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‘Arangkada’ report out next week

BUSINESSMEN are expected to score the Aquino administration favorably with regard to proposed reforms.

Over 400 policy recommendations from foreign and local businesses were laid out two years ago under the Joint Foreign Chambers (JFC)-led Arangkada initiative, a report on which is expected to be issued next week.

“In gross terms of recommendations that are either moving or still ongoing, the government was able to get a score of 55% to 45%,” said John D. Forbes, JFC senior adviser, adding: “This ratio is expected to improve since there have been many gains in the past few months.”

“There has been some improvement in infrastructure policy although of course there is still work needed … now the government is beginning to walk the talk. We expect this year to be a critical and banner year for awarding major PPPs (public-private partnerships),” Mr. Forbes said.

Details regarding the reforms achieved, and changes that still need to be implemented, will be released during the 2nd Arangkada Philippine Forum on Feb. 26, he said.

– See more at: http://www.bworldonline.com/content.php?section=TopStory&title=%E2%80%98Arangkada%E2%80%99-report-out-next-week&id=66260#sthash.wznCWvds.dpuf

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Source: Business World, 21 February 2013

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