Wazzup Pilipinas!
The Association of Filipino Franchisers, Inc. (AFFI) has expressed big hopes for entrepreneurs after hearing President-elect Rodrigo Duterte’s plans for the sector over the last few days.
Duterte has bared his 8-point economic agenda, which his administration plans to implement once he officially assumes office. He has also vowed to end red tape and corruption in the government to fast-track business processing, promising to cut business registration to only three days.
“We’ve been hoping to hear something like this from our would-be leader even before the elections,” says AFFI Executive Vice President Ricardo Cuna. “We’re ranked pretty low in terms of ease of doing business here in the country, and that’s primarily because of our current entrepreneurial ecosystem. I think most of us in the industry agree that it’s the first thing we need to improve.”
Cuna cited the latest World Bank Group’s Doing Business 2016 report, where the Philippines ranked 103rd out of 189 economies with regard to “processing business permits and registrations”. It also came 6th place among its ASEAN counterparts, with Singapore, Malaysia, Thailand, Brunei, and Vietnam outranking the country for the first five slots.
“This situation is one of the factors that slows down the growth of entrepreneurship in the country. Hearing directly from President-elect Duterte that he plans to focus on resolving that gives us confidence that this will all change soon,” mused Cuna.
Ross is known as the Pambansang Blogger ng Pilipinas - An Information and Communication Technology (ICT) Professional by profession and a Social Media Evangelist by heart.
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