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Roberto de Ocampo, co-vice chairman of the Makati Business Club and secretary of Finance under the Ramos administration, said: “I think the government’s drive to concentrate on lowering corruption and espousing integrity and good governance both in the public and private sectors is making good impression. And the growth of the economy is reflecting that.”

Guillermo Luz, Co-Chairman of the National Competitiveness Council, said: “We have to play catch up in infrastructure. We’ve been under-investing in this field. With country growing this way, where there’s strain on infra, you need more of it.”

But the report hailed the government’s effort to fight corruption, noting that this is the first time since 2003 that corruption was not the primary concern in doing business in the country.

Um arranha-cus que est a ser construdo em Londres, conhecido como a torre Walkie-talkie, est a chamar a ateno pelas piores razes: a forma cncava da sua superfcie espelhada est a concentrar os raios solares de tal forma que j derreteu peas de automveis, causou danos nos edifcios circundantes e at h mesmo quem tenha conseguido estrelar um ovo. Os responsveis pelo edifcio esto a tentar encontrar uma soluo para evitar o fenmeno.

The Philippines improved in almost all of these pillars, but the biggest leaps are in the Innovation category, which is an indicator of a nation’s capacity for modernization, and in the Institutions category, which measures efficiency in spending public funds.

Meanwhile, Finance Secretary Purisima issued statement in reaction to the report: “I am more than pleased to learn that the Philippines has once again made marked progress in the rankings for the World Economic Forum’s Global Competitiveness Report, notching the 59th rank out of 148 economies this year versus ranking 65th out of 144 economies last year. This is a significant jump from our ranking of 87th in the report in 2009. Truly, the gains of good governance under President Aquino have resounded to the business community, as investors in the Philippines now enjoy a playing field that is more stable, more transparent, and more level than it has ever been.”

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