CONTRIBUTED PhotoThe Anti-Red Tape Authority (ARTA) is planning to undertake a local doing business ranking in the country following the World Bank's announcement that it will hold the Ease of Doing Business report due to alleged irregularities. "Parts of our plans will be looking into a possible localized doing business ranking for our cities and municipalities to nurture healthy competition and recognize good initiatives of local government units. The World Bank's Doing Business project provides measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level. In a statement issues last September 16, the World Bank Group said it will discontinue the Doing Business report "after reviewing all the information available to date on doing business, including the findings of past reviews, audits." The Philippines ranked 95th out of 190 economies in the 2020 Doing Business Report, up by 29 notches from the 124th spot in the previous ranking.

Source: Manila Times September 19, 2021 14:48 UTC