Db Subnational Presentation Philippines

1. The Government of Canada The Government of Australia Zenaida Hernandez May 26 th , 2008

3. Focus on Procedures, Time and Cost is Doing Business basic methodology Registering a property in the Philippines --- 8 procedures that take 33 days and 5.7% of property value. Notary prepares deed of sale Obtain CTC of tax declaration Pay stamp tax at bank Obtain certificate of real estate taxes at CTO Obtain CAR at BIR Payment of transfer tax at CTO Apply for new tax declaration Registration at Registry of Deeds

4. Reforms across the world – less so in East Asia and Pacific Countries with at least one positive reform in 2006-07 (%) E. Europe + Central Asia 78.6% 62.5% South Asia OECD 62.5% Middle East + N. Africa Sub-Saharan Africa East Asia + Pacific Latin America + Caribbean 35.5% 58.8% 52.2% 45.8%

5. Business entry reforms = more businesses Countries ranked by ease of doing business, quintiles Business Density (registered firms per capita) Business Entry (new firms in % of registered firms) Source: Doing Business database Easiest Most difficult Most difficult Easiest

6. …Which Means More Formal Employment Source: Doing Business database, WDI Informal Sector (% of GDP) Unemployment (% of labor force) Easiest Most difficult Most difficult Easiest Countries ranked by ease of doing business, quintiles

7. Doing Business subnational series Doing Business

9. Procedures to start a business 15 15 15 16 16 16 17 17 17 17 18 18 18 19 19 20 21 22 22 22 23

10. Days to start a business Singapore (5 days) Malaysia (24 days) Indonesia (104 days)

11. Cost to start a business (% of income per capita) Indonesia (80%) Thailand (5.6%) Malaysia (18.1%)

12. Procedures to deal with licenses 23 24 25 25 25 25 27 27 28 28 29 29 29 29 30 31 31 31 32 33 33

13. Days to deal with licenses Korea (34 days) Indonesia (196 days) Thailand (156 days)

14. Cost to deal with licenses (% of income per capita) Thailand (11%) Malaysia (10%) Indonesia (287%)

15. Days to register property Thailand (2 days) Indonesia (42 days) Singapore (9 days)

16. Cost to register property (% of property value) Malaysia (2.4%) Indonesia (10.5%) Vietnam (1.2%)

17. Doing Business indicators are a tool to reform

18. Best practices in the Philippines can improve the ease of doing business 168 Manila, Marikina, Taguig Number of procedures to start a business 142 Taguig Number of procedures to deal with licenses 124 All cities Number of procedures to register property 79 Lapu-Lapu Cost to start a business (% of GNI per capita) 76 Taguig Days to start a business 61 Makati, Manila Cost to deal with licenses (% of GNI per capita) 54 Mandaue Cost to register property (% of property value) 35 Mandaluyong Days to register property 6 Tanauan Days to deal with licenses Global rank per indicator (178 economies) Best performing city Indicator