Statement:
In Philippines, startup ecosystem seems to be less developed than in Malaysia

In the Startup Ecosystem Index rating Philippines holds position #57 ²⁰²² out of 99 and Malaysia is #42 out of 99 ²⁰²².
Position of Philippines is worse than position of Malaysia.

Referencies:

1. Startup Ecosystem Index ²⁰²² by StartupBlink

   The countries in the rating sorted by 'Total Score' in descending order.

   Malaysia	'Total Score' value is	5.416
   Philippines	'Total Score' value is	3.302