Philippines gains 3 notches in International Property Rights Index
Louella Desiderio
Philippine Star
17 October 2019
MANILA, Philippines — The Philippines moved up to 67th place out of 129 economies in this year’s International Property Rights Index from 70th last year, amid improvements in two out of three components tracked by the report such as physical property rights and intellectual property rights (IPR).
Developed by the Property Rights Alliance which promotes protection of innovation, IPR and physical property rights, the index seeks to serve as a barometer for the state of property rights in the world by looking at three components – legal and political environment, physical property rights and IPR.
Released in partnership with the Foundation for Economic Freedom and Minimal Government Thinkers in the Philippines yesterday, the index showed the country was behind many of its neighbors in Southeast Asia.
In particular, the Philippines trailed behind Singapore (4th), Malaysia (32nd), Thailand (64th) and Indonesia (65th), but was ahead of Vietnam (83rd) and Brunei Darussalam (98th).
The index showed the Philippines’ overall ranking improved as its score increased to 5.309 this year from the previous year’s 5.217.
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Developed by the Property Rights Alliance which promotes protection of innovation, IPR and physical property rights, the index seeks to serve as a barometer for the state of property rights in the world by looking at three components – legal and political environment, physical property rights and IPR.File
Developed by the Property Rights Alliance which promotes protection of innovation, IPR and physical property rights, the index seeks to serve as a barometer for the state of property rights in the world by looking at three components – legal and political environment, physical property rights and IPR.
Released in partnership with the Foundation for Economic Freedom and Minimal Government Thinkers in the Philippines yesterday, the index showed the country was behind many of its neighbors in Southeast Asia.
The index showed the Philippines’ overall ranking improved as its score increased to 5.309 this year from the previous year’s 5.217.
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