The Philippines drops to 63rd in IMD World Talent Ranking, a decline from 48th in 2018.

The Philippines has fallen to 63rd in the IMD World Talent Ranking, a drop of three places from last year and a significant decline from 48th in 2018. The report highlights weaknesses in investment, development, and readiness, while noting strengths in cost of living and personal income tax. In the Asia-Pacific, it ranks lower than several countries, including Singapore and Australia. The report advises policymakers to focus on education and labor market strategies to enhance competitiveness.