PHILIPPINES RANKED 7TH BEST COUNTRY TO INVEST IN

The Philippines has been ranked as the 7th best country to invest in in the post-Covid world, according to CEOWORLD magazine.

The country, described as the “tech hub” of Asia scored high in scored high in terms of constitutional framework (94.9), education and research (94.8), market potential (92.8) and trade openness (91.3).

In terms of economic stability, it got a score of 69.8 while it was gauged at 64.61 and 62.4 on skilled labor force and government policies.

The study analyzed 80 countries according to business and investment environments and took factors such as corruption, freedom, workforce, investor protection, infrastructure, taxes, quality of life, red tape and technological readiness into consideration.

It  attributed the country’s investor ranking to its hard-working workforce, inclusive growth momentum, stable monetary policy, strong anti-corruption drive, and an ambitious “Build, Build, Build” infrastructure program

Singapore topped the list of most attractive nations for investors and business people followed by the UK, Poland, Indonesia and India. Australia was in 6th place followed by the Philippines, the US, Malaysia and Czech Republic.