Bagsak! PH scores 57.68/100 in int'l survey due to poor quality of business regulation, slow bureaucracy

 The Philippines ranked lower in the World Bank’s Ease of Doing Business Report 2019, placing 124th out of 190 countries from 113th previously, largely due to higher business registration costs and increased time for imports inspection.

The international finance institution’s report released Wednesday night actually showed the country’s overall ease of doing business score improving to 57.68 this year from 56.32 last year as several reforms were introduced.

SOURCE: Philippines ranking falls in Ease of Doing Business. Czeriza Valencia (The Philippine Star) - November 2, 2018 - 12:00am. Read more at https://www.philstar.com/business/2018/11/02/1865082/philippines-ranking-falls-ease-doing-business#WlI00mjjq6GdfYsT.99
SOURCE: Pinas, bagsak sa ika-124 na puwesto sa ‘ease of doing business’. ABS-CBN News. Posted at Nov 02 2018 02:41 AM. https://news.abs-cbn.com/video/business/11/02/18/pinas-bagsak-sa-ika-124-na-puwesto-sa-ease-of-doing-business

The ease of doing business index is an index created by Simeon Djankov at the World Bank Group. The academic research for the report was done jointly with professors Oliver Hart and Andrei Shleifer. Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Empirical research funded by the World Bank to justify their work show that the economic growth impact of improving these regulations is strong.

SOURCE: Ease of doing business index. From Wikipedia, the free encyclopedia. https://en.wikipedia.org/wiki/Ease_of_doing_business_index

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