OP ED EDITORIAL: MANILA STANDARD –Weak and strong
Among the nine Southeast Asian countries included in the rankings, we placed fifth, behind Singapore (second in the world) and Malaysia (25th globally), followed by Thailand (38th) and Indonesia (45th).
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The WEF ranking provides the big picture of which economies are doing well and which could do better.
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All these are happening amid the changing nature of competitiveness, the WEF said, brought about by changes in digital technology interacting with traditional issues like governance, infrastructure and skills.
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But aside from the big picture, the report also takes a closer look at individual economies’ performance vis-a-vis the rest of the world in various indicators and pillars.
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Our economic managers and planners can take a cue from the findings as they draw up where to work harder.
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The Philippines, for instance, ranked 67th in enabling environments (institutions, infrastructure, ICT adoption and macro-stability), 94th in human capital (health and skills), 34th in market (product market, labor market, financial system and market size) and 52nd in innovation ecosystem (business dynamism and innovation capability).
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ASEANEWS EDITORIAL & CARTOONS:
Updated
After nine straight months of rising prices, the government took its first big step to stop the rise last Tuesday. It removed all restrictions on rice importations. Since food prices make up the biggest part of inflation figures and rice is the principal food item of Filipinos, unimpeded rice importation should have an impact on the whole market situation in the country.