August 18, 2017: *** The National Grid Corp. of the Philippines (NGCP) is now faced with the problem of looking for usable areas to hold transmission lines that would link the power barge in Tapal Wharf in Ubay town to a substation in Barangay Emelda of the same town. ***The City Government of Tagbilaran is set to sign a memorandum of agreement with BFAR for a multi-million peso livelihood project intended to uplift the living conditions of the fisherfolk. ***47th Infantry Battalion Commanding Officer, Lt. Col. Joel Malig said units under him are currently undergoing intensified intelligence operations along with other allied units to confirm the reports on sightings of armed men in Bohol. *** LGU Pilar's program, "Productivity Improvement thru landcare and Agriculture Resource Development and Management"(Pilar Dam) landed in the top 20 in Taking Look 2017. *** LGU Panglao got third place (3rd-6th class municipalities) in Infrastructure during the 5th Regional Competitiveness Summit held at PICC recently. ***LGU Panglao's entry program "A Purok-Based Approach in Basic Education Reforms/Turo-Turismo: Strengthening Partnership and Industry Linkage for Effective K-12 Implementation is among the 20 finalist of the Galing Pook Awards 2017. ***The towns of Panglao and Pilar are among the 20 finalists in the yearly search for Galing Pook Awards 2017. *** The National Food Authority in Bohol said prices of rice in the province have been on an uptrend since last week reaching an increase of up to P5 per kilo. *** A man listed in the Bohol Provincial Police Office drug watch list was caught last night with drugs weighed 80 grams with estimated street value of P993,000.

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Wednesday, February 19, 2014

In the official results of The Heritage Foundation and The Wall Street Journal’s Index of Economic Freedom, the Philippines now ranks 89th out of 178 countries, improving from last year’s 97th out of 177 countries. 

The Philippines ranks 16th out of 42 Asia-Pacific countries, with a score of 60.1, 1.6 points higher than the regional average of 58.5. 

According to this report, the Philippines improved its ranking because of “notable improvements in investment freedom, business freedom, monetary freedom, and control of government spending,” and is “moderately free.” 

Secretary Cesar V. Purisima noted that this report proves the Aquino administration’s principle that good governance is good economics.

“By focusing on deepening the virtuous cycle of good governance, the administration’s efforts in addressing the problems of corruption, fiscal mismanagement, and inefficient regulatory processes are being noticed by international organizations and observers, making the Philippines more attractive to investors,” Purisima said. 
Purisima said, “Our challenge now is to continue our improvements and to ensure our recent economic growth and inclusive development remain beyond President Aquino’s term ending in 2016. We are now focusing on legislating these reforms to ensure the dividends of good governance will be here to stay.” 

Looking forward, Purisima said, “We hope that Filipinos will demand succeeding administrations to enter into the virtuous cycle of good governance.” 

The Index of Economic Freedom is a joint publication of The Wall Street Journal, and The Heritage Foundation. The annual report tracks progress in economic freedom through indicators such as Rule of Law, Limited Government, Regulatory Efficiency, and Open Markets in 186 countries. Economic Freedom as defined by the publication is the fundament right to control one’s labor and property, with government allowing the free movement of labor, capital and goods. (DOF)

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