AmCham: PH deserves improved competitiveness ranking
MANILA, Philippines - The American Chamber of Commerce said the Philippines deserves the improved competitiveness ranking released Tuesday by the World Bank.
The World Bank's latest scorecard showed the country jumping 30 notches to 198th from 138th last year, owing to easier tax payments and access to credit.
Competitiveness czar Guillermo Luz said the next goal is to cut the time it takes for businesses to start up to just three steps in one day. It's currently at 16 steps in 36 days.
John Forbes, American Chamber of Commerce - Philippines senior adviser, said this can be done.
"I think it's part of the whole effort of the administration to become more competitive. Much more has been done before the whole country begins to think in terms of competitiveness. But this has been a lagging indicator. You saw the results in the Global Competitiveness report, going up 26 spaces over three years which are quite remarkable," Forbes told ANC.
Mornings@ANC, October 30, 2013