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Phl maintains competitiveness ranking at 52nd
The Philippine Star
|June 19, 2024
The Philippines maintained its standing in this year's edition of the World Competitiveness Ranking of the International Institute for Management Development (IMD), but it remained among the laggards in the Asia-Pacific region, with infrastructure identified as an area where improvements have to be made.
The government believes the implementation of Executive Order 59, which streamlines the permitting process for priority infrastructure projects, will help improve the country's competitiveness ranking next year.
IMD's World Competitiveness Ranking for 2024 showed the Philippines placed 52nd out of 67 economies, the same ranking in the previous year.
Of the 14 economies in the Asia-Pacific, the Philippines placed 13th, unchanged for five consecutive years.
This story is from the June 19, 2024 edition of The Philippine Star.
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