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Palace vows innovative business environment in Philippines.

The government would continue to provide an innovative and business-friendly environment in the Philippines, Malacanang said Thursday after the country leapfrogs in the 2019 Global Innovation Index.

The Philippines has jumped to 54th place among 129 countries in the Global Innovation Index (GII) 2019 from 73rd place in 2018.

'We commend those departments and agencies responsible for the improvement of our country relative to its economy's innovation development,' Presidential Spokesperson Salvador Panelo said in a Palace briefing.

'May this good news further motivate them in creating an environment that nurtures innovation and creates business opportunities as we become one of the fastest growing economies in the globe,' Panelo added.

The Palace official said 'the very institution has commented in its report that the Philippines is among the new entrants to the group it calls the innovation achievers and has defined our country's better innovation performance as one of the few notable changes this year.'

'We foresee that the Philippines will further improve its rankings with higher scores in all of the aspects for innovation following President Rodrigo Roa Duterte's signing of the Philippine Innovation Act and the Innovative Startup Act into law,' he added.

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Publication:Philippines Daily Inquirer (Makati City, Philippines)
Geographic Code:9PHIL
Date:Jul 25, 2019
Words:244
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