World competitive rankings offer the Philippine government an opportunity to gauge where and how it can improve its performance in a variety of areas. Well, sometimes the self-assessment comes after some ranting, especially if the report has not been favorable. Happily, with the recent annual report of the Switzerland-based International Institute of Management Development (IMD), our economic managers found little reason to complain with a four-notch rise in the Philippines’ standing against 62 other economies. Yet, upon closer look, the grim reality is that the country continues to be a laggard among 14 Asia-Pacific economies that were tracked in the IMD report, placing 13th or just one rung ahead of last-placer Mongolia. The Philippines’ position remained in 13th place also in last year’s tracker. In the IMD’s assessment using 235 indicators categorized in the four areas of economic performance, government efficiency, business efficiency, and infrastructure, … [Read more...] about Closer look into Phl competitive rank
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Angry comments have greeted the announcement of the European Union that Indonesia’s palm oil would be banned as the industry had aggravated deforestation, thus it was not renewable energy. Palm oil is the only commodity dropped out of EU’s list of renewable energy source due to its correlation to deforestation. Indonesian President Joko “Jokowi” Widodo and Malaysian Prime Minister Mahathir Mohamad have reacted by sending an official joint letter to the bloc earlier this month. Coordinating Maritime Affairs Minister Luhut Binsar Pandjaitan retorted Indonesia could pull out of the Paris Agreement, following in the steps of the United States and lately Brazil. Although there have been no clear signs in this direction, it's worth weighing the costs of leaving the international agreement. In 2015, 196 nations gathering in Paris signed a historic pact, committing the signatories to the global goal to reduce the world's temperature increase to 2 degrees Celcius above … [Read more...] about Leaving Paris Agreement: Indonesia’s loss or the world’s?