Government boasts of higher ranking in global economic index

January 16, 2012

THE Palace on Saturday expressed elation over the Philippines’ increased ranking in the 2012 World Economic Freedom Index, adding it has further deepened its resolve to address the concerns raised in the third-party assessment.
The 2012 Index of World Economic Freedom, published by The Wall Street Journal and think-tank group The Heritage Foundation, raised concerns about the Philippines’ “corruption” and “inefficient judiciary.”
With an overall score of 57.1, the Philippines ranked 107th out of the 179 countries rated – an improvement from last year’s 115th spot. The report cited “a significant improvement in business freedom.” It ranked the Philippines 19th out of the 41 countries in the Asia–Pacific region.
“It’s because of economic expansion and the government’s commitment to pursue legislative reforms to enhance the business environment,” deputy presidential spokesperson Abigail Valte said Saturday.
“An assessment from the third party notes that our regulatory efficiency has been notably enhanced. This is what President Aquino has been saying, that we are really after efficiency of government,” she added.
The higher economic freedom ranking comes days after former President Gloria Macapagal-Arroyo released an economic essay criticizing Aquino’s administration and its capability to improve the economy.
The essay entitled “It’s the economy, student!” – which referred to Aquino, a former economics student of Arroyo – said that the former has failed to improve on the gains of his predecessor’s nine-year administration.
In the Index of World Economic Freedom report, it was stated that the Philippine economy has expanded at an average annual rate of close to 5 percent over the past five years.
“At least, these are third party assessments which have no axes to grind against the present administration… This is not from a personality na may interest,” Valte noted.
“There are lingering institutional challenges that will require deeper commitment to reform. Despite some progress, corruption continues to undermine prospects for long-term economic development. The inefficient judiciary, which remains susceptible to political interference, does not provide effective protection for property rights or strong and transparent enforcement of the law,” the report added.
Valte said that for its part, the Aquino government will continue to fight corruption. The challenge, however, remains for the Judiciary on the dispensation of justice, she added.
The Index of World Economic Freedom ranked Hong Kong’s economy as the freest with 89.9 points. Singapore followed Hong Kong with 87.5. Other countries who figured in the top 10 are Australia (83.1), New Zealand (82.1), Switzerland (81.1), Canada (79.9), Chile (78.3), Mauritius (77), Ireland (76.9), and the United States (76.3).
Countries are rated in 10 categories such as property rights, freedom from corruption, government spending, fiscal freedom, business freedom, labor freedom, monetary freedom, trade freedom, investment freedom, and financial freedom. (Kathrina Alvarez/Sunnex)
http://www.sunstar.com.ph/manila/local-news/2012/01/15/government-boasts-higher-ranking-global-economic-index-200671

The wines of Yats Wine Cellars are designed for the matured wine lovers looking for wines that are interesting, not necessarily impressive, and at a fair price that is usually below those of a comparable big names, and from a matured vintage from 20 years or older. There are over 2000 selections of wine at Yats that fit that description.

If Philippines is part of an upcoming travel and holiday plan, wine lovers might want to visit Clark Freeport Zone just 70 minutes from Manila. This bustling new city that is slated to replace Manila as the new capital of the Philippines has the largest wine shop called Clark Wine Center. Vintages span over a century and the selection of old- and new-world wines covers all major wine regions are all available at this top-rated wine shop near Manila. Pampanga Philippines is a fast growing province. Growth in major cities such as San Fernando, Angeles City and Clark Freeport Zone has given rise to a strong demand for luxury goods, upscale dining and quality living. Absence of a good wine shop for fine vintage wine has caused considerable inconvenience to the affluent community which is forced to drive down to Manila to purchase their wines.

Yats Wine Cellars is generally regarded by Asian and Philippines wine lovers as the best wine supplier in the Philippines. This Wine Shop in Clark Philippines releases very rare wines for wine lovers in Asia.

Wine lovers from Japan, Korea, Hong Kong, Thailand and Indonesia travel to Philippines Clark Freeport to purchase these limited rare bottles of fine vintage wine.

Things to do in Clark Pampanga: do a little wine shopping at the famous wine shop outside of Manila called Clark Wine Center. Residents of Angeles City and Clark Philippines have discovered that one of the favorite places to visit in Pampanga Clark Freeport is the white building along M A Roxas highway of Clark which houses over 2000 selections of fine vintage wines. The Clark Wine Center is one of the places to visit, a tourist spot and a good shopping place for those staying in Angeles City, Subic or Clark Pampanga.

Leading Philippines wine supplier known for its line of fine vintage wines, Yats Wine Cellars was established in 2000 to address the requirement of a growing population of wine enthusiasts in the Philippines. Yats Wine Cellars caters to the discerning client who requires these qualities in their wines: (1) excellent value, (2) large selection of labels and vintages to choose from and (3) wines properly aged for full enjoyment.

http://www.ClarkWineCenter.com

Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila
Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.

Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.

Click here to contact Clark Wine Center in Clark Pampanga for inquiries and orders.

Clark Wine Center
Bldg 6460 Clark Observatory Building
Manuel A. Roxas Highway corner A Bonifacio Ave,
Angeles Clark Freeport Zone, Pampanga 2023
0922-870-5173 0917-826-8790 (ask for Ana Fe)

Wine@Yats-International.com

YATS Wine Cellars
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 ask for Rea or Chay

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. Highly recommended fine dining restaurant in Manila for special occasion is Yats Restaurant & Wine Lounge located in the famous Mimosa Leisure Estate in Clark Pampanga. Situated near this popular restaurant in Clark is the Mimosa Golf Course as well as the Mimosa Clark Casino. This top rated restaurant near Angeles City Pampanga in Clark Philippines is frequently used for private parties and corporate functions such as board meetings and other gatherings. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

Besides good restaurants to wine and dine near Manila, Subic or in Angeles City Pampanga, Clark Philippines, those requiring assistance for hotel and resort bookings in Clark, Pampanga, Philippines may log on to http://www.HotelClarkPhilippines.com for more information and reservations.

The lifestyle in Clark Pampanga is quite unique. For more information about shopping, sports, golf, leisure, hotel accommodation, where to see and visit, what to do, where to wine and dine and good places to hang out, relax, have a drink with friends, child-friendly establishments, log on to
http://www.ClarkPhilippines.com

Wine lovers looking for a special bottle or something that is of great value and special discounts might log on to this web site to shop for fine vintage wines
http://www.YatsWineCellars.com

Those visitors who plan to relax and unwind in Angeles City, Subic, Pampanga, Clark Philippines might make an effort to book a room at the famous beach and lake resort Clearwater Resort & Country Club. This famous hotel in Clark Pampanga is frequently visited by families with children looking for a good place in Clark to see, a good holiday destination for the family to relax and unwind in the beautiful outdoor facilities. For more information, log on to www.ClearwaterPhilippines.com