LIVE: Realizing Philippines' potential #Arangkada

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LIVE: Realizing Philippines' potential #Arangkada

How far or close are key drivers of the Philippine economy against their full potential? This annual Arangkada assessment and insights from government and private sector give us a reality check

  • Good morning! We are already here at the Arangkada Pilipinas 2nd Anniversary. The program is about to start.
  • Michael Rauber delivers his opening remarks. He is is the President and Chief Executive Officer (CEO) of Royal Cargo Combined Logistics, Inc. (RCCLI), the country's first multinational freight forwarding company and currently one of the leading names in logisitics in the Philippines. He also pioneered the establishment of corporate social responsibility programs in the country.
  • RAUEBER: President Aquino's high ratings should fortify his administration's political will to pass needed reforms for growth.
  • Michael Raueber talks about "seizing the moment" in engaging with trade with other countries given the high rating of the administration. He cites the peace deal in Mindanao, high economic growth and high confidence of different international institutions for the Philippines to surge forward.
  • RAUBER: Philippines should pick up level of FDI. It will create many new jobs. The increasing number of inbound trade is a good sign.
  • RAUBER: 64% of recommendations are now underway. We must be tough enough to keep going.
  • RAUBER giving a brief rundown of speakers and sessions today. He also introduces the keynote speaker, US Ambassador Harry Thomas.
  • Mr. Ebb Hinchcliffe introduces the next speaker, Amb. Harry K. Thomas. Mr. Ebb Hinchcliffe is the Executive Director for American Chamber of Commerce (AmCham) Philippines. He had professional stints in Texas, Taiwan, Malaysia and Indonesia working for different companies including a pump manufacturing and semiconductor company as well as in the service industry.
  • Harry K. Thomas is the current United States Ambassador to the Philippines and is a career member of the Senior Foreign Service and served most recently as Director General of the Foreign Service and Director for Human Resources of the US State Department.
  • THOMAS: We are proud for the collaboration and cooperation for the mission of a broad-based and inclusive growth for the Philippines.
  • THOMAS: In my 3rd year as Ambassador to the Philippines, I saw and I'm sure you all did, the country continued to be a bright spot in the Asia Pacific region. A GDP growth of 6.6% and a stable inflation management.
  • Ambassador Thomas jokes about the desirability of the GDP growth of the Philippines and said that the US wishes to have that growth too.
  • US Ambassador Harry Thomas says PH continues to be a bright spot.

  • THOMAS: The government is firm in providing a level playing field to continue the vibrant progress of its economy.
  • AmCham Senior Advisor John Forbes takes the stage.
  • AmCham Senior Adviser John Forbes addresses guests.

  • John Forbes is a private consultant of the American Chamber of Commerce and is currently its Senior Adviser following several stints as Director, Treasurer, Chairman of the Legislative Committee, Chairman of the Promoting English Proficiency Project and Senior Adviser for the Investment CLimate Improvement Project.. He is teh principal author of Arangkada Philippines 2010 and has also written two AmCham Roadmaps to More Foreign Investment in the Philippines.
  • Forbes: Growing too slow, that applies to the fast. The future is faster.
  • Forbes: We have measured 15 global rankings. In 2012, the Philippines stopped deteriorating. If this trend continues, it would change the perception among investors.
  • Forbes talked about the impending safety issue that local airlines are currently under which affected flights to the Philippines from the EU and US market. Forbes mentioned that progress to address this is visible.
  • Forbes introduces Former Finance Sec. Roberto de Ocampo.
  • Roberto de Ocampo is the Co-Vice Chairman of the Makati Business Club and Chairman of the Board of Advisers for the RFO Center for Public Finance and Regional Economic Cooperation. He was also the former Secretary of Finance under the Ramos administration and an Alternate Governor of the International Monetary Fund.
  • De Ocampo: The DPWH's great leap forward accounted for growth. There are concerns in energy sector especially in Mindanao. Rise in Japanese and Korean investments. We still rank as one of the countries most difficult to do business in.
  • De Ocampo: I am confident more can be done to make more fun in the Philippines. But DOT cannot do it alone. I'm realistic enough to know that you can't do everything all at once.
  • De Ocampo: NAIA rehabilitation is a no-brainer. NAIA is primitive. With DOT's tourism push, NAIA must be improved. It lags behind other airports in the region.
  • De Ocampo: Amendments in Constitution to attract foreign investments. If not now, when? I recognize there is reluctance but Isn't this the best time to do it?
  • De Ocampo: Many have observed that this is the most confusing election in terms of alignments. It is also the most dynastic election we've had.
  • De Ocampo: BSP has tools to keep peso from becoming too strong, whatever that may mean. Stronger peso may hurt remittances and BPO sector.
  • Guillermo Luz is the Private Sector Co-Chairman of the National Competitiveness Council. He was also the former Executive Vice President and Chief Operating Officer of Ayala Foundation, Director of Ayala Museum and Secretary-General of NAMFREL.
  • Guillermo Luz takes the stage.
  • Luz: The gov't has implemented what it has set out to do. I'm not surprised about progress. Last time I talked to you, I expressed optimism. I'm still optimistic.
  • Luz: In terms of global competitiveness, in ASEAN, we came from the bottom now we're above Vietnam.
  • Luz: Global Competitiveness report. We came from second from the bottom and have overtaken Vietnam. We want to move into the top quartile in the next 2 years.
  • National Competitiveness Council Private Sector Co-Chairman talks about various competitiveness surveys.

  • Luz: Improvement for PH in Global Competitiveness Report. Across 12 categories, there are improvements. That's a good sign.
  • Luz: Ease of doing business report Philippines is in the bottom half of the world.

  • Luz: A lesson we learnt: it requires team work to create a reform package. Very few problems can be addressed by individual agencies.
  • Luz: The competition never sleeps. All countries in ASEAN are moving very fast. We need to move faster and with more resoluteness.
  • Luz: Speed in reform should be our new mantra. With amount of time left in this administration, we need speed.
  • Luz: We need to make all the reforms stick. The constituency must demand change. We need to be a noisy constituency to motivate government to institute change.
  • Luz: I'd like to suggest that we look at what we have. The glass is filling. It is getting full. We have a job to do to make it full. We're moving up.
  • Luz: Another lesson we learnt: The bar always rises, competition gets tougher every year. Competition is measured by weight class which is GDP per capita. As you move up you start fighting heavyweights. Speed is everything. Maintaining
  • Up now is Roger Dimmel who is the First Vice President of the Canadian Chamber of Commerce and is an active development practitioner in the Philippines for the past 25 years with stints in various institutions including the CIDA, UNDP, the World Bank and various projects funded by USAID. He currently works with Indigenous Peoples in Soutern Mindanao in plantation agricultural and parallel small-holder development.
  • Introducing the panelists for the third part titled Big Winner Sectors is Mr. Roger Dimmel.
  • The panel members are:
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