Ease of Doing Business 2016 Report: Malaysia ranks 18th in the World.

Released recently in late October 2015, the "Doing Business 2016: Measuring Quality and Efficiency" Report finds that East Asia and the Pacific is the second most represented region, after Europe, in the world's top 20 economies.

For the 10th consecutive year, Singapore ranks number one in the world on the World Bank Group's annual ease of doing business measurement. Thailand ranked third place among ASEAN countries on the ease of doing business after Singapore and Malaysia.

Other economies in the Asia Pacific region among the top 20 economies are New Zealand (at No. 2), South Korea (4), Hong Kong (5), Taiwan (11), Australia (13) and Malaysia (18). Malaysia improved from the 20th spot in 2014. 

The report recognised Malaysia with the most business-friendly regulations, and acknowledged the country’s significant improvements in regulatory processes.

Among the 189 global economies, Malaysia is ahead of Switzerland (26th), France (27th), Netherlands (28th), Japan (34th), United Arab Emirates (31st), Thailand (49th), China (84th) and India (130th).

/Bernama 28-10-2015

 

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