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PIA Press Release
2007/04/02

Commentary: Propelling RP into First World stature ASAP

Tacloban City (April 2) -- In order to grow, first a dream must be sowed and carefully nurtured through a day by day plan that is implemented in order for the dream to become a reality.

And so it goes that in order to propel the country into a First World status at the soonest possible time, the welling up of investments being pledged or already in place must be matched with an increase in domestic ventures.

Indeed Secretary Bunye is right, although the expected surge in foreign direct investments is good news for the people hoping for more well-paying jobs, but there must be a continued effort to match this with a stronger streaming of domestic business enterprises.

There is a need for the Filipino enterprise at all levels to take the lead and make the trend in building the kind of nation every Filipino must collectively mold with their own hands and with their own vision, backed by the favorable outlook of the foreign investors on the country’s economy.

The stronger the domestic ventures, the sturdier the Philippine economy will be. The more solid the country could combine domestic and foreign resources to make the economy grow, the faster the country’ pace in joining the ranks of the First World will be by the next generation.

Recently, the Philippines’ identity as one of the top investment venues was further kept afloat when Grant Thornton International Business Report pronounced the country eight among 32 countries with the highest proportion of booming businesses in the world.

Grant Thornton International is one the world’s leading organizations of independently owned and managed accounting and consulting firms providing assurance, tax and specialist advice to privately held and public interest entities.

This is a firm indication that growing political and economic security is driving investments up in an unprecedented scale.

This and the resilient Filipino workers whose "faith and excellence" to their chosen field of expertise is world-class, will propel the country into a First World stature sooner than any detractor could ever think of. (PIA 8) [top]

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