PH slides 6 notches in World Bank’s doing business rankings

The Philippines suffered a six-notch drop in this year’s rankings by the World Bank in terms of the overall ease of doing business in the country, prompting a government body to question the new methodology used in producing the results.

The country ranked 103rd in World Bank’s Ease of Doing Business 2015 Report, sliding from 97th place the previous year, the International Finance Corp. (IFC) told reporters in a briefing on Wednesday.