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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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