The Philippines bagged top ranks in five categories in the Global Startup Ecosystem Report by policy advisory services provider and researcher Startup Genome, the Department of Trade and Industry (DTI) said on Tuesday.

In a statement, DTI said the country was recognized for the following aspects: Global Ecosystem for Bang for Buck (top 10), Activation Ecosystem for Connectedness (top 5), Exit Growth Index (top 5), Output Growth Index (top 6) and Funding Growth Index (top 9).