Business Reforms in Philippines

Positive= Doing Business reform making it easier to do business. Negative= Doing Business reform making it more difficult to do business.

DB2012:

Positive Resolving Insolvency:

The Philippines adopted a new insolvency law that provides a legal framework for liquidation and reorganization of financially distressed companies.


DB2011:

Positive Starting a Business:

The Philippines eased business startup by setting up a one-stop shop at the municipal level.


Negative Dealing with Construction Permits:

The Philippines made construction permitting more cumbersome through updated electricity connection costs.


Positive Trading Across Borders:

The Philippines reduced the time and cost to trade by improving its electronic customs systems, adding such functions as electronic payments and online submission of declarations.


DB2010:

Positive Getting Credit:

Access to credit was enhanced with a new credit information act that regulates the operations and services of a credit information system.


Positive Paying Taxes:

The corporate income tax rate was cut from 35 percent to 30 percent of profit.


Positive Resolving Insolvency:

Reorganization procedures were promoted by introducing prepackaged reorganizations and regulating the receiver profession.


DB2009:

Positive Trading Across Borders:

The risk management and electronic data interchange system for customs were upgraded, reducing the time to import.


Reform Summaries


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