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Oxford Business Group launches 'The Report...

Oxford Business Group launches 'The Report: The Philippines 2009'

OXFORD Business Group (OBG), the highly acclaimed global publishing, research and consultancy firm, has launched its second authoritative guide on the Filipino economy, The Report: The Philippines 2009.

Rated as the premier guide for foreign direct investment into the country’s vibrant economy, The Report gives invaluable insight into the many facets of The Philippines business environment, including its macroeconomics, infrastructure, political landscape, banking and sectoral developments.

The 200-page OBG report on the country is the result of a nine-month in-depth research project by a team of more than six analysts who conducted some 200 interviews with leading political, economic and business figures. 

The Report: The Philippines 2009 features a series of exclusive interviews with key officials and business leaders, including President Arroyo, John Negroponte, US Deputy of State and former US ambassador to the Philippines; Michael Tay, executive director of the Asia-Pacific Economic Cooperation Secretariat; Margarito Teves, secretary of finance; Lucio  Tan, chairman of the Lucio Tan Group; Henry Sy, founding chairman of the SM Prime Holdings; and Jaime Augusto Zobel de Ayala, chairman and chief executive officer of the Ayala Corp.

Arroyo reflected on the country’s recent economic history as it pertains to its current situation amid intensifying global economic turmoil.

“We have been focused for the last seven years on implementing pro-poor, progrowth reforms that have yielded some of the most significant economic gains in more than three decades. These are the reforms that are helping to keep our economy resilient and ensuring our government finances remain in check, despite continued volatility in the global environment.”

Zobel outlined the key challenges facing the economy during what has become a difficult period.

“Critical constraints on growth and poverty reduction include a tight fiscal situation, inadequate infrastructure, weak investor confidence and slow growth in the area of productive employment opportunities. To solve these issues, the government must try to improve two key areas: governance and revenue management. Improving the former will build investor confidence and ultimately increase investment in the economy. Expanding and managing the government’s revenue base will complement this strategy. More funds will allow the government greater flexibility for investments in infrastructure and social services. Education, for example, is essential for the country’s long-term progress. Investments in these areas will doubtlessly reap rewards in the form of greater job opportunities.”

Available in print form and online, The Report: The Philippines 2009 has been produced with OBG’s official national partner, Bangko Sentral ng Pilipinas (IRO); the European Chamber of Commerce, as research partner; Punongbayan & Araullo, as accountancy partner, First Metro Investment, as capital market partner;  and Quisumbing Torres 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 2010.

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.

Shown in photo are OBG country director Helena Alvarez-Vieitez and Bangko Sentral Governor Amando Tetangco.

(As published in BusinessMirror, 26 February 2009.)