Thailand falls 3 places in Doing Business ranking
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Thailand has retained its position among the top 50 economies worldwide and has ranked third among Asean countries on the ease of doing business, though falling three places from the previous annual survey, according to a new World Bank Group report.
Thailand is ranked 49 among 189 economies in 2015, compared with 46 in 2014, according to "Doing Business 2016: Measuring Quality and Efficiency".
From ten areas used for the annual ease of doing business measurement, Thailand showed an improvement only in the issuance of construction permits.
Elsewhere, for the 10th consecutive year, Singapore ranks number one in the world. Also among the top 20 economies are New Zealand (ranked 2), Republic of Korea (4), Hong Kong SAR, China (5), Taiwan, China (11), Australia (13) and Malaysia (18).
