The Philippines landed as the third best country in the world to invest in or do business for 2019, this according to the CEOWORLD magazine. It came after Malaysia in first place and Poland which took silver. Indonesia (No. 4) and Australia (No. 5) completed the top five among 67 countries.
The rankings were based on a survey and statistical data on 11 different factors including corruption, freedom (personal, trade, and monetary), workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness. Each factor was equally weighted and classified under the general categories of Economic Stability, Government Policies, Skilled Labour Force, Institutional Framework, Education and Research, Market Potential, and Trade Openness.
The Philippines ranked first in Skilled Labour Force (85 points) and Institutional Framework (85 points). It tied at 8th in Economic Stability (78pts), tied at 15th in Government Policies (70 points), tied at 15th for Education and Research (68 points), tied for 22nd for Market Potential (60 points), and tied for 10th for Trade Openness (73pts). The country received the same score as the US in Labour Force. She also tied Turkey and Saudi Arabia in the Institutional Framework.
Read more: Manila Bulletin
ABOUT PTIC TAIPEI
The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan