Doing business in the Philippines now easier—World Bank 2017 report

Faith Ocampo Published on October 27, 2016

pin on philippine map

The Philippines is back in the top 100 economies listed in World Bank’s 2017 Doing Business Report.

Rebounding from its eight-step drop last year, the Philippines climbed four spots in World Bank-International Finance Corporation’s 2017 Doing Business rankings.
The Philippines is now 99th out of 189 economies evaluated. In 2016, it slipped to the 103rd place.

The report covers 10 sub-indicators of ease of launching investments in a country. The Philippines was assessed based on data from Quezon City, gathered from February to May this year.
Gains were seen in four out of 10 indicators, with the biggest improvement in protecting minority investors (up by 18 spots) and dealing with construction permits (up by 14 spots).
Improvements were also seen in paying taxes (up by 11 spots) and enforcing contracts (up by four spots).

blue arrows moving up depicting business success

On the other hand, declines were reported in four areas, including getting credit (down by nine spots), starting a business (down by six spots), getting electricity (down by three spots), and resolving insolvency (down by three spots).
The rankings for 2016 and 2017 as well as the changes in rank are presented in the table below.

DOING BUSINESS IN THE PHILIPPINES

INDICATORS

2017 RANK

2016 RANK

CHANGE IN RANK

Overall 99 103 4
Protecting minority investors 137 155 +18
Dealing with construction permits 85 99 +14
Paying taxes 115 126 +11
Enforcing contracts 136 140 +4
Trading across borders 95 95 0
Registering property 112 112 0
Resolving insolvency 56 53 −3
Getting electricity 22 19 −3
Starting a business 171 165 −6
Getting credit 118 109 −9

 

Private sector co-chairman of the National Competitive Council (Philippines) Guillermo M. Luz said that he expects a “dramatic” increase in the Philippines’ ranking next year. He said legislative changes are seen to improve the business environment, citing amendments to the Corporation Code and tax policies.

What this means for outsourcing companies

High rankings in ease of doing business are beneficial for emerging markets around the world, helping them attract new foreign investments.
In the Philippines, the outsourcing sector is expected to expand even further following these developments. Currently, its BPO industry employs more than 1 million Filipino professionals and is estimated to generate up to $25 billion by year-end. Its improved business environment, as indicated in the World Bank report, could help them encourage more investors to take their services to the country.

Faith is a digital media enthusiast aiming to become an active part of the tech world by sharing her insights. She likes to blog about everything digimarketing, technology, and social media.
Join us on facebook
Open Access BPO 11 hours ago
Delivering outstanding #CustomerSupport on over #SocialMedia promptly is essential for enhancing #CustomerSatisfaction and improving the overall brand experience.

But how can your brand consistently deliver on this crucial front?

Improve your customer interactions and build stronger connections on social media by reading all about it on our blog: https://buff.ly/sdjJ2A3

——————————
Give your brand a CX boost on the social web!
Outsource to a #CustomerService expert today: https://buff.ly/aBetHaO

#WeSpeakYourLanguage
#CustomerService #CSat
#CustomerExperience #CX
Open Access BPO 10 days ago
The world is getting smaller, and your customers come from all corners of it!
Partnering with a culturally diverse #CallCenter team isn't just the right thing to do, it's a smart business move.

Learn about the key benefits in our blog:
https://buff.ly/360SqHP

----------
Want a high-value #CustomerExperience for your diverse audience?

Let our multicultural teams help your brand break into international markets without worries.

Contact us today: https://buff.ly/59i7YD6

#WeSpeakYourLanguage
#CX #diversity #inclusion
Open Access BPO 10 days ago
Open Access BPO is kicking off our Pride Week, a dedicated series of events celebrating #PrideMonth. This initiative underscores our commitment to fostering a workplace culture built on #inclusion and #diversity.

Throughout the week, we've planned a series of meaningful activities designed to celebrate the #LGBTQIA+ community. We believe that fostering an environment where every individual feels valued and empowered is crucial for our collective success.

Our dedication to creating a safe and equitable space extends beyond this week, reflecting our ongoing commitment to a more inclusive future for all.

#WeSpeakYourLanguage
#PrideMonth #Pride2025 #UnitedByLove
#OneWithDiversity #PrideMonth2025
Open Access BPO 10 days ago
Open Access BPO is kicking off our Pride Week, a dedicated series of events celebrating #PrideMonth. This initiative underscores our commitment to fostering a workplace culture built on #inclusion and #diversity.

Throughout the week, we've planned a series of meaningful activities designed to celebrate the #LGBTQIA+ community. We believe that fostering an environment where every individual feels valued and empowered is crucial for our collective success.

Our dedication to creating a safe and equitable space extends beyond this week, reflecting our ongoing commitment to a more inclusive future for all.

#WeSpeakYourLanguage
#PrideMonth #Pride2025 #UnitedByLove
#OneWithDiversity #PrideMonth2025
Open Access BPO 11 days ago
Open Access BPO conducted Plant It Forward, a two-part tree-planting initiative, held in Laguna and Davao in May and June 2025.

Volunteers from both activities planted 300 Philippine indigenous trees, which were selected to help maintain the biodiversity in the area.

“This program is more than just planting trees; it’s about cultivating a culture of social responsibility within our organization and demonstrating our commitment to the communities where we operate,” said Joy Sebastian, Global VP at Open Access BPO.

This is only the start. Open Access BPO vows to continue investing in such environmental projects, affirming its core value of creating positive impact.

Read more about the green initiative here: https://buff.ly/HjTlHZC

#WeSpeakYourLanguage
#OABPOPlantItForward
#OABPOcares #IdeaHubOABPO
Open Access BPO 11 days ago
𝐀𝐝𝐝𝐢𝐧𝐠 𝐯𝐚𝐥𝐮𝐞 𝐭𝐨 #𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐦𝐞𝐚𝐧𝐬 𝐠𝐨𝐢𝐧𝐠 𝐭𝐡𝐞 𝐞𝐱𝐭𝐫𝐚 𝐦𝐢𝐥𝐞 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬.
This means transforming basic interactions into meaningful connections.

It's the secret to building strong customer loyalty and driving business success by making customers feel valued and understood.

Dive deeper into what makes a truly value-added #CX and how it can significantly boost #CustomerLoyalty and overall business success: https://buff.ly/8Wxb9gw

——————————
Ready to transform your customer experience? Don't settle for less; elevate your #CX by partnering with a #CallCenter that truly goes the extra mile 24/7.

Learn how our dedicated team can enhance your customer interactions and drive loyalty.
Take the first step towards superior CX today: https://buff.ly/L6dUG5E

#WeSpeakYourLanguage
#CustomerSupport #BPO