ANC: PH slips WB competitiveness ranking.
Cambodia ahead of PH. implementation of reforms to reduce complexity and cost of doing business should be a high priority. PH bureaucracy still a drag to its competitiveness. It takes 36 days and 16 procedures to start a business in PH, ahead only of Equatorial Guinea and Venezuela. The high cost of electricity is also more expensive that in rich countries.
Cambodia ahead of PH. implementation of reforms to reduce complexity and cost of doing business should be a high priority. PH bureaucracy still a drag to its competitiveness. It takes 36 days and 16 procedures to start a business in PH, ahead only of Equatorial Guinea and Venezuela. The high cost of electricity is also more expensive that in rich countries.
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