Jump to content
Sign in to follow this  
drbubb

Philippines Global Rankings - Are Often Disappointing

Recommended Posts

Philippines Global Rankings - Are Often Disappointing

 

The Philippine government rejects the findings, as Philippine finance and trade officials urge the World Bank to correct the 'inaccurate and understated findings'

MANILA, Philippines – The Philippines slid 11 notches in the World Bank's 2019 Ease of Doing Business report.

The report said the Philippines placed 124th out of 190 economies, largely due to higher business registration costs and the lag in inspecting imported goods.

The Philippines ranked poorly in getting credit (184th), starting a business (166th), enforcing contracts (151st) and trading across borders (104th). (ANALYSIS: The real score on foreign direct investments)

While the country’s overall score improved to 57.68 in 2019 from 56.32 in 2018, other economies have improved as well and outpaced the Philippines.

Read More

 

Share this post


Link to post
Share on other sites

screen-shot-2018-11-02-at-12.43.42-pm.pn

The World Bank noted that the Philippines was able to strengthen the protection for minority investors in major corporations and clarified ownership and control structures. Moreover, the tax registration and business licensing processes were simplified.

(READ: Duterte signs Ease of Doing Business Act)

Share this post


Link to post
Share on other sites

THIS was interesting...

 

Share this post


Link to post
Share on other sites
Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×