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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
