ONE WORLD MEDIA CORP - Key Persons
Since President Benigno Aquino assumed office last 2010, the Philippines has been undergoing a major overhaul in improving its image as a promising investment hub. Some of these notable implementations are the programs to fight corruption and improve the government's fiscal management. The current administration has been bound to prosecute those who have misused government funds regardless of their position in the bureaucracy. Meanwhile, the National Economic Development Authority (NEDA) has devised a Philippine Development Plan (PDP) which aims to create a sustainable economic growth through policy making and execution development plans such as improving industry competitiveness, facilitating infrastructure development, strengthening the financial sector and generating more employment. Infrastructures are being built to meet the growing demands for office and residential spaces as well as paving more farm-to-market roads for more efficient transportation of agricultural products. Upgrades in the education system through the K-12 program is being integrated as the country aims to produce a more competitive workforce. Policies are implemented to ensure that businesses continue to flourish without compromising the inclusive growth that the current administration is advocating for. These programs have gained renewed interest from both local and international investors. In fact, three major credit rating agencies namely: Moody's, Fitch, and Standard and Poor's (S&P) have upgraded the countries credit status to
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Job Titles:
- Secretary of Economic Development and Commerce
With their will power still intact, a fruitful relationship between the private and the public sectors, and with a solid, ambitious plan for the future, Puerto Rico seems to be in fact "open for business", and on the path towards stable growth, a healthy economy and a collective society. "Doing business in Puerto Rico is doing business with the US, except no other state can match the incentives we offer", concludes Mr. Laboy. "Indeed, this is the time to invest in Puerto Rico", adds Mr. Marrero, "our country is on the rise, and our best days are still ahead of us"
On the notion of clarity, our team prior to travelling had approached to interview PM Hon Allen Chastanet to get his answers on some of the most important issues facing the country and to discuss the investment climate and key issues being faced, from the hotly contested DHS project, the controversial Dolphin park through to possible solutions for the correspondent banking crisis and how he was tackling the issues surrounding due diligence for his citizenship program - something that has made both the US and Canadian administrations increasingly uneasy. On the tourism front we planned to talk about his ambitious plans of increasing the tourism proposition of the country and the introduction of new rooms in an already highly undersubscribed sector. Unfortunately, even though the interview was arranged, it was cancelled at the last minute with little explanation and at every point we were denied access for over the 10 weeks we were there and the 4 weeks prior. We also struggled to find satisfactory answers through his aides and even though his very own High Commissioner to London had sent him a personal letter explaining the importance of the piece and to ensure absolute transparency, he still seemed to be unavailable to our continuous request. We had also approached his advisor Hon Minister Guy Joseph - (incidentally is being called into question over an "airport corruption investigation") in addition to the statutory body Invest St Lucia, who again would not answer questions on the record about issues that would raise concerns to genuine foreign investors. It was highly unfortunate however all was not doom and gloom as the private sector rallied together and we received tremendous support from key business owners and reputable agencies like TEPA.
Job Titles:
- Minister of Public Works a
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