MALACANANG on Tuesday expressed elation over the Philippines’ improved ranking in the latest World Competitiveness Yearbook (WCY) that saw the country placed 42nd among 61 economies and 12th in the Asia-Pacific region.
Palace Communications Secretary Herminio Coloma Jr. said the report released by the International Institute of Management Development was based on 342 criteria clustered under four broad categories such as economic performance, government efficiency, business efficiency and infrastructure.
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