Palace expects PH to further improve competitiveness ranking
MANILA, Philippines - Malacanang expects the Philippines to land in the Top 80 in the next year's Ease of Doing Business index.
Presidential Communications Operations Office Secretary Herminio Coloma Jr. said the government is doing its best to make doing business in the countries easier.
"Mainam na malaki ang pagtaas ng rating sa World Bank Doing Business index. Ang susunod na target ay isa pang mataas na pagtalon tungo sa double digit rating (sa loob ng top 80). Kailangang pahusyin pa sa aspeto ng pagpapadali ng pagtayo ng bagong negosyo," Coloma said.
The Philippines now ranks 108th out of 189 economies in the latest Ease of Doing Business report released by the World Bank and the International Finance Corporation.
Despite the jump, the Philippines is still in the bottom half of the global rankings.
Earlier, National Competitive Council co-chair Guillermo Luz said he expects similar gains for next year’s report, adding that the country aims to reach “double digit territory.”
“We haven’t done [the numbers], but the numbers are going to be aggressive and will be in the neighborhood of 25 to 30 jump, at least. And I would say that’s going to be the minimum jump that we should expect from the agencies, we need more as a country to make those respectable jumps,” said Luz. - With report from Willard Cheng, ABS-CBN News