Ease of doing business still firms’ top concern in PH
The president of the Management Association of the Philippines (MAP) on Tuesday said that the ease of doing business remains a top private sector concern in the country, placing first among the top 10 considerations of local companies.
MAP president Benedicta Du-Baladad made the point during her speech at the business management group’s inaugural meeting and induction ceremony for its set of officers this year, drawing from the results of a survey they conducted among members in November last year.
“We duly noted that ease of doing business remains to be a top concern. Other [concerns] are economy, energy, climate, change, competitiveness of global industries, education, agriculture, infrastructure, ESG (environmental, social and governance) and dealing with [local governments],” she said.
With this, Baladad said that MAP intends to take action and will work with 30 committees grouped into the six clusters.
“Together with their respective governors in charge, they will be responsible for the plans and actions to best deliver results. The programs will be harmonized, tracked and calibrated to maximize resources and generate quick wins,” the MAP president said.
Baladad said this year would still be challenging, adding that it would be a continuation of the transition years as the country moves on from the experiences during the global pandemic.
“Now, we must set our sights on what’s ahead with cautious optimism, even as the fight with COVID continues,” she said.
“The bigger challenge before us will be recovery, not just in the economic front but also in the structural rebuilding of the fundamentals needed to address the impact of the digital transformation and the changed business dynamics in our government to our respective organizations.”
The MAP president also highlighted that the growing expectation is that businesses should integrate social responsibility as success indicators.
She added that this can be addressed by transformational ideas and collaboration across industries and sectors.
“The Management Association of the Philippines can be that linchpin, the hub if you will, to generate ideas and help make that cooperation happen,” Baladad added. INQ
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