MANILA – The National Competitiveness Council (NCC) today said the Philippines could join the top 30 business-friendly locations in this year’s edition of the World Bank’s annual Ease of Doing Business survey should the country implement reforms in four key areas.
“The competition never sleeps. Speed to reform should be our mantra. We can’t say we are in progress. Government should understand that markets look for speed to reform,” NCC co-chair Guillermo Luz said during the Ease of Doing Business Summit.
In last year’s survey, the Philippines climbed to 108th spot from the previous year’s 138th, and was one of 10 markets that registered the biggest improvement.
Luz said the Philippines could catapult to the 29th place this year should reforms be completed in the following areas:
Starting a business
– Reduce number of days and steps to securing permits from the Bureau of Internal Revenue (BIR), local government units (LGUs), Philippine HEalth Insurance Corp (PhilHealth), Securities and Exchange Commission (SEC) and Social Security System (SSS).
– Establish online business registration
Registering property
– Reduce number of days and steps in registering property
– Cut cost of requirements
Getting credit
– Greater transparency in credit data
– Review collateral and bankruptcy laws
Protecting investors
– Review of Corporation Code of the Philippines.
International Finance Corp (IFC) Philippine representative Jesse Ang said the country should work on attracting more investments to create more jobs. IFC is the private-sector lending arm of the World Bank.
“We want more people to have jobs. One of our biggest challenges is creation of jobs,” he said. –Chelsea Cruz, InterAksyon.com
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
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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