A HOUSE panel on Monday expressed alarm over the latest World Bank report saying that, a year and a half into the new administration, it had become harder and not easier to do business in the Philippines.
Bayan Muna Rep. Teddy Casiño, chairman of the House committee on small business and entrepreneurship development, cited the World Bank’s latest Doing Business Report showing the Philippines has slipped two notches in the rankings this year, and to 136th among 183 economies, in “ease of doing business.”
He said foreign investors were complaining about the difficulty of securing permits and paying taxes under the administration of President Benigno Aquino III.
Mr. Aquino promised to “level the playing field” in his inaugural address and said his administration would be investment-friendly.
But Casiño said the World Bank report revealed no significant improvement in seven important indicators: ease of starting a business, obtaining construction permits, getting credit, registering property, paying taxes, protecting investors, and resolving insolvency. It did not factor in corruption or security.
“If the foreigners who made up this survey are complaining, what more [of Filipino] entrepreneurs who have such a hard time doing business in their own country?” Casiño said.
As a result, his panel was now crafting laws that would make it easier for small businessmen to start a business. –Christine F. Herrera, Manila Standard Today
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against
Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
