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Government boasts of higher ranking in global economic index

THE Palace on Saturday expressed elation over the Philippines’ increased ranking in the 2012 World Economic Freedom Index, adding it has further deepened its resolve to address the concerns raised in the third-party assessment.
The 2012 Index of World Economic Freedom, published by The Wall Street Journal and think-tank group The Heritage Foundation, raised concerns about the Philippines’ “corruption” and “inefficient judiciary.”
With an overall score of 57.1, the Philippines ranked 107th out of the 179 countries rated – an improvement from last year’s 115th spot. The report cited “a significant improvement in business freedom.” It ranked the Philippines 19th out of the 41 countries in the Asia–Pacific region.
“It’s because of economic expansion and the government’s commitment to pursue legislative reforms to enhance the business environment,” deputy presidential spokesperson Abigail Valte said Saturday.
“An assessment from the third party notes that our regulatory efficiency has been notably enhanced. This is what President Aquino has been saying, that we are really after efficiency of government,” she added.
The higher economic freedom ranking comes days after former President Gloria Macapagal-Arroyo released an economic essay criticizing Aquino’s administration and its capability to improve the economy.
The essay entitled “It’s the economy, student!” – which referred to Aquino, a former economics student of Arroyo – said that the former has failed to improve on the gains of his predecessor’s nine-year administration.
In the Index of World Economic Freedom report, it was stated that the Philippine economy has expanded at an average annual rate of close to 5 percent over the past five years.
“At least, these are third party assessments which have no axes to grind against the present administration… This is not from a personality na may interest,” Valte noted.
“There are lingering institutional challenges that will require deeper commitment to reform. Despite some progress, corruption continues to undermine prospects for long-term economic development. The inefficient judiciary, which remains susceptible to political interference, does not provide effective protection for property rights or strong and transparent enforcement of the law,” the report added.
Valte said that for its part, the Aquino government will continue to fight corruption. The challenge, however, remains for the Judiciary on the dispensation of justice, she added.
The Index of World Economic Freedom ranked Hong Kong’s economy as the freest with 89.9 points. Singapore followed Hong Kong with 87.5. Other countries who figured in the top 10 are Australia (83.1), New Zealand (82.1), Switzerland (81.1), Canada (79.9), Chile (78.3), Mauritius (77), Ireland (76.9), and the United States (76.3).
Countries are rated in 10 categories such as property rights, freedom from corruption, government spending, fiscal freedom, business freedom, labor freedom, monetary freedom, trade freedom, investment freedom, and financial freedom. (Kathrina Alvarez/Sunnex)

http://www.sunstar.com.ph/manila/local-news/2012/01/15/government-boasts-higher-ranking-global-economic-index-200671

Tourists and residents of Manila travel out of town to the north on a short getaway look for the best place in Clark for rest and relaxation.

Companies, even organizers, wedding planners and families are looking for Resorts and beaches near Manila for events and retreats. Frequently visited destinations for vacation spots this summer in Philippines are found in Angeles City, Clark, Pampanga, which is very accessible from Manila, Subic and Cebu.

Frequent travelers and visitors staying in Angeles City Pampanga Clark Philippines look for restaurants, coffee shops, bars, pubs, hotels and resorts in Clark that offer free internet connection to guests. There are some highly recommended places in Clark that offer good WIFI internet services.

Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occasion

You might want to check also the Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.

Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occasions. Looking for a restaurant in Clark for a Business meeting? Or a place to eat with friends? Yats Restaurant offers exclusive dinner venue for groups, a good place to celebrate special occasions, it can be a party venue in town. Yats Restaurant is a recommended restaurant for private dinner in Philippines, a well-recognized restaurant that serves good food and good wines for dinner.

Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.

Yats Restaurant and Wine Bar has its own special attraction for January 2010. Featured on the “special” menu are luxurious items that are guaranteed to make the dinners memorable. Saturdays in January are BYOB dinners which means that wine lovers can bring their own bottles to dine at Yats Restaurant without being charged corkage. BYO (Bring Your Own) is a special theme of Yats Restaurant which offers the biggest selection of fine and everyday wines anywhere in Asia.

http://www.YatsRestaurant.com

Looking for a party venue in town?
Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration.

This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon, Subic, Tarlac, Pampanga, Clark Freeport Philippines.

Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?
Trouble free hotels and well recognized hotels in Subic Clark Angeles City Pampanga
Clearwater Resort and Country Club offers a good place to stay in Subic Clark Angeles City Pampanga. In offers nice place to have rest in Subic Pampanga outside Manila.
One of the Philippines top hotels in north Luzon.

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

http://www.ClarkWineCenter.com

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