Thailand's ranking shows no change
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Out of 189 economies, Thailand ranked the 18th in World Bank's Doing Business 2014 Report.
The ranking did not show even a slight change, standing at the 18th for the second year in a row.
In 2012, Thailand ranked the 17th.
The report was released in October, 2013
The economy showed a sharp improvement in terms of tax payment, but deterioration was witnessed in the areas of the process to register and start businesses.
Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year’s report data cover regulations measured from June 2012 through May 2013. The report is the 11th edition of the Doing Business series.
The report showed that Worldwide, 114 economies implemented 238 regulatory reforms in 2012/13 making it easier to do business as measured by Doing Business - 18 per cent more reforms than in the previous year.
Singapore topped the global ranking on the ease of doing business. Joining it on the list of the top 10 economies with the most business-friendly regulatory environments are Hong Kong SAR, China; New Zealand; the United States; Denmark; Malaysia; the Republic of Korea; Georgia; Norway; and the United Kingdom.
Doing Business collected data for the first time this year in four economies: Libya, Myanmar, San Marino, and South Sudan.
