Bigger gains in the country’s competitiveness can be achieved by assuring strategic infrastructure investment, enhanced market competition and a simple and progressive tax regime, according to the Asian Institute of Management (AIM) Policy Center after the 2017 World Competitiveness Yearbook (WCY) showed the Philippines rose a notch on the list, from 42nd out of 63 economies last year to 41st.
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The Market Monitor Minding the Nation's Business