Business leaders have called the attention of the national government to the “hidden cost” of doing business down to the community level.

Cezar Consing, Ayala Corp.’s CEO, said these costs affect businesses that have low margins, which could make certain communities less attractive to investors.

“What we find here is there are a lot of unwritten [and] hidden costs to doing business. More recently, I see them more at the local level. And if you’re a firm that is trying to do business nationwide, it’s those costs that that are so hard to quantify,” Consing said during a panel of the Pilipinas Conference 2023, a forum facilitated by think tank Stratbase.

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https://businessmirror.com.ph/2023/11/24/hidden-costs-complex-rules-deter-investments/