The Philippines improved its competitive standing as it landed on the 59th spot in the World Economic Forum's (WEF) Global Competitiveness Report released Wednesday. This was an improvement from the country's 65th place last year.
The Philippines' standing improved as it ranked 50th and below in 33 out of 119 indicators being monitored by WEF, according to Makati Business Club chairman Ramon del Rosario, Jr. who was present at the launch of the report.