THE Philippines moved up five places in the latest World Competitiveness Report of the International Institute for Management Development (IMD), the National Competitiveness Council (NCC) said on Thursday.

Guillermo Luz, who is the NCC’s Private Sector co-chairman, said the Philippines climbed from No. 43 in 2012 to No. 38 in 2013 in the review of 60 economies.

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