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 Thursday. Perez said the Philippine EODB Reporting System will adopt World Bank's previous Doing Business Report methodology including the 10 indicators-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. "We will a
Liberia: FrontPageAfrica Releases 2021 Evaluation of State Owned Enterprises and Integrity Institutions frontpageafricaonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from frontpageafricaonline.com Daily Mail and Mail on Sunday newspapers.
ISLAMABAD: The government on Wednesday launched 7th Ease of Doing Business Reform Plan with an aim to jump to 75th place on the World Bank’s EODB-2023 report by making business and investment.
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 Across Borders, Enforcing Contracts, and Resolving Insolvency.
During the agency’s EODB Summit on Thursday, Belgica reported the progress made in doing business in the country.