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
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.
