Live Breaking News & Updates on File Photo Manila Despite The World Bank Announcement On Discontinuation Of Its Doing Business Report

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 ....

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