Instructions

The objective of the evaluation form is for experts to monitor the status of Arangkada reform recommendations, identify which recommendations are no longer relevant, and suggest new recommendations.

Listed below are the recommendations for Part 1

In the Comments column, please provide any updated information that positively or negatively affects the recommendation (e.g. Executive Orders, Administrative Orders, Supreme Court decisions, etc.).

In the Status column, please rate by clicking on a star per recommendation. Legend is as follows:

Arangkada Philippines 2010: A Business Perspective
PART 1: GROWING TOO SLOW
No. Recommendations Comments Status
1 The new Philippine administration should consider adopting as a major high priority policy goal doubling the GDP growth rate to 9 percent and adopt and implement a plan to achieve this within 3 years. This has to be supported by a clear long-term industry policy.
2 Job creation by the private sector should receive extremely high priority, to reduce unemployment and underemployment by 50% and to give Filipinos more alternatives to working abroad.
3 FDI should be targeted to reach over US$ 7 billion26 a year in 3-4 years. FDI should also be measured in terms of job creation and exports (products and services) generated.
4

An export target of US$ 100 billion in 5-6 years should be set, with more diversified exports and new markets.

5 Adequate funds should be made available for international promotion of Philippine exports, inwards investments and tourism, medical travel and retirement programs.
6 A significant share of remittances should be channeled into productive investments in the domestic economy through bonds and other funds.
7 Double funds available for physical and social infrastructure, civil service quality improvement, investment, tourism and trade promotion, and other growth-promoting expenditures through less waste in government spending, more effective tax collection, and selectively increasing the Expanded Value Added Tax (EVAT), before other taxes.
8 Public and private sectors should organize a Special Experts Group comprising economic, business, labor, and government leaders to recommend key reforms to make the economy grow at least 9%.

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