Today’s signing of the data-sharing agreement between the Department of Trade and Industry (DTI) and TransUnion Philippines is part of the government’s continuing effort to improve our competitiveness ranking. More importantly, this agreement will improve access for Micro, Small, and Medium Enterprises (MSMEs) when it comes to their access to microfinancing.
Last year, we reported the country’s huge jump from 124th to 95th rank in the Doing Business (DB) 2020 report. Notable is the improvement on the topic “Getting Credit,” where the Philippines posted +52 notches, increasing our rank from 184th place to 132nd over 190 countries.
This is due to the World Bank’s (WB) acceptance of the Philippine government’s data correction request. We acknowledge with thanks the cooperation of all our credit bureaus, particularly our partner today, TransUnion Philippines, led by Ms. Pia Arellano, in helping us with this achievement.
29 January 2020