MANILA, Philippines–The Philippines jumped 29 notches in the World Bank’s yearly Doing Business Report, ranking 95th in the 2020 edition from 124th previously.

The report, which was released on Thursday and which covers data from 2018-2019, found that the Philippines improved in three areas — starting a business; dealing with construction permits; and protecting minority investors.

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The Philippines is among 42 economies that made it easier to do business in terms of at least three out of the 10 areas or criteria used in the report.

According to the Department of Trade and Industry, the Philippines updated the World Bank on 53 reforms and data corrections related to the annual report. /jpv

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