We’re well ahead of Micronesia, Laos, and Timor-Leste! Isn’t that we’ll a reason to celebrate that we’re, at least, not the hardest place to do business in East Asia? We’re also a spot higher in ease of starting a business than Cambodia and Indonesia.
What does this mean for us online entrepreneurs? With the solons pushing for amendments in the Consumer Act and BIR doing consultative sessions to have changes in issuing permits and receipts for online transactions, it is of utmost importance to have an easier way for new and budding entrepreneurs to get started easily and of course, easily sustain their operations.
From GMA News:
“It’s the time of the year again when the World Bank releases the latest results of their Ease of Doing Business Survey that is conducted among 185 countries all over the world.
The results of this survey are the ones often used by multi-national companies as a basis on whether they should invest in a particular country or not. We all know how important foreign investments are since these can often lead to a stronger economy for a particular country as well as additional job opportunities for its citizens.
Unfortunately, our country didn’t fare too well in the 2013 edition of this survey, finishing 138th among 185 countries all over the world.”