Malacañang said Thursday it will consider as a learning point and a continuing challenge the Philippines’ drop in ranking in the Forbes’ Best Countries for Business for 2013.
Presidential Communications Operations Office head Herminio Coloma Jr. said there is room for improvement for the Philippines to fare much better on the list.
“We acknowledge there would be room for improvement in all those aspects … Para sa atin, tinuturing natin na isang continuing challenge para mas mapahusay ang ating mga business processes (We acknowledge there is room for improvement in all those aspects. We view as a continuing challenge the need to improve our business processes),” Coloma said.
The Philippines had ranked 90th out of 145 countries in the Forbes’ Best Countries for Business List for 2013, slightly lower than in 2012. This was three notches below the country’s rank last year.
On the other hand, Coloma said the Philippines will not be content at being 90th or 87th, but will seek to move as close as possible to the top of the list.
In the meantime, he said the Philippines will consider its dip in the ranking a “learning point and an opportunity for introducing further improvements.”
But he said this would require the efforts not only of the government but also of the private sector. (PND)