Major concerns for doing business in the Philippines

Major concerns for doing business in the Philippines*
(in descending order)

1. Corruption
2. Policy inconsistency
3. Political instability
4. Bureaucratic red tape
5. Lack of political will to change
6. Labor problems
7. Economic instability
8. Lack of judicial effectiveness
9. Poor infrastructure
10. Security issues
11. Low market growth (local)
12. Tax transparency

*Based on the 2006 Corporate performance survey