Much has been said about the Philippines—names have been attached, titles have been affixed and lines have been tagged. Here’s a glimpse of the country in the global landscape.
From becoming the ‘Asia’s rising star’, Philippines is now hailed as the Association of South-East Asian Nations (ASEAN)’s ‘brightest spark’ due to the booming economy and increased business confidence in the country.
According to the Institute of Chartered Accountants in England and Wales (ICAEW) the country has been doing exceptional moves in government spending particularly in infrastructure projects as business prospects sprouts every corner and with booming household expenditure contributing to the glowing picture.
Aside from that, Goldman Sachs, leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client, recognized the country as the ‘world’s new darling’.
The company described the Philippines to have a ‘good economic story’; however, they are wary of the possible fluctuations that might happen due to the change of leadership and leaders that may affect the sustainability of the progress.
On the other hand, the Philippines rocketed 5 notches from 43rd to 38th in the recent World Competitiveness Yearbook (WCY) out 60 countries showing buoyancy in the business sector.
With all these positive reviews and hopeful vision about the country, it is undeniable that there is no stopping for the country to achieve greater heights of glory. However, the country should not be complacent about this. In order to sustain the momentum, different programs and concerns should be given equal importance by the government.
According to Rappler’s report, international observers are recognizing the government’s effort in promoting business, tourism and risk reduction program, giving emphasis on what they call the middle-class economy.
The country is yet to strengthen the programs that may affect economic performance thru foreign direct investments, government efficiency, infrastructure projects, giving solutions to concurring energy problems, imbalanced population growth and influential servant leadership.
We should always remember that the success of the country lies in our very hands. An equal contribution and constructive participation in the country’s total growth is a lot better than sitting in one corner watching the leader’s fail or worst feel insignificantly unable to help when they succeed.
Yes, much has been said to the country, and these names, these titles and monikers will be of no use if only the business and political sector will benefit from this. It’s pathetic to say that the country is progressing when even the smallest unit of the society doesn’t have the nerves to feel the abundance. Let’s prove ourselves that this place is not only a country for the wealthy, but also a country for the hopeful poor.