Headlines
Dip in Philippine competitiveness ranking a ‘wake-up call’ – business leaders
Ralf Rivas MANILA, Philippines – The sharp fall of the Philippines in the 2018 World Competitiveness Yearbook (WCY) should serve as a “wake-up call,” business leaders said on Thursday, May 24. Philippine Chamber of Commerce and Industry (PCCI) President Alegria Sibal-Limjoco said the dip in the Philippines’ competitive ranking by 9 notches in the 2018 WCY – to 50th place from 41st place last year – is a “wake up call for government and for business.” Guillermo Luz, Private Sector Co-Chairperson of the National Competitiveness Council, reiterated that the government should pay attention to the numbers of the WCY, as well as other studies. He explained that results of the study is a snapshot of how the Philippines is performing compared to its peers in Asia Pacific. “We compete for FDIs, trade, tourists, branding. It is a competition, we need to look at what other countries are doing,” Luz said. “In the ASEAN region, competition never sleeps. Respondents of these surveys look how we keep up with competition, how government implements regulation, and the measurability in terms of impact in the economy,” he added. The WCY study rereleased on Thursday revealed that the Philippines is 50th out of 63 economies in terms of overall competitiveness. This is the country’s worst year-on-year decline over the last decade and the steepest drop in Asia Pacific. The ranking is measured according to 340 indicators, about two-thirds of which are based on data and statistics, and the rest on the perceptions of over 6,300 executives worldwide. Where it all went wrong Despite having the fifth... read morePCCI-Aklan wants review of cancellation of flights
By Jun Aguirre – May 24, 2018 KALIBO, Aklan—The local chapter of the Philippine Chamber of Commerce and Industry (PCCI-Aklan) urges government, especially the Civil Aviation Authority of the Philippines, to review the cancellation of several plane flights at the Kalibo International Airport (KIA). PCCI-Aklan Secretary-General Guidon de la Cruz said several flights to and from Metro Manila and Cebu have been canceled after nearby Boracay Island was ordered closed for six months starting on April 26. The closure also saw airline companies doubling ticket prices bound for the KIA. “Because of this, businessmen, students and balikbayans have to travel to other nearby airports, such as the Caticlan Airport and the Roxas City Airport, to go to Manila. Direct flights to Cebu have also been canceled,” de la Cruz said. “The reduction of commercial flights at the KIA created economic difficulties for both passengers and cargo traffic,” he added. Meanwhile, the roll-on, roll-off service from Caticlan to Batangas port is also full, brought about by summer travel and strong basic trade between Luzon and the Visayas region, he added. The PCCI-Aklan board has filed a resolution to engage airline firms in consultation, thereby encouraging them to provide additional flight for Manila-Kalibo and restore the Kalibo-Cebu route even on limited basis. “The reduction of plane flights also does not help promote local tourism, trade and commerce, which are supposed to be increasing due to expansion of e-commerce, resulting into convenience in the movement of people and goods across our islands,” de la Cruz further said. Read... read more