The Philippines slid to 113th in the World Bank’s 2018 ranking of 190 economies in terms of ease of doing business from 99th place in the previous report, mainly because of the change in methodologies. “This rank is not comparable to the one published in the Doing Business 2017 report, because of methodology refinements,” the World Bank said. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Marking its 15th anniversary, the report notes that 3,188 business reforms have been carried out since it began monitoring the ease of doing business for domestic small and medium enterprises around the world. Fair, efficient and transparent rules, which Doing Business promotes, improve governance and tackle corruption,” said World Bank chief executive Kristalina Georgieva.

Source: The Standard November 01, 2017 12:11 UTC