The Philippines' competitiveness in trade logistics improved in the past two years, such that its rank jumped to 60th place among 168 countries in this year's edition of a biennial World Bank report. The report titled "Connecting to Compete 2018: Trade Logistics in the Global Economy" showed the country's ranking move up from 71st among 160 countries in 2016. The Philippines' Logistics Performance Index (LPI) score also rose to 2.9 this year from a score of 2.86 two years ago. The World Bank explained that the LPI has six components, namely: customs, infrastructure, international shipments, logistics quality and competence, tracking and tracing, as well as timeliness. ...
Keep on reading: World Bank: PH ranking in trade logistics climbs to 60th in 2018
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