Philippines’ resilience slightly improves

The Philippines inched up two places to rank 97th out of 130 countries/territories in the 2024 FM Global Resilience Index by commercial property insurance FM Global. The index assesses a country or territory’s business environment resilience based on 18 equally weighted factors, including six physical factors and 12 macro factors. With a scale of 0 to 100, where 0 is the lowest resilience and 100 is the highest, the Philippines scored 42.1 and was the fourth least resilient compared with other Southeast Asian countries and territories.