Atty. Benedicta Du-Baladad, the Founding Partner and CEO of BDB Law, moderated an economic briefing ‘Navigating the Philippine Economic Horizon’ with esteemed panelists: Dr. Cielito F. Habito, Professor of Economics of Ateneo de Manila University, Dr. Jesus Estanislao, Founder and Chairman Emeritus Institute of Corporate Directors, and Francis G. Estrada, Former Chairman Institute of Corporate Directors.

The discourse started with a briefing of where we are today, using the ‘Pitik test’ (Presyo, Trabaho, Kita) of Dr. Habito, and then elevated the discussion by identifying the ills and the hindrances that keep the needle stagnant. It ended with, what can we do, how can we in the private sector help.

The importance of recognizing the interconnected nature of challenges and the essentials of a healthy and skilled workforce were highlighted. This entails addressing issues such as malnutrition and stunting, not just through feeding programs but also addressing food security, making nutritious food affordable and accessible. The shared prosperity principle should guide businessmen, promoting inclusive practices that contribute to the overall well-being of society.

To move the needle, it's essential to break away from conventional approaches that yield stagnant results. Embracing a focus on environmental, social, and governance (ESG) considerations becomes pivotal in fostering sustainability and ethical practices.

This event was organized by Institute of Corporate Directors (ICD) and hosted by Atty. Maria Francesca M. Del Rosario, Undersecretary of Department of Budget and Management.