Friday, 21 May 2010

Malacanang elated over results of World Competitiveness Survey

http://www.gov.ph/index.php?option=com_content&task=view&id=2003513&Itemid=2

MANILA, May 20 (PNA) -- Malacanang expressed elation over results of the World Competitiveness survey conducted by a European firm showing an improvement in the country's ranking due to economic gains.

"We're striving hard to maintain economic growth... We're happy with this achievement," Presidential Spokesperson Ricardo Saludo said in a press briefing.

The Philippines ranked 39th place, or five notches higher to its previous ranking in 2009 at 43rd in the Institute for Management Development (IMD)’s 2010 list of 58 economies in terms of global competitiveness.

This is the Philippines' best performance since its inclusion over a decade ago.

Due to economic gains and government efficiency, the Philippines improved in its score by more than two points from 54.49 to 56.52 as shown in the latest edition of the IMD’s World Competitiveness Yearbook. (PNA)

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