PH up 5 notches in competitiveness ranking (Philippines Daily Inquirer)

The Philippines moved up five notches to rank 47th out of the 140 economies assessed for the World Economic Forum’s Global Competitiveness Index 2015-2016 on the back of the country’s favorable macroeconomic environment, capacity for innovation and business sophistication. The new ranking placed the country in the top third of the global competitiveness survey, a year…