Ease Of Doing Business A Top Concern For Local Firms

The Management Association of the Philippines (MAP) said the ease of doing business remains the top concern for the private sector in the country.

“We duly noted that ease of doing business remains to be a top concern. Other [concerns] are economy, energy, climate, change, the competitiveness of global industries, education, agriculture, infrastructure, ESG (environmental, social and governance) and dealing with [local governments],” MAP president Benedicta Du-Baladad said.

Baladad further says that MAP plans to take action and work with 30 committees grouped into six clusters.

“Together with their respective governors in charge, they will be responsible for the plans and actions to deliver results. The programs will be harmonized, tracked, and calibrated to maximize resources and generate quick wins,” she said.

Baladad said this year would be challenging as the country recovers from the effects of the global pandemic.

“Now, we must set our sights on what’s ahead with cautious optimism, even as the fight with COVID continues,” she said.

“The bigger challenge before us will be recovery, not just in the economic front but also in the structural rebuilding of the fundamentals needed to address the impact of the digital transformation and the changed business dynamics in our government to our respective organizations,” Baladad said.

The MAP president also highlighted growing expectations on businesses to integrate social responsibility as a success indicator through transformational ideas and collaboration across industries and sectors.

“The Management Association of the Philippines can be that linchpin, the hub if you will, to generate ideas and help make that cooperation happen,” Baladad said.

Source: Inquirer.net