Palace welcomes PERC Report on PHL

November 15, 2012 11:11 pm 

By Lilybeth G. Ison

MANILA, Nov. 15 — Malacanang welcomed the latest report of the Political & Economic Risk Consultancy, Limited (PERC).

"We take the results of this report with the constant awareness that more needs to be done to further establish the gains we have made over the past two years," said Presidential Spokesman Edwin Lacierda in a statement Thursday.

According to the PERC report, the Philippines ranked 4th lowest among 12 Asian nations in terms of domestic political risks.

Among Southeast Asian countries, the report also placed the Philippines second only to Singapore in the same risk category.

Just two years earlier, the Hong Kong-based business consulting firm ranked the Philippines 10th in Asia and 5th in Southeast Asia, showing a considerable turnaround following the assumption of the Aquino administration in June 2010.

PERC was emphatic in its assessment of President Benigno Aquino III and his government, referring to his stewardship as "one of the few in the country’s modern history that has made headway on the population’s political aspirations."

Among the achievements cited by the firm are: improved government fiscal position, upgrades by credit rating agencies, and serious headway into a peace agreement with the Moro Islamic Liberation Front.

"Restoring social trust in our institutions continues to be the overarching aspiration of the Aquino administration with the President himself leading by example," said Lacierda. (PNA)



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