Thailand ranked 17 in Doing Business Report 2012
Thailand is ranked the 17th in terms of ease of business doing, according to World Bank's Doing Business 2012 report.
In East Asia and Pacific, Thailand's ranking is the third, following Singapore and Hong Kong.
Released today, the report put Singapore as the country with the highest ease of doing business and the most conducive regulatory environment for the starting and operation of a local firm. In 10 areas of business regulation, Thailand's ranking stays high mainly by the ease of getting electricity (9), but its ranking is the lowest (78) in the area of starting a business.
Globally, Morocco improved its business regulation the most compared to other global economies, climbing 21 places to 94, by simplifying the construction permitting process, easing the administrative burden of tax compliance, and providing greater protections to minority shareholders. Since 2005, Morocco has implemented 15 business regulatory reforms.
Besides Morocco, 11 other economies are recognised as having the most improved ease of doing business across several areas of regulation as measured by the report: the former Yugoslav Republic of Macedonia, São Tomé and Príncipe, Latvia, Cape Verde, Sierra Leone, Burundi, the Solomon Islands, the Republic of Korea, Armenia, and Colombia.
The Republic of Korea was a new entrant to the top 10.
