Following the Philippines' one-notch drop in the Global Innovation Index (GII) 2021, the Intellectual Property…
Innovation is now a new pillar in the PH competitiveness index.
The National Competitiveness Council (NCC) is adding a new pillar to the Cities and Municipalities Competitiveness Index (CMCI) for next year, according to Secretary of Trade and Industry Ramon Lopez.
The innovation pillar was added this year by the Council and will be included as the fifth pillar in the scoring and ranking for next year’s CMCI, according to Lopez.
“We recognize the necessity of innovation now more than ever.” They’ve played an important part in keeping civilizations running during quarantines and lockdowns. “We’ll need the same technologies to restart the economy and prepare for the post-crisis future,” he said on Tuesday.
The Competitiveness of Local Government Units Index (CMCI) is an annual rating of towns and municipalities across the country that assesses their economic dynamism, government efficiency, infrastructure, and resiliency.
“We emphasize the importance of the innovation pillar because LGUs (local government units) are beginning to focus now on strengthening their own innovation policies and programs and finding ways to use new technologies to address issues such as business registrations, permits, productivity, and financial deepening,” Lopez said.
The DTI director went on to say that innovation would aid local governments in growing their economies.
Lopez emphasized President Rodrigo Duterte’s message on innovation as the country’s growth driver in the next years during the Inclusive Innovation Conference 2021 on Wednesday.
“‘Innovation is our great drive,’ President Rodrigo Roa Duterte remarked earlier this year. This will ensure that our country continues to grow for decades to come.’ “he stated
According to data from the Anti-Red Tape Authority, 917 out of 1,600 LGUs were using the Department of Information and Communications Technology’s Integrated Business Permits and Licensing System (IBPLS) software as of September 30 this year.
The IBPLS intends to assist local governments in automating their permits and licensing systems to make doing business with the government easier.
“Let us all continue to foster innovation to promote excellence and competition,” Lopez remarked.