The Philippines has climbed from the 66th place to the 65th in the global competitiveness ranking in the year 2020.
Based on the 2020 World Competitiveness Yearbook of the International Institute for Management Development (IMD), the rank of each country is supported by its capability to compete with the local and global market.
The Philippines is the only country in Southeast Asia to rise in the rankings except for Singapore that is ranked 1st. – PTV News