THE PHILIPPINES has been ranked 87th among 141 nations in terms of being the best for business, a development officials said reflected rising investor confidence.
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The country’s Forbes ranking was unchanged from 2011 but this year the magazine expanded its listing from 134 economies.
Forbes said its ranking was “based on property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance.”
The Philippines came ahead of China, which was 96th. Neighboring Singapore, however, was the highest-ranking Asian economy in fourth, while Malaysia (31st), Thailand (67th) and Indonesia (76th) also placed higher.
The Philippines saw a huge jump in terms of stock market performance, rocketing to 4th from 15th last year. It saw slight improvements in monetary freedom (61st from 62nd), innovation (62nd from 69th) and investor protection (105th from 108th).
In terms of property rights and technology the country’s ranking was unchanged at 84th and 77th, respectively.
Declines, meanwhile, were recorded in terms of trade freedom (86th from 79th), corruption (112th from 110th), red tape (128th from 123rd) and tax burden (110th from 89th).
“The confidence in the Philippines is really high now … It’s also about time reforms in the government have an effect and it is possible that in 2013 we could rank higher,” Philippine Chamber of Commerce and Industry Secretary-General Crisanto S. Frianeza yesterday said.
Trade Undersecretary Cristino L. Panlilio, meanwhile, said the Forbes listing “is a positive indicator and will embellish our overall country branding as an investment location.”
Topping this year’s list was New Zealand, followed by Denmark, Hong Kong, Singapore, and Canada.
The lowest ranked country was Guinea. — Emilia Narni J. David, BUsinessworld
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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