COMPELLING. CONSISTENT. CREATIVE.
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COMPELLING. CONSISTENT. CREATIVE. |
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Oxford Business Group launches its authoritative
THE REPORT: Philippines 2008
Manila, Philippines, February 15, 2008 - Oxford
Business Group (OBG), the highly acclaimed global publishing, research and
consultancy firm, has launched its first annual authoritative guide on the
Filipino economy, The Report: The Philippines 2008. Rated as the premier guide for foreign direct investment into the
country’s vibrant economy, The Report is an invaluable guide to the many facets
of the Philippines, including its macroeconomics, infrastructure, political
landscape, banking and sectoral developments, and presents a remarkably
in-depth profile of the country’s diverse economy. The Report: The Philippines 2008 publication has been introduced
by OBG in association with its main research partner Bangko Sentral ng
Pilipinas (IRO). The 200-page first annual OBG report on the country, a 9 month
long in-depth research by a team of more than 6 analysts who conducted some two
hundred interviews with leading political and economic figures. The Report: The Philippines 2008 features a series of exclusive
interviews with key officials and business leaders in what is considered the
most extensive, independent, unbiased and accurate intelligence available. Jaime Augusto Zobel de Ayala, Chairman and CEO, Zobel outlined the
Filipino economy’s advantages in the global marketplace. “The Philippines has a natural advantage in the services sector.
The government over the past few years has made efforts to position the country
as the ‘e-services hub of Asia’. As such, the Philippines is one of the most
aggressive country players in targeting the outsourcing market in the US,
Europe, and neighboring Asian countries” Mr. Zobel also outlined how what reforms are essential to allow
the Philippines to stay ahead of the investment curve. “We need better and more effective execution of policies and
programmes; elimination of the school building backlog; uncontroversial, timely
and on-budget completion of infrastructure projects; and proper spending of
2007 budget appropriations by national government agencies. We also need
stronger collaboration between the national government and local governments in
order to expand the role and performance of local governments because the
latter can be powerful engines of broad-based economic growth if they connect
with the appropriate policy directions, technical knowledge and economic
opportunities.” President Gloria Macapagal-Arroyo also reveals the priorities for
the government in the short term. “The next three years will be dominated by three key goals:
invest, invest and invest some more. We will increase investment in our country
and our people in order to: 1) improve our infrastructure to create a modern
business environment, from high-tech back bones to ports, bridges and roads; 2)
improve social services such as health insurance and school nutrition
programmes; 3) boost educational support in our efforts to reduce poverty by
investing in better school buildings, new text books and teaching materials,
and training programmes for teachers and school administrators; and 4) cut red
tape and continue to eliminate corruption from the system.” Available in print form and online, The Report: The Philippines
2008 has been produced with OBG’s official national partner, Bangko Sentral ng
Pilipinas, Makati Business Club (MBC) as a research partner, Punongbayan &
Araullo as accountancy partner, First Metro Investment as capital market
partner, and ACCRA Law Offices as legal research partner. It is part of the range of OBG’s publications, which are renowned
as leading sources of information on developing and emerging economies around
the world. The team is now preparing for The Report: The Philippines 2009. About Oxford Business Group Oxford Business Group (OBG) is a global publishing, research and
consultancy services firm. OBG publishes economic and political intelligence on
the markets of Asia, The Middle East, North and South Africa, and Eastern
Europe. Through its range of print and online products, OBG offers
comprehensive and accurate analysis of political, macroeconomic and sectoral
developments, including banking, capital markets, energy, infrastructure,
industry and insurance. Written by a team of seasoned analysts, based on the ground for
six months, the critically acclaimed series of economic, political and business
reports have become the leading source of intelligence on the rapidly
developing countries in the regions they cover. OBG’s online economic briefings
provide up-to-date in-depth analysis on the issues that matter for thousands of
subscribers worldwide. OBG’s consultancy arm offers tailor-made market
intelligence and advice to firms currently operating in these markets and those
looking to enter them.
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