Philippines falls to 99^th out of 130 countries in business environment resilience list

The Philippines dropped 10 places to 99th out of 130 countries with an overall score of 37.3 (out of a possible 100) in the 2022 edition of FM Global Resilience Index by US-based mutual insurance company FM Global. The index ranked countries based on their overall resilience of business environment based on economic, risk quality, and supply chain data. The Philippines was the third-least resilient business environment compared with its Southeast Asia peers, just ahead of Cambodia (112th overall) and Laos (123rd).