ThaiHome Posted September 10, 2009 Report Share Posted September 10, 2009 Thailand 12th easiest for doing business Writer: DARANA CHUDASRI Published: 10/09/2009 at 12:00 AM Newspaper section: Business Link Thailand remains a friendly country for doing business, ranking 12th out of 183 nations in an annual survey by the World Bank and International Finance Corp. Thailand had a modest improvement in the Doing Business 2010 report compared with last year, when it ranked 13th out of 181 nations. (The data were later revised to show a ranking of 12th). Singapore, New Zealand and Hong Kong led the 2010 list. This year's report focused on business reforms, with the World Bank noting that 131 out of 183 economies had reformed business regulations, including 17 out of 24 economies in Asia. The report examines the procedures required by countries for various business transactions, but does not consider the investment climate or political risk. Indonesia was the region's most active reformer, with its rank rising to 122nd this year from 129th last year thanks to cuts in the time to start a business and transfer property. Indonesia also strengthened disclosure requirements for related-party transactions, helping improve investor protection rules. Penelope Brook, acting vice-president for financial and private sector development at the World Bank, said Thailand could do more to improve areas such as transparency and investor protection. Thailand ranked relatively well in terms of property registration, trade, investor protection and ease in dealing with construction permits. But in paying taxes, the country ranked 88th, six places lower than last year, while the ranking for getting credit fell to 71st from 74th. Kirida Bhaopichitr, senior country economist for the World Bank in Bangkok, said Thailand benefited from improvements in the time and procedures needed to register a business and reduced bureaucracy in customs clearance. But she said Thailand and other Asian countries still had room for improvement. The country had made improvements in improving the business environment, said Thossaporn Sirisamphan, secretary-general of the Office of the Public Sector Development Commission. "The report in 2006 ranked us 20th out of 170 countries. [it] woke us up to the importance of reform," he said. Bureaucratic reform, improved teamwork and co-ordination among agencies such as the Land Department, Commerce Ministry and Revenue Department had helped facilitate business, he said. Authorities wanted to expand reform beyond the civil service to local administrations, said Mr Thossaporn. "Breaking into the top 10 is a challenge. We have not set a timeframe for this." Integrating databases between the Revenue Department, Labour Department, Commerce Ministry and the Social Welfare Department had helped improve efficiency in various processing areas, added Pranee Phasipol, chief inspector-general of the Commerce Ministry. Doing Business Link to comment Share on other sites More sharing options...
CTO Posted September 10, 2009 Report Share Posted September 10, 2009 Database integration isn't done yet - but it's talked about so that's ok. It is pretty easy for locals to do things - IF they live near government offices etc. Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted September 10, 2009 Report Share Posted September 10, 2009 Database integration isn't done yet - but it's talked about so that's ok. It is pretty easy for locals to do things - IF they live near government offices etc. It also helps to know somebody. Link to comment Share on other sites More sharing options...
CTO Posted September 11, 2009 Report Share Posted September 11, 2009 Nah- oddly effecient - getting passports easier than in Australia - ATM cards - many things are streamlined Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.