Philippines eyes better ease of doing business ranking

18-Apr-2019 Intellasia | Rappler | 6:38 AM Print This Post

The Philippines is pushing for more regulatory reforms in a bid to improve in the World Bank’s Ease of Doing Business rankings, according to the Department of Trade and Industry (DTI).

Trade Secretary Ramon Lopez told reporters on Tuesday, April 16, that they have already accomplished 33 out of 43 planned reforms to streamline business regulations in the country.

“We have submitted this to the World Bank so that hopefully it will be given credit and our ranking will improve in the Ease of Doing Business report coming out this year,” he added in a mix of English and Filipino.

With the World Bank already conducting the survey, Lopez said they are confident that over 20 reforms will be credited. The added reforms could bump up the country’s ranking above 95th, which would be its highest so far.

“I would say 90 to 94 would be a good number [for our next rank]…. 89 to 94 ‘yung range kung ma-credit ang lahat ng gusto nating ma-credit (would be the range if everything we want credited will be credited),” he said.


Category: Philippines

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