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According to a new report released by The World Bank and the International Finance Corporation (IFC) entitled ‘Doing Business 2011’, Iceland currently ranks in 15th place for the easiest economy to do business in.
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File photo MANILA - Despite the World Bank announcement on the discontinuation of its Doing Business Report, the Philippines will pursue reforms in ease of doing business. The Anti-Red Tape Authority (ARTA) said the country will now have a "localized version of the Doing Business Report" of the World Bank by launching the Philippine Ease of Doing Business (EODB) Reporting System. "We believe that what the World Bank has been doing is good for the country's competitiveness ranking," ARTA deputy director general Ernesto Perez said during the EODB Summit in Quezon City Thu...
The World Bank Group has announced that it will discontinue the 'Doing ...
ARTA ARTA Director-General Jeremiah Belgica made the statement after the World Bank reported in its Doing Business (DB) Report revealed that the Philippines ranked 95th out of 190 economies with a score of 62.8 in 2020, jumping 29 notches from no. 124 with a 57.68 score in 2019. The World Bank rates a country’s Ease of Doing Business (EODB) performance based on 10 indicators that represent the life cycle of a business namely Starting a Business, Dealing with Construction Permits, Getting Electricity, Registering Property, Getting Credit, Protecting Minority Investors, Paying Taxes, Trading ...