For 2nd year, Philippines slips in World Bank list of business-friendly locations!
Wake up our politicos... Reforms Pls!
(Image from Philippine classified ads blog)
My comments:
It is high time our Philippine government leaders shift focus from the laudable anti-corruption crusade and include more bold investor-friendly reforms to boost business confidence.
True, the Philippine economy is on the upswing, but decisive and systemic reforms are needed beyond the personal righteousness and idealism of the top leader Philippine President Noynoy C. Aquino.
Let us make the Philippines a more business- and investor-friendly as well as efficient economy?
I'm sharing this news report from TV5:
MANILA - The Philippines slipped two notches in an annual World Bank survey on business-friendly locations worldwide.
In its 2013 Ease of Doing Business report, the World Bank said the Philippines' ranking dropped to 138 from last year's 136. This was the country's second consecutive drop after landing on the 134th place in the 2011 report.
The Ease of Doing Business ranks locations in terms of how easy it is for businesses to start up, operate, expand and close shop.
According to the World Bank, the Philippines made progress only in terms of putting in place a new law on corporate insolvency. Apart from that, the country undertook no other reform in the area of improving the environment for doing business.
No comments:
Post a Comment