World Bank Urges Philippines to Simplify Business Regulations
The Philippines could rake in additional investments of at least PhP5 billion to PhP10 billion from the private sector annually should it simplify business regulations, according to the World Bank.
In a briefing last week, World Bank Philippine office senior country economist Karl Kendrick Chua said business regulations in the Philippines tend to be cumbersome and limit the growth of innovative entrepreneurship and investments.
Source: The Philippine Star