Doing Busines Report 2017 Increases the Philippines Ranking Under the Duterte Administration


The Philippines is now doing well in the international community particularly in the business world, under President Rody Duterte the Philippines has increased its ranking in the Doing Business Report 2017 by four notches to rank 99 from the previous rank of 103 last year during the administration of Pres. Aquino.


According to the World Bank-International Finance Corporation based in Washington released the report of the rankings on Tuesday afternoon (US Time) or Wednesday midnight in Manila, Philippines.

The Doing Business Report measures ease of doing business in an economy in areas such as starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.

World Bank's reports in the improvements in ranking is attributed to four gains out of the ten indicators. The Philippines gained in terms of protecting minority investors, up by 18 notches to rank 137 from rank 155; dealing with construction permits, up by 14 notches to 85th place from 99th place; paying taxes, up by 11 notches to 115th from 126th; and enforcing contracts, up by four notches to 136th from 140th.

The Philippines also ranked higher in terms of getting electricity based upon the results released by the World Bank on their official website.

Doing Busines Report 2017 Increases the Philippines Ranking Under the Duterte Administration Doing Busines Report 2017 Increases the Philippines Ranking Under the Duterte Administration Reviewed by Phil Newsome on 10/26/2016 Rating: 5

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