New Zealand took the top spot among 190 countries in this year's ranking of the World Bank's Doing Business 2017 (DB 2017) report that was released today. He added that the Malaysian government is steadily working towards improving its business regulatory environment and that it is encouraging to see these reforms which ease the process of doing business for entrepreneurs. Faris also said Malaysia retained its spot this year as the third best economy in the world in terms of protecting minority investors. Among the topics that Malaysia has the lowest ranking are starting a business, paying taxes and trading across borders. The World Bank Group is of the view that Malaysia has continued its efforts to improve the business climate for local entrepreneurs despite the drop in its ranking and DTF score.

Source: The Edge Markets October 26, 2016 06:33 UTC