Philippines ranks third as world’s best country to invest in 2019 next to Poland and Malaysia, according to CEOWORLD Magazine.
Moreover, there were 67 countries which were evaluated. Factors such as corruption, freedom (personal, trade, and monetary), workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness were considered.
“Each factor was equally weighted and classified under the general categories of Economic Stability, Government Policies, Skilled Labour Force, Institutional Framework, Education and Research, Market Potential, and Trade Openness,” report of Manila Bulletin.
The top five countries which were rated as the best places to do business in 2019 are: Malaysia (1st);Polland (2nd) the Philippines(3rd), Indonesia (4th) and Australia (5th).
To complete the top 10, Singapore is at 6th, followed by India then Czech Rpublic,Spain, and Thailand.
“Annually, CEOWORLD magazine ranks the world based on a variety of categories ranging from the richest people to the best universities, top companies, and top executives. One of the categories is the ‘World’s best Countries to Invest In or Do Business’,” report from the Edge Market stated.