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Kick start your day, July 14: Duterte starts presidency with excellent trust rating

Filipinos have “excellent” trust on President Rodrigo Duterte, as the latest SWS survey showed from its poll in June.
By Entrepreneur Staff |

 

 

TRUSTED. President Rodrigo Duterte received an "excellent" trust rating according to the latest Social Weather Stations Survey. Photo from PCOO 

 

 

 

Filipinos have “excellent” trust on President Rodrigo Duterte, as the latest Social Weather Stations survey showed from its poll in June.

 

Related: Duterte’s economic team adjusts 2016, 2017 GDP growth forecast


The survey, released on Wednesday, July 13 by BusinessWorld, showed that 84% of the respondents had “much trust”; 11% were undecided; and 5% had “little trust.”

 

This gave Duterte a net trust rating of +79, comparable to the first assessment on former President Benigno Aquino III when he assumed into office where he got +83.

 

Related: Duterte buckles down to work as 16th PH president


The SWS ratings has the following corresponding assessment: +70 as “excellent”; +50 to +69 as “very “good”; +30 to +49 as “good”; +10 to +29 as “moderate”; +9 to -9 as “neutral”; -10 to -29 as “poor”; -30 to -49 as “bad”; -50 to -69 as “very bad”; and -70 and below as “execrable.”

 

Related: Duterte admin vows sharp drop in poverty rate by 2022


Unsurprisingly, Duterte received the highest rating from those in Mindanao where he got +90, followed by Metro Manila residents’ rating of +78, while those from balance Luzon and Visayas gave +75 and +74 respectively.

 

The survey was taken from June 24 to 27 using face-to-face interviews among 1,200 adult respondents nationwide.

 

 

PH businesses optimistic amid volatile world market – report

Businesses in the Philippines are the most optimistic in the Asia Pacific region as it posted 94% for the second quarter, the latest Grant Thornton International Business Report revealed.

 

Amid the volatile world market, 15% of the businesses surveyed in the region expect exports to increase in the coming quarter, a sharp contrast to its neighboring countries’ assessment with Malaysia’s outlook dropping to 6% from 36% for example.

 

While the survey was done before United Kingdom’s historical departure from the European Union, Marivic Españo, chairperson and CEO of P&A Grant Thornton believes this may not have direct impact to markets, however, economies need to remain vigilant.

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Related: PH BPO industry to benefit from Brexit

 

“When thinking about the threats and opportunities that Brexit could create, and planning how to create and protect value, it may be worth considering any short, medium, and long term implications. This will also help guard against unexpected shocks which could derail long-term growth prospects,” Españo said.

 

Two thousand and five hundred companies in 36 economies were surveyed for the report.

 

 

Home Credit Philippines appoints new CEO

Global consumer finance company Home Credit Philippines appointed a new chief executive as it gears to almost double its consumer base.

 

“With a 100-million strong population, the Philippine market has huge potential, and that is why we are rapidly increasing our presence outside the metro,” new CEO Annica Witschard said in a statement.

 

The multinational company aims to reach 500,000-consumer mark by end-2016.

 

The company provides loans to consumers who wish to purchase gadgets and appliances through its partner merchants. The service is currently available in Metro Manila and 12 other provinces. It has 280,000 customers, more than half of which acquired in the last nine months.

 

Home Credit Philippines set up shop in the country in 2013. – Elyssa Christine Lopez

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