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Taiwan and Philippines enters top 100 for most competitive countries for “doing business”

Taiwan and Philippines are part of top 100 among 190 economies in the latest “Doing Business” rankings. Taiwan ranked up at 15th place while Philippines is at 95th which is in the middle rank.

Taiwan received a score of 80.90 points and Philippines with a score of 62.8. Taiwan dropped from 13th to 15th place and Philippines jumps from 124th to 95th place that makes the country one of the three high jumpers among the economies.

According to the report of World Bank, higher ranking economies generally indicate simpler regulations for businesses and stronger protection of property rights.

The report focuses on 10 areas to assess a nation’s business environment: starting a business; dealing with construction permits; getting electricity; registering property; getting credit; protecting minority investors; trading across borders; paying taxes; enforcing contracts; and resolving insolvency.

Doing Business report was released annually by World Bank that shows global rankings of different economies of the ease of doing business.


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