The first Doing Business report, published incovered five indicator sets and economies.
Trading across borders was one of the indicators where the country saw a slip, to th from 99th.
The Washington-based lender's latest report, "Doing Business Training for Reform," showed that while the Philippines' score increased 1.
This is the second year in a row that the country's rank dropped after it fell 14 places in the report. The annual report measures regulatory quality and efficiency based on 10 indicators applied to regulations concerning ease of doing business report indicator business in the life cycle of a business.
These pillars are starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. Under the trading across borders indicator, the report noted "The Philippines made trading across borders more difficult by increasing the number of inspections for importing, thereby increasing the average time for border compliance.
Documentary compliance for imports remains at 96 hours. For exports, the time it takes for documentary compliance improved to 36 hours from 72 hours in the report. Costs, meanwhile, remained the same. Improved ranking The country improved in ranking for five of the 10 pillars, namely, starting a business rd from thdealing with construction permits 94th from stgetting electricity 29th from 31stprotecting minority investors nd from thand paying taxes 94th from th.
It declined on registering property th from thgetting credit th from ndtrading across borders th from 99thenforcing contracts st from thand resolving insolvency 63rd from 59th.
In terms of scores, the Philippines showed increases in seven out of 10 indicators, namely, starting a business, dealing with construction permits, getting electricity, registering property, protecting minority investors, paying taxes, and protecting minority investors.
Meanwhile, it retained its previous scores in enforcing contracts and resolving insolvency, and dropped its score in getting credit.
Doing Business captured a record regulatory reforms between June 2, and May 1, Worldwide, economies introduced substantial regulatory improvements, making it easier to do business in all areas measured by Doing Business.
No one questions that these things are important any more, such as the need for a simple process to start a business. In a joint statement, DOF and DTI said the drop in getting credit was "because of the failure of the World Bank's survey team to gather the correct information on the country's credit information database.
MIDASto name a few. The major credit bureaus with high coverage were included in previous year's survey," they further said.
Both departments said that, moving forward, for the Doing Business report, the strategy will be two pronged: The DTI and DOF said they will launch, in coordination with other agencies concerned, an aggressive communication campaign in the next three months so that the planned regulatory reforms the agencies have started to implement will be credited in the Doing Business report cycle.
· India improved its position from last year’s to in the World Bank Doing Business ranking, which was released on Tuesday. Last year’s report ranked India at , but this year’s metin2sell.com › News › National.
Publication of doing business report has been accepted as a best indicator worldwide by rendering rankings among countries on the easiest and difficult places to do business. Useful and important case studies covered in the report truly reflect the business climate among various world countries.
· final rank (Ease of Doing Business). Each indicator, in its turn, is composed of sub- Each indicator, in its turn, is composed of sub- indicators; for instance, the Registering Property indicator metin2sell.com · Doing Business Report sheds light on how easy or difficult it is for a local entrepreneur to open and run a small to medium-size business when complying with relevant legal obligations.
The report measures and tracks changes in the requirements applying to domestic ally based,metin2sell.com · The Philippines fell farther in its “ease of doing business” ranking from th last year to th this year in a field countries covered by an annual World Bank metin2sell.com://metin2sell.com · Doing business equal opportunity for all - Mali (English) Abstract.
This economy profile presents the Doing Business indicators for Mali. To allow useful comparison, it also provides data for other selected economies (comparator economies) for each metin2sell.com