The National Competitiveness Council (NCC) is rolling out the implementation of “5-Star Projects.” This project is aimed not only in improving the country’s level of competitiveness but also to trigger a 7-percent annual economic growth.
The “5-Star Projects include the development of local government units into economic sparkplugs by assisting their sunrise or up-and-coming industries such as agribusiness, tourism, information technology-enabled services, mining, manufacturing, health and wellness, and supply-chain logistics, become more productive.
The other 5-Star Projects include the facilitation of streamlined business permits and licensing system; use of a corporate governance scorecard rating system on government agencies; an online updating system in public finance management process; a faster discharging process for imports and exports; a Process Monitoring System for appeals or complaints addressed to Malacañang; an IT system which tracks cases filed with the Office of the Ombudsman; and the drafting of a strong Investors Assistance Process.
The National Competitiveness Council was formed on October 2006 as a Public-Private Task Force on Philippine Competitiveness by virtue of Presidential Executive Order No. 571, to address the improvement of the country’s competitiveness from the bottom third of competitiveness rankings to the top third by 2010. (PIA)
