Philippines gets investment task force

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makatiPhilippine President Benigno Aquino III has created an inter-agency task force that will help investors do business in the country, the government in Manila announced on May 21.

The Task Force on Ease of Doing Business (EODB Task Force) aims to improve the country’s global ranking in business competitiveness and will be headed by the Secretary of the Department of Trade and Industry.

The Philippines currently ranks a comparably poor 138th out of 185 countries in the world, and is 8th out of the 10-member Association of Southeast Asian Nations (ASEAN) in the Doing Business Survey of the World Bank.

According to the World Bank, the country’s poor ranking is due to the difficulties that local entrepreneurs have to go through in order to set up and maintain their businesses.

The business survey measures and tracks business regulations across 10 indicators, namely: starting businesses, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.

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Reading Time: 1 minute

Philippine President Benigno Aquino III has created an inter-agency task force that will help investors do business in the country, the government in Manila announced on May 21.

Reading Time: 1 minute

makatiPhilippine President Benigno Aquino III has created an inter-agency task force that will help investors do business in the country, the government in Manila announced on May 21.

The Task Force on Ease of Doing Business (EODB Task Force) aims to improve the country’s global ranking in business competitiveness and will be headed by the Secretary of the Department of Trade and Industry.

The Philippines currently ranks a comparably poor 138th out of 185 countries in the world, and is 8th out of the 10-member Association of Southeast Asian Nations (ASEAN) in the Doing Business Survey of the World Bank.

According to the World Bank, the country’s poor ranking is due to the difficulties that local entrepreneurs have to go through in order to set up and maintain their businesses.

The business survey measures and tracks business regulations across 10 indicators, namely: starting businesses, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.

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