Philippines if among the top 10 economies that improved the most in making regulation easier for businesses, according to report.
World Bank report ‘Doing Business 2014’ assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders.
The top 10 positions were occupied, in descending order, by Singapore, Hong Kong, New Zealand, United States, Denmark, Malaysia, South Korea, Georgia, Norway and the United Kingdom.
The following countries ranked below the Philippines are Indonesia (120th), Cambodia (137th), Laos (159th), Timor-Leste (172nd) and Myanmar (182nd).
According to Doingbusiness.org This year’s report data cover regulations measured from June 2012 through May 2013. The report is the 11th edition of the Doing Business series.