In spite of the current negative impact brought about by the coronavirus pandemic, the Philippines still ranked 7th on the list of top 10 countries for investors 2020 revealed by the CEOWORLD Magazine last February.
The 2020 edition report analyzed 80 countries based on 11 different factors including corruption, freedom (personal, trade, and monetary), workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness.
Philippines marked high scores in terms of constitutional framework (94.9), education and research (94.8), market potential (92.8) and trade openness (91.3).
Meanwhile, Singapore was crowned as the most attractive country for investors followed by the United Kingdom, Poland, Indonesia, India, and Australia. While below the Philippines are the United States, Malaysia, and Czech Republic.
The report clarifies that coronavirus pandemic and its effects on the economy were not taken on consideration on the entire study and its result.
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