By Kris M. Crismundo
MANILA, Feb. 26 (PNA) — Active recommendations of Arangkada Philippines to achieve US$ 75 billion foreign investments that will create 10 million employment and P10 trillion in revenue is growing on its third year after government took these reforms in growing the economy.
Arangkada Philippines is an advocacy paper which aims to position Philippines as the 12th most populous country and probably the 10th or 9th by 2030. It has a total of 471 recommendations in which 462 of these were all rated recommendations.
The recommendations were based on 6-star rating.
Recommendations rated with six stars are “completed” recommendations; five stars for recommendations with “substantial progress”; four stars for recommendations that had “started” which are all considered as active recommendations.
In the third anniversary assessment result released Wednesday in line with Arangkada Philippines Forum, Arangkada Philippines now has 326 active recommendations in 2013; from 290 active recommendations in 2012 and 232 active recommendations in 2011.
Of the 326 active recommendations, 19 were rated as six stars or completed recommendations; 94 were rated as five stars or recommendations in substantial progress; and 213 recommendations as four stars or recommendations that were started to move.
On the other hand, dormant recommendations were recommendations rated with three stars or “not ongoing”; two stars for “backward (or with) regression” recommendations; and one star rating for recommendations that are “no longer relevant”.
According to the summary, dormant recommendations went down to 120 in 2013 from 159 in 2012 and 219 in 2011.
Of the dormant recommendations, 94 were rated as three starts or not ongoing; 26 were two stars or backward recommendations or in regression; and 17 were rated as one star or no longer relevant recommendations.
In order to achieve its goal, Arangkada Philippines urged for reforms in seven sectors including agri-business; business process outsourcing (BPO); creative industries; infrastructures including airports, seaport, rails and roads, telecommunications, water, power, and infrastructure policy; manufacturing and logistics; tourism which include medical travel and retirement; and mining.
It also rates reforms on business costs, environment and natural disaster, foreign equity and professionals, governance, judicial, labor, legislation, local government, macroeconomic policy, security, and social services including education, health and population, and poverty.
Arangkada Philippines is a flagship project of members of Joint Foreign Chambers of the Philippines (JFC). (PNA)