Archive for August 2012

Global business gloom

August 27, 2012

From The Economist’s  survey for July 2012:
GLOBAL business sentiment has worsened sharply, according to the latest Economist/FTsurvey of over 1,500 senior executives, conducted by the Economist Intelligence Unit. The balance of respondents who think the world economy will improve over those who think it will worsen fell from minus 5 percentage points in April to minus 25 in July…. Overall, 42% of executives now reckon business conditions will worsen… that Europe’s biggest problem will be economic uncertainty. More than 60% believe economic conditions in the euro area will get worse in the next six months….

source: The Economist, August 16th 2012,   http://www.economist.com/blogs/graphicdetail/2012/08/daily-chart-1 

Since the public debt problem in Europe and North America will linger for many years to come, the gloom will most likely stay in the medium term.

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Doing Business in the Philippines

August 24, 2012

Dear Readers,

After leaving this blog inactive for many months, we are reactivating it with more regular posts, hopefully. Thank you for checking our site from time to time.

The WB-IFC’s Doing Business 2012 Report was released a few months ago. In terms of ease of doing business, our two neighbors, Singapore in the south and Hong Kong in the north, ranked 1st and 2nd worldwide, respectively. The Philippines though ranked a very far 136th.

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source:  http://doingbusiness.org/reports/global-reports/~/media/FPDKM/Doing%20Business/Documents/Annual-Reports/English/DB12-Chapters/Country-Tables.pdf

The discrepancy in Philippine government’s business regulations policy with Singapore and Hong Kong is too far. Let us hope that the Philippine government will do something to improve and ease the procedures in doing business in the country.