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PHL JUMPS 15 NOTCHES IN WORLD BANK’S DOING BUSINESS 2014 REPORT


29 October 2014 – In its Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises released today, the Philippines jumped 15 notches to 108th place out of 189 economies in the annual World Bank report. The Philippines was in the 133rd place last year.

Because of this spectacular performance, the Philippines made it to the top ten economies which improved the most. In order of improvement, these top ten economies are Ukraine, Rwanda, the Russian Federation, the Philippines, Kosovo, Djibouti, Côte d’Ivoire, Burundi, the former Yugoslav Republic of Macedonia, and Guatemala. 

The joint World Bank and International Finance Corporation flagship Doing Business report analyzes regulations that apply to an economy’s businesses during their life cycle, including start-up and operations, trading across borders, paying taxes, and resolving insolvency. The aggregate ease of doing business rankings are based on ten indicators and cover 189 economies.


For more information on the Philippines’ performance, please visit  http://doingbusiness.org/data/exploreeconomies/philippines.