News Formal

Doing business in PH better following reforms

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 19 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 92%

Doing News

Business,In,PH

THE ease of doing business in the Philippines has improved slightly following recent reforms aimed at making the country a more attractive investment destination, a multinational professional services firm said.

Dutch-based TMF Group's latest Global Business Complexity Index ranked the Philippines 34th out of 79 countries, an improvement from 31st in the 2023 edition of the report.Greece, in first place, is the most complex country to do business in this year, followed by France and Colombia. China, ranked 11th from 15th in 2023, is the most complex jurisdiction in the Asia-Pacific region.

'The country benefits from a stable political and economic environment, which means the government can focus on improving systems and processes to facilitate foreign investment,' it added.It noted efforts to shift taxation and registration online and particularly cited the recent approval of the Ease of Paying Taxes law and the Internet Transactions Act .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Livestock Philippines and Aquaculture Philippines 2024 lead way in driving business opportunities, industry growthManila, Philippines – Informa Markets in the Philippines is set to host again the Livestock Philippines and Aquaculture Philippines this year, highlighting innovation and technology to improve the agricultural economy particularly the livestock and aquaculture industries.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Livestock Philippines and Aquaculture Philippines 2024 highlight innovation, expertise to empower industryPasay City - Informa Markets in the Philippines is optimistic that this year’s Livestock Philippines and Aquaculture Philippines will empower stakeholders from both subsectors to adopt technology and enter new markets, helping fuel economic growth at the regional and national levels.
Source: BusinessMirror - 🏆 19. / 59 Read more »