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‘Comply with Ease of Doing Business law’

The Anti-Red Tape Authority urged the local government officials to effectively implement and comply with Republic Act 11032, or the Ease of Doing Business and Efficient Government Services Delivery Act of 2018.

ARTA director general Jeremiah Belgica said the process of reforms moves around different regions in the country to strengthen the government’s campaign against red tape.

“We want to make the presence of Anti-Red Tape Authority felt and bring about reforms of East of Doing Business Law for our people,” Belgica said in a news release Tuesday.

The Philippines ranked as seventh best country in the world to invest in or do business for 2020, the CEO Magazine said.

In an article posted on its website, the CEO Magazine said the Philippines got a total score of 81.5 based on the report released by Ceo World in February when some countries have already reported confirmed cases of the deadly coronavirus disease.

The study analyzed 80 countries according to business and investment environments. Corruption, freedom, workforce, investor protection, infrastructure, taxes, quality of life, red tape and technological readiness were among the factors taken into consideration.

The Philippines scored high in terms of constitutional framework (94.9), education and research (94.8), market potential (92.8) and trade openness (91.3).

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

Singapore topped the list of 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 US, Malaysia, and Czech Republic.

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

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