Philippines scores good marks in global competitiveness report card

In the latest results of the Global Competitiveness Index released by the World Economic Forum (WEF), the Philippines jumped seven notches to 52th place from 59th last year.

It is is now ranked 5th of nine in the ASEAN and is at the cusp of breaking into the top third of global rankings. The country recorded the largest gain in ASEAN this year.

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