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Manila Times Business

Parties seen as key to driving global governance, modernization

BEIJING, June 27, 2026 /PRNewswire/ -- This is a news report from China Daily: Tamara Duisenova, director of the Academy of Political Management of Kazakhstan and former Kazakh deputy prime minister, speaks on Friday in Beijing during the 2026 Think Tank Forum on National Governance in Developing Countries. When seeking economic growth and delivering benefits to the people, political parties in Global South countries should act based on their national conditions, chart suitable paths to achieve

Context & Analysis

The focus on tailored governance models for developing economies cuts to a core reality for Philippine businesses: policy consistency and institutional capacity are the true drivers of long-term investment. When political leadership changes, regulatory frameworks often face recalibration, which can delay projects, complicate compliance, and affect capital allocation. For owners and investors, economic modernization does not arrive through imported blueprints. It requires local institutions like the DTI, SEC, BSP, and CDA to align their rules with on-the-ground business realities while maintaining predictable oversight.

China’s convening of such dialogues signals a broader push to shape development narratives across the Global South. For Manila, this translates into more development financing options, deeper supply chain linkages, and alternative markets for Philippine exports. It also means navigating partnerships where governance standards, data regulations, and infrastructure procurement rules differ from Western frameworks. Businesses that understand these divergences can structure contracts, manage compliance, and diversify revenue streams more effectively.

The practical takeaway is to monitor how national policy priorities translate into sectoral reforms. Infrastructure modernization, digital economy regulations, and energy transition mandates will all depend on how well political leadership coordinates with technical agencies. Watch for updates on Ease of Doing Business reforms, the implementation of the CREATE Act, and any shifts in BSP monetary policy that respond to infrastructure spending cycles. Regulatory clarity in these areas will determine whether capital flows into productive assets or remains sidelined by uncertainty.

Governance modernization is not an abstract political exercise. It dictates the cost of compliance, the speed of permitting, the reliability of public contracts, and the stability of exchange rates that affect import-dependent manufacturers and export-oriented agribusiness alike. Philippine firms that build internal compliance capacity, track institutional reform timelines, and maintain flexible supply chains will turn policy continuity into competitive advantage.

Analysis by IJE Software — original commentary on the story above.

This is an excerpt. Read the full article at the original source:

Source: manilatimes.net

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