Good morning, Rappler readers!
The Philippines suffers its largest year-on-year decline in competitiveness over the last decade and the sharpest drop among peers in Asia Pacific. It ranks 50th out of 63 economies in this year’s World Competitiveness Yearbook (WCY) rankings of the International Institute of Management Development.
The country dropped ranks in all the 4 pillars measured by the WCY: economic performance, government efficiency, business efficiency, and infrastructure. The biggest fall was in economic performance, which plunged to 50th from last year’s 26th spot.
Here are the big stories you shouldn’t miss
Trump says Kim summit could be delayed
United States President Donald Trump informed Kim Jong Un Thursday, May 24, he was canceling their nuclear summit next month in Singapore, blaming "anger" and "hostility" from the North Korean regime for the spectacular collapse of the historic event.
Philippines slips 9 notches in competitiveness ranking
The Philippines ranked 50th out of 63 countries in the 2018 World Competitiveness Yearbook– the worst decline among peers in the Asia-Pacific region.
PCG officers suspended over funds misuse promoted by Duterte
Rear Admiral Athelo Ybañez and Commodore Teotimo Borja Jr are suspended by Ombudsman Conchita Carpio Morales over allegations of misusing P27 million, but they are promoted to higher ranks.
Filipinos to have national IDs soon after bill hurdles Congress bicam
The proposed national ID system is expected to streamline the delivery of government services and reduce fraudulent transactions.
DENR backtracks on special permits for protected areas
DENR Mimaropa Regional Director Natividad Bernardino says Environment Secretary Roy Cimatu "has ordered to put on hold the memorandum he signed concerning the SAPA suspension lifting."
How much are the fares of new ride-hailing apps?
Aside from Grab and U-Hop, Filipino commuters can now choose from MiCab, HirNa, Owto, Hype, and Go Lag.
[OPINION] How Duterte endangers your retirement
All in all, the yawning gaps of the country’s social pension system require bold, comprehensive, and forward-thinking solutions like universal social pension – not simplistic, superficial, and short-sighted ones like Duterte’s pension hike