“Observe Easy Enterprise Law Follow”

The Anti-Bureaucracy Agency urged local government officials to effectively implement and comply with Republic Act 11032 or the 2018 Law on Business Facilitation and Efficient Delivery of Government Services.

ARTA Director General Jeremiah Belgica said the reform process is moving in different regions of the country to strengthen the government’s campaign against bureaucracy.

“We want to make the presence of the anti-bureaucracy agency noticeable and bring about reforms of business law in the east for our people,” said Belgica in a press release on Tuesday.

The Philippines is the seventh best country in the world to invest or do business in in 2020, according to CEO Magazine.

In an article posted on its website, CEO Magazine said that the Philippines received an overall score of 81.5, based on the report published by Ceo World in February, when some countries had already reported confirmed cases of the fatal coronavirus disease.

The study analyzed 80 countries by business and investment environment. Corruption, freedom, workers, investor protection, infrastructure, taxes, quality of life, bureaucracy and technological readiness were taken into account, among other things.

The Philippines achieved high scores for Constitutional Framework (94.9), Education and Research (94.8), Market Potential (92.8), and Openness to Trade (91.3).

Economic stability (69.8), skilled labor (64.61) and government policy (62.54) were also measured.

Singapore topped the list of the most attractive nations for investors and business people, followed by the UK, Poland, Indonesia and India.

Australia was in 6th place, followed by the Philippines, the USA, Malaysia and the Czech Republic.

The United Arab Emirates, Germany, China and Japan ranked 12th, 16th, 31st and 32nd among the best countries in the world to invest or do business in this year. * PR

Comments are closed.