MANILA, November 15, 2012-In a banner year in strengthening political institutions, the Philippines ranked 4th lowest among 12 Asian nations in terms of domestic political risks, according to a report by the Political & Economic Risk Consultancy, Limited (PERC). Among Southeast Asian countries, the report also placed the Philippines second only to Singapore in the same risk category.
Just two years prior, the Hong Kong-based business consulting firm ranked the Philippines 10th in Asia and 5th in Southeast Asia, showing a considerable turnaround following the assumption of the Aquino administration in June 2010.
PERC was emphatic in its assessment of the President and his government, referring to his stewardship as, "one of the few in the country's modern history that has made headway on the population's political aspirations." Among the achievements cited by the firm are: improved government fiscal position, upgrades by credit rating agencies, and serious headway into a peace agreement with the MILF.
We take the results of this report with the constant awareness that more needs to be done to further establish the gains we have made over the past two years. Restoring social trust in our institutions continues to be the overarching aspiration of the Aquino administration with the President himself leading by example.
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