OPINION | Some leadership gaps and uncertainties By Romeo L. Bernardo READ:
By Romeo L. BernardoI am pleased to share with readers the political section of our latest quarterly outlook report for Globalsource Partners , a subscriber-based network of independent analysts in emerging market countries, with headquarters in New York. Christine Tang and I are their Philippine Advisers.
But while good results go with good leadership, the reverse appears true as well. Regrettably, soaring food prices has put the limelight on the President’s turf, the Agriculture department. Early hopes that he would use his abundant political capital to hold sway over competing entrenched interests in the sector and exert a positive inuence on bureaucratic inertia have faded away.
Adding to the uncertainty in the business environment is a widely publicized rumor suggesting that the economic team, especially the finance secretary, has lost the confidence of the President. The rumor, possibly orchestrated, followed the sudden appointment of a new chief in the powerful internal revenue bureau, Romeo Lumagui, Jr., a close family associate of the President. Mr. Lumagui replaced Secretary Diokno’s choice, Lilia Guillermo, after less than five months on the job. Ms.
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