Despite reforms, PH 124th in ease of doing business

Anna Jefferson
November 2, 2018

The latest ranking of 190 countries was topped by New Zealand followed by Singapore and Denmark.

According to the report, among south Asian neighbours, Pakistan's regional average score stands at 56.71, with China at 73.6, India at 67.23, and Bangladesh at 41.97. China has carried out massive reforms and where it outshone India is the key area of registering property.

President Uhuru Kenyatta has challenged the ministry of lands to speed up reforms to propel the country to position 50 in the ease of doing business. "The reform applies to both Karachi and Lahore, the two cities measured by the Doing Business report".

As a result, the country significantly improved its global ranking in this area to 53, from 82 past year.

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Leiking said Malaysia's ranking at 15th was due to the World Bank recognising the government's numerous regulatory reforms and improvements.

"While the World Bank has taken governments to task by fostering an enabling environment characterized by efficient business regulations, so must the World Bank exercise responsibility and greater transparency in its methodology". This means that in the a year ago Rwanda has improved its business regulations as captured by the report indicators in absolute terms.

Perhaps unsurprisingly, Malta fared best in the area of "Dealing with construction permits", where the country was ranked in a global 45 position.

Thailand's Ease of Doing Business (EODB) score, an absolute measure of the country's progress toward global best practice, rose to 78.45 this year, up from 77.39 last year.

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"We will continue to oversee and be responsible for ensuring that efforts to improve ease of doing business are implemented rapidly so that public services can increase convenience for doing business and help enhance people's lives", he said.

"Given the current economic environment in Turkey, it is, nevertheless, encouraging to the global business community and local entrepreneurs alike to see the process of conducting business simplified in so many doing business areas", Zutt said. It also improved building quality control by introducing decennial liability and insurance. The World Bank ranks countries on 10 parameters, and, on five, India's rank is low: Starting a business (137); Registering property (166); Paying taxes (121); Enforcing contracts (163); and Resolving insolvency (108). The reforms resulted in reducing the time needed to register a property by 13 days. Further, India reduced the time and cost of export and import through various initiatives, including the implementation of electronic sealing of containers, the upgrading of port infrastructure and allowing electronic submission of supporting documents with digital signatures, it said.

The Getting Credit score slid to 5 from 30 past year, even as it said that credit for micro, small and medium enterprises grew 19% - which is the fastest in the region, according to the Finance department.

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