Philippines gets investment task force

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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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. 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....

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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