News Snapshot:
THE Philippines has jumped two notches to place eighth among 20 economies in Asia and the Pacific in a survey measuring the capacity to participate in international trade. The country scored 55.9, from 53.8 in 2018, out of 100 in the Hinrich Foundation’s Sustainable Trade Index 2020. As such, it improved to eighth to land behind Japan, South Korea, Singapore, Hong Kong, Taiwan, the United States and China. The Philippine rating also breached the index’s average of 55, besting the scores of Southeast Asian rivals Thailand, 50.5; Malaysia, 49.8; Brunei Darussalam, 48.5; Cambodia, 48.0; Vietnam, 46.7; Indonesia, 46.4; Lao PDR,...
