= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2012:
Resolving Insolvency:
The Philippines adopted a new insolvency law that provides a legal framework for liquidation and reorganization of financially distressed companies.
DB2011:
Starting a Business:
The Philippines eased business startup by setting up a one-stop shop at the municipal level.
Dealing with Construction Permits:
The Philippines made construction permitting more cumbersome through updated electricity connection costs.
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:
Getting Credit:
Access to credit was enhanced with a new credit information act that regulates the operations and services of a credit information system.
Paying Taxes:
The corporate income tax rate was cut from 35 percent to 30 percent of profit.
Resolving Insolvency:
Reorganization procedures were promoted by introducing prepackaged reorganizations and regulating the receiver profession.
DB2009:
Trading Across Borders:
The risk management and electronic data interchange system for customs were upgraded, reducing the time to import.