Home > gloria macapagal arroyo, Kahindik-hindik, politics in the philippines > Business unhappy with Arroyo performance – Jose Cuisia

Business unhappy with Arroyo performance – Jose Cuisia

Business unhappy with Arroyo performance
By Jose L. Cuisia, Jr.
Philippine Daily Inquirer
First Posted 01:50:00 08/15/2009

A recent article in a local daily quoted Philippine Chamber of Commerce and Industry president Edgardo Lacson saying, “…as far as the economy is concerned, they are satisfied because the country has not entered into a recession and they think the economy will grow by 1.9 percent this year.” Lacson is entitled to his view, but I disagree that the rest of the business sector is happy with President Gloria Macapagal-Arroyo’s economic management.

Many in the business sector feel the Arroyo administration has failed to deliver satisfactory performance based on these criteria: (1) competitiveness, (2) employment, (3) export growth, (4) foreign direct investments, and (5) fiscal stability.

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