The report also recognises Thailand as one of top 10 economies that have improved most in the ease of doing business in the last year. “In addition to improving the regulatory framework that was an obstacle to doing business by invoking Section 44, the government also supported the development of a comprehensive Doing Business portal to be launched in 2019 to provide easier and faster services for business owners,” said Thossaporn Srisamphan, secretary-general, Office of the Public Sector Development Commission (OPDC). “Thailand has made immense progress in doing business reforms this past year, with strong government leadership at the highest levels,” said Ulrich Zachau, World Bank director for Thailand, Malaysia and Regional Partnerships. We look forward to continuing our strong partnership with Thailand in support of a strong business environment, and more good jobs for more people all across the country." This year’s “Doing Business” report includes a case study that highlights successful insolvency reform in Thailand and lessons learned for other economies.

Source: The Nation Bangkok November 01, 2017 08:15 UTC