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| Thailand ranked 13th in Doing Business 2009 report |
Thailand is among economies that showed the greatest momentum in reforming business regulations this year, according to Doing Business 2009 report published by IFC and the World Bank that ranked the country on 13th place, six levels up from the previous survey.
Released on September 10th, the new report identifies 26 reforms between June 2007 and June 2008 that make it easier to do business in 24 economies across the region.
Doing Business 2009 ranks 181 economies on the overall ease of doing business. The top 25 are, in order, Singapore, New Zealand, the United States, Hong Kong (China), Denmark, the United Kingdom, Ireland, Canada, Australia, Norway, Iceland, Japan, Thailand, Finland, Georgia, Saudi Arabia, Sweden, Bahrain, Belgium, Malaysia, Switzerland, Estonia, Korea, Mauritius, and Germany.
Doing Business ranks economies based on 10 indicators of business regulation that track the time and cost to meet government requirements in starting and operating a business, trading across borders, paying taxes, and closing a business.
(Source: The Nation Newspaper)
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