October 27, 2016

PH rank goes up in ‘2017 Ease of Doing Business Report’

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  • PH rank goes up in ‘2017 Ease of Doing Business Report’
  • In a report published by The World Bank (WB), the Philippines placed 4 notches higher in its 2017 Ease of Doing Business Report by ranking 99th from its previous 103rd position out of 190 countries.

    doing-business

    Image grabbed from worldbank.org

    Based on the 10 indicators analyzed by the WB, the country performed well on four indicators including Protecting Minority Investors, Dealing with Construction Permits, Paying Taxes, and Enforcing Contracts.

    In a report published by the Manila Bulletin, the National Competitive Council said that “among the reforms introduced this year in the Philippines were the extent of corporate transparency index, increasing the transparency of building regulations, and the introduction of an online system for filing and paying health contributions.”

    The Doing Business project provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the sub national and regional level.

    View the Ease of Doing Business in the Philippines Report via doingbusiness.org.

     

    Source: doingbusiness.org, worldbank.org, Manila Bulletin

               
               
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