The BRIC economies— Brazilthe Russian FederationIndia and China —introduced a total of 21 reforms, with getting electricity and trading across borders the most common areas of improvement.
Competitiveness Indonesia climbed 15 places in the World Bank's Ease of Doing Business index from to 91, hence being among the ten biggest climbers. Overall, the World Bank saw a record economies around the globe adopting key reforms that make it easier to start and operate small and medium-sized businesses.
Indonesia's positive performance in the edition was attributed to government efforts to simplify and remove unnecessary regulations. Today, Rodrigo Chaves, World Bank Country Director for Indonesia, complimented the Indonesian government for successfully raising efforts to enhance the quality of the nation's business environment for the private sector.
He added that it is now easier to establish a business in Indonesia, have access to electricity, register property, acquire finance, pay taxes, to engage in cross-border trade and establish contracts.
These are all considered key issues.
For example, on average, it now takes 58 days for a company in Indonesia to connect to the nation's power grid it used to be 78 days. The improvement is particularly felt in Jakarta and Surabaya, the two biggest industrial cities of Indonesia.
Other examples of government efforts of policies that supported Indonesia's jump in the ranking are the encouragement of the use of online systems, the scrapping of the paid-in minimum capital requirement for small and medium-size enterprises, the introduction of simpler customs documents and a dedicated procedure for commercial litigation and small claims.
Despite the improvement in the latest edition, Indonesian Coordinating Ministry for Economic Affairs Darmin Nasution said Indonesia needs to assign a special team that is tasked to monitor Indonesia's ease of doing business in order to attract more private investment.
The report noted that developing countries carried out more than 75 percent of all detected reforms in the past year, with Sub-Saharan Africa accounting for more than one-quarter of the total. Doing Business Ranking:The Doing Business in South Africa , the second in the sub-national series on South Africa, a new World Bank Group report released on Wednesday has found.
Thailand is ranked 27 among economies in the ease of doing business, according to the latest World Bank annual ratings.
Malaysia: 6th spot in World Bank "Doing Business" report 0 comments. Malaysia has surged to the sixth position among economies in the latest World Bank Doing Business report, putting it ahead of economies such as South Korea, Norway, the United Kingdom, Australia and Finland. Thailand ranked 26th in the World Bank’s Ease of Doing Business report, a surge of 20 ranks on the previous rating and beating the movement of its peers in Asean. Thailand was placed 46th. In the World Bank Doing Business report, India’s Ease of Doing Business rank is a poor in the list of countries. The claims of the Indian politicians that India is a top economy in the world are false; mostly based on fake data.
The rank of Thailand deteriorated to 27 in from 26 in MANILA - The Philippines slipped from 99th place to th among countries in terms of ease of doing business, the World Bank said on Wednesday in its "Doing Business " report.
Among Top 10 Reformers to Improve Business Climate. BANGKOK, November 1, – The World Bank Group’s latest Doing Business report ranks Thailand in 26 th place among economies in the ease of doing business for small and medium enterprises around the world, up from 48 th place when applying the same methodology to last year’s and this year’s data.
The latest World Bank Doing Business report shows Nigeria and South Africa—the continent’s largest economies—have made meager progress over the past year.
South Africa remains ranked 82nd. Ease of doing business index (1=most business-friendly regulations) Close.
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