PH improves in World Bank's 'Doing Business Report 2020' | Inquirer Business

PH improves in World Bank’s ‘Doing Business Report 2020’

/ 10:27 AM October 24, 2019

MANILA, Philippines–The Philippines jumped 29 notches in the World Bank’s yearly Doing Business Report, ranking 95th in the 2020 edition from 124th previously.

The report, which was released on Thursday and which covers data from 2018-2019, found that the Philippines improved in three areas —  starting a business; dealing with construction permits; and protecting minority investors.


The Philippines is among 42 economies that made it easier to do business in terms of at least three out of the 10 areas or criteria used in the report.

According to the Department of Trade and Industry, the Philippines updated the World Bank on 53 reforms and data corrections related to the annual report. /jpv


Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, Doing Business Report, local news, Philippine news update, World Bank
For feedback, complaints, or inquiries, contact us.

Curated business news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.

© Copyright 1997-2021 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.