“The unprecedented second consecutive 10-notch jump of the Philippines in the WEF Competitiveness Rankings is once again a major dividend from the good governance reforms of President Aquino.

These upgrades coming from the World Economic Forum, major credit rating agencies and various third-party institutions recognize and affirm our belief that good governance is good economics.

Recognitions like this only strengthen our resolve to make the difficult decisions to consolidate our fiscal position, maintain macroeconomic stability, improve the investment climate and ease the cost of doing business.”