Business group: BSP top-performing gov’t agency, Senate the worst

Categories: Business Updates

Date Posted: 11 Aug 2014

Executives from the country’s most influential business group rated the country’s central bank as the best-performing government agency.

In a survey released on Monday, The Makati Business Club (MBC) graded the Bangko Sentral ng Pilipinas (BSP) as the most efficient government agency with a 95.4 net satisfaction rating from senior business executives.

The results of the Second Semester 2014 MBC Executive Outlook Survey, which was conducted from July 1-25, reflected that the BSP received the highest satisfaction rating while the Senate of the Philippines received the lowest.

In a similar survey in 2012, the MBC also judged the BSP as the most efficient government agency.

MBC Executive Director Peter Perfecto said that BSP received the highest marks because of “its role in helping maintain macroeconomic and financial stability in the business environment that supports sustained growth necessary for inclusive development.”

BSP, Department of Tourism, Philippine Economic Zone Authority, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa), Securities and Exchange Commission, Department of Foreign Affairs, Department of Health, Office of the Presidential Adviser on the Peace Process (OPAPP), Department of Finance, and the Philippine Statistics Authority (PSA) belong to the roster of the top 10 best performing agencies.

MBC recognized the performance of Pagasa because it has provided accurate weather forecasts. The efforts of OPAPP and PSA were also lauded due to the successful signing of the Comprehensive Agreement on the Bangsamoro Framework and the implementation of an efficient statistical system in the country.

Meanwhile, the Senate of the Philippines was tagged as the “worst-performing agency” having the lowest satisfaction rating from business executives of -67.7. The House of Representatives has the second-lowest score of -66.1. Both government bodies are rocked the pork barrel scam controversy.

Other agencies which belong to the “worst performing” government offices include: Department of Agriculture, Office of the Presidential Adviser for Rehabilitation and Recovery, Lower Court System, Philippine National Police, Department of Transportation and Communications, Bureau of Customs, Department of Energy, and the Commission on Appointments.

The survey covered 62 government agencies and was answered by 65 senior business executives, comprising 8.8 percent of 736 individual MBC members.
Written by: Aries Joseph Hegina


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