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(Eagle News) – The Philippines ranked 95 in the Ease of Doing Business latest report of the World Bank, jumping 29 notches from the previous ranking of 124th out of 190 economies. In the Doing Business 2020 Report, the Philippines was among the 190 economies included by the World Bank in its study. The Philippines got an Ease of Doing Business (EODB) score of 62.8 in the 2020 report, an improvement over its grade […]
(Eagle News) — President Rodrigo Duterte signed on Wednesday, Feb. 20, the Revised Corporation Code which allows the registration of a “one-person corporation” and removing the requirement for the minimum number of five incorporators, among others. The Revised Corporation Code, which amended the 38-year old Corporation Code, aims to strengthen and simplify corporate governance standards for a more business-friendly environment amidst the drop in the country’s rank in the latest Ease of Doing Business […]
MANILA, April 15 (PIA) — The Philippines on Tuesday (April 14) unveiled reforms simplifying the process of starting a business to 6 steps and 8 days, down from the existing set-up requiring 16 steps and 34 days. The government also announced e-government initiatives for accessible and convenient online transactions for payroll-related payments to PhilHealth and Pag-IBIG, reducing the number of payments from 36 to 13 per year. In a press conference today, the Department of […]
