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Phl retains 52nd spot in world competitiveness

The Philippine Star

|

July 30, 2024

The Philippines remains at 52nd place out of 67 economies in overall competitiveness, although it improved three spots in terms of governance in the 2024 World Competitiveness Report.

- HELEN FLORES

Following the release of the report by Swissbased International Institute for Management Development (IMD), the Marcos administration renewed its commitment to streamline and digitalize government services to make the country more competitive and business-friendly.

The Anti-Red Tape Authority (ARTA) made the pronouncement as the Philippines climbed three spots in the area of “government efficiency” to 49th from 52nd last year.

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