In the World Bank Group’s Doing Business 2018 report, the Philippines’ ranking plunged 14 notches to 113th from the previous 99th spot across 190 economies. “The ranking will be secondary because the bottomline, ‘yung score kasi reflects the ease of doing business na ini-implement natin,” he added. “Improving ease of doing business in the Philippines is an endeavor that involves the Executive, Legislative, and Judicial branches of government. Globally, New Zealand topped the Doing Business 2018 report, followed by Singapore, Denmark, Korea and Hong Kong. The Doing Business report is an annual publication of the World Bank, which reviews regulations that enhance or constrain business activity.

Source: Philippine Star November 02, 2017 10:18 UTC