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.
ANALYSIS: “Does business drive IT, or is it the other way around?”Business sentiment upEase restrictions, gov’t urgedCebu firms urged to finance surveys vs corruptionBusiness groups air concern over conflicting oil depot policy
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
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
