Yudhoyono was conferred the Global Statesmanship Award at the World Economic Forum yesterday, where he also witnessed the official turnover to Indonesia of the hosting of the 24th WEF-East Asia in 2015.

Yudhoyono was also conferred with the Order of Sikatuna, rank of Raja, in a state dinner hosted in his honor last night.

Indonesia was Philippines’ 13th major trading partner in 2013, with total trade of $3.512 billion.

There are 9,844 Filipinos living and working in Indonesia. This year marks the 65th anniversary of the establishment of diplomatic relations between the Philippines and Indonesia.

This was Yudhoyono’s first visit to the Philippines since he became Indonesia’s president for two consecutive terms in 2004 and 2009. Aquino undertook his state visit to Indonesia on March 7 to 9, 2011.

FROM THE TRIBUNE

WEF Noy’s grand showcase of economic growth delirium — solon Written by Charlie V. Manalo and Paul Atienza Saturday, 24 May 2014

Anakpawis Rep. Fernando Hicap yesterday assailed the violent dispersal of protesters at the World Economic Forum on East Asia (WEF) in Makati City yesterday.

Anakpawis Partylist, together with other people’s organizations, protested the gathering of global business leaders, saying there will be no inclusive growth for Filipinos under the administration of President Aquino.

“The government spent P71-million of taxpayer’s money to host the WEF and showcase his delirium,” Hicap said.

“The government, especially President Aquino, needs a reality check on the actual condition and situation of Filipinos. Philippines was dubbed ‘Asia’s Next Miracle.’

“Indeed, it’s a miracle that millions of Filipinos are still alive and surviving under Aquino’s burdensome presidency. For the past four years, the government only imposed policies that have worsened domestic unemployment, poverty and hunger,” said Hicap.

“‘Aquinomics’ or Aquino’s brand of economic policies will never uplift the condition of farmers, workers and the entire population. The government’s showcase anti-poverty program — the Conditional Cash Transfer (CCT) scheme is not a real economic policy. It’s living proof of Aquino’s incapacity to address poverty and corruption in country. The socio-economic divide will continue to widen. Aquino is living in his own dream world. His fantasy of ‘inclusive growth’ will never be a reality,” the Anakpawis solon said.

“To realize genuine and long-lasting economic growth that will benefit Filipinos, a reversal of current policies is necessary. In particular, the government must do away with the bogus Comprehensive Agrarian Reform Program (CARP) and pro-business policies such as Epira and oil deregulation law,” said Hicap.

The artist group, Kabataang Artista para sa Tunay na Kalayaan or KARATULA, also scored Aquino for his remarks at the WEF extolling the miracle of Philippine Development, wherein he claimed that corruption and abuse of power by public officials have been weeded out of his reign.

“There is no miracle under Aquino! Miracles cannot be substituted for lies, and lies cannot be substituted for facts. The fact is, many of those involved in the pork scams remain off the radar, most notably Aquino,” said Menerva Espanta, KARATULA spokesman.

“More and more names of those involved in the pork barrel scam are coming out, including that of Budget Secretary Butch Abad.

“This shows that Aquino’s allies are not only untrustworthy, but that his rhetoric on ridiculing the Arroyo administration is empty. He has anomalous dealings with the same people as his predecessor and is hence even worse than former president Arroyo. He has no legitimacy to speak of when all he stakes his regime on which is actually a ploy to trick the people,” said the artist.

“The only miracle here is that he is still president. The truth is: There is more corruption in his government and the poor are already angry!”, she added, alluding to the slogan used during Aquino’s campaign until now of which his commitment was reiterated during his speech.

Meanwhile, Think Tank Ibon asserted that the ongoing WEF-East Asia would strengthen the clamor of big business for charter change (cha-cha) and drive Malacañang’s desperate bid to clinch more public-private partnerships (PPPs).

With only seven out of more than 50 PPP projects awarded so far, the Aquino government’s centerpiece economic program is slowly moving, Ibon said.

Ibon identified the projects as the Daang-Hari SLEX Link and NAIA Expressway projects, the Automatic Fare Collection System and Mactan-Cebu International Airport projects, the Modernization of the Philippine Orthopedic Center project, and the PPP for School Infrastructure Project Phases I and II, with an estimated cost of US$ 1.39 billion.

Ibon said that behind these projects are the country’s richest families or wealthiest companies.
Ibon said that the slow pace of PPP projects is indicative that the hype about the Philippines being ‘Asia’s Next Miracle’ is baseless.

“Instead of seriously addressing real economic woes such as joblessness and exclusive growth, however, government is further upholding failed and pro-business programs such as the PPPs that worsen the people’s economic conditions,” Ibon said.

Ibon said that the awarded PPP projects promise high returns to the country’s biggest businesses, while the dislocation of thousands of urban poor, farmers and fisherfolk communities have begun to give way to PPP infrastructure, proving the administration’s exclusive brand of economics.

Ibon said that the country’s experience with privatization, PPPs would result in higher prices and rates of services and utilities.

“Government is bidding for more PPPs to affirm the country’s business-friendly environment even if these will deprive the people further of their basic needs and social services,” Ibon said.

Ibon said that aside from leading to more PPP deals, the WEF a global platform for politicians, business leaders and the world’s biggest companies to discuss economic opportunities in the region, is also becoming an arena to campaign for changes in both the Philippine Constitution’s political and economic provisions.

Ibon stressed that the “good governance, good economics” hype of the Aquino administration has stirred talk in the WEF about the necessity of extending term limits for hyped “progress” to continue unhampered.

The push for cha-cha so that government and the economy could ensure the continued advancement of corporate interests amid slowing global economy has become more evident in the WEF, Ibon said.


Chief News Editor: Sol Jose Vanzi

© Copyright, 2014 by PHILIPPINE HEADLINE NEWS ONLINE
All rights reserved


PHILIPPINE HEADLINE NEWS ONLINE [PHNO] WEBSITE