Patrick Cooke: ALL BLOG POSTS
The Philippines continues to exceed expectations by solidifying its position as a strong emerging market with a promising outlook for 2017 – a forecast reflected by the overwhelmingly positive sentiment of C-suite executives polled in Oxford Business Group’s OBG Business Barometer: Philippines CEO Survey. Despite some concerns over bureaucracy and the availability of leadership skills, private sector- driven growth and a high level of planned investment bode well for the country’s business climate in the near term.
The results of the first survey conducted by Oxford Business Group (OBG) on the practical implications of Thailand’s Sufficiency Economy Philosophy (SEP) – which places sustainability at the core of its thinking, advancing a different approach from that of short-term, shareholder value-centred ideas of economic development – reveal a great deal of interest from both local and international companies in applying the philosophy’s principles to their day to day business.
Thai businesses operating across all economic sectors have conveyed a consensus that adopting principles originating from the Sufficiency Economy Philosophy (SEP) of His Majesty King Bhumibol Adulyadej in their everyday business activity correlates strongly with long-term growth benefits. The adoption of such principles highlights the importance of practising moderation with regard to business growth, reasonableness with regard to decision-making and investment, and prudence with regard to instilling risk management to prepare for economic shocks.