, the index ranked jurisdictions around the globe based on the complexity of their business environments, covering three areas: accounting and tax; global entity management; and payroll and human resources. The higher the rank, the more complex its business environment.
Among the 14 jurisdictions in the Asia-Pacific, the Philippines had the sixth most complex business environment with a “medium” complexity rating. It is likely to become more appealing to operate in and likely to introduce greater laws and regulations relating to economic substance requirements, the report said.
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The lords of Philippine basketball are troubled - BusinessWorld OnlinePhilippine Basketball Association (PBA) Commissioner Wilfrido “Willie” O. Marcial will soon meet with Shinji Semada, chairman of Japan’s B.League, and Kim Hee-ok, commissioner of the Korean Basketball League (KBL) to discuss, among other things, the recruitment of Filipino basketball players by the two foreign basketball associations.
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Headline inflation rates in the Philippines - BusinessWorld OnlineInflation climbed to its highest level in nearly four years in June, further eroding the purchasing value of the peso to a record low, the Philippine Statistics Authority (PSA) said on Tuesday. Read:
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ADB says green recovery critical for Philippines amid climate challenges - BusinessWorld OnlineThe Asian Development Bank (ADB) said the Philippines must ensure that its recovery is sufficiently green in light of the challenges posed by climate change and declining biodiversity. READ:
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Philippines working with Italy on minerals needed by EV industry - BusinessWorld OnlineTrade Secretary Alfredo E. Pascual said in a speech delivered at the Association of Southeast Asian Nations-Italy economic dialogue on Wednesday that the Philippines can be Italy’s source of “green” metals such as nickel, cobalt, and copper. READ:
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IPOPHL to boost expansion of MSMEs in global markets - BusinessWorld OnlineThe Intellectual Property Office of the Philippines (IPOPHL) plans to strengthen its assistance for micro, small, and medium enterprises (MSMEs) to reach global markets. READ:
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CTS Global to venture into Indonesian market - BusinessWorld OnlineCTS Global Equity Group, Inc. plans to expand into the Indonesian stock market with an initial fund disbursement into Bank Central Asia (BCA) Indonesia, it disclosed on Monday. It’s only a little weird because this wasn’t the type of foreign market that the prospectus talked about. That said, the prospectus and trading plan was made in a different financial world, so this pivot could make sense!
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