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MANILA, Philippines - Poor infrastructure, tardiness and a tangled Customs clearance procedure caused the Philippines to fall eight notches in the World Bank's Logistics Performance Index (LPI).
From the 44th spot in 2010, the Philippines slipped to 52nd out of 155 countries surveyed.
The index measures logistics efficiency - a key factor for trade and growth - using six components: Customs speed, simplicity, predictability; quality of trade- and transport-related infrastructure; ease of arranging competitively priced international shipments; logistics quality and competence; the ability to track and trace consignments; and timeliness or consistency in meeting scheduled deliveries.
The World Bank rates countries from one (worst) to five (best). Manila scored 3.02 this year, lower than the 3.14 it garnered in 2010. The Philippines scored the lowest in timeliness, customs, and infrastructure.
Singapore topped the index, followed by Chile, China, India, Morocco, South Africa, Turkey, and the US.
"The 2012 LPI does not suggest that the converging trend from the 2007 LPI to the 2010 LPI is continuing. From 2007 to 2010, lower performing countries improved their overall LPI scores more than did higher performing countries. But from 2010 to 2012, they were not able to further narrow the gap," the World Bank report said.
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