Thailand jumps to 26th in the World Bank's Ease of Doing Business report
Thailand jumped 20 ranks to reach 26th out of 190 countries in the World Bank’s latest report on Ease of Doing Business in 2018, up from number 46 in 2017. The country’s score was based on key improvements made by the government in the past year. Those included business reforms that enable entrepreneurs to start a business in 4.5 days, down from the previous 27.5 days. starting a business in Thailand used to take 27.5 days. Other reforms include the elimination of the requirement for a company seal, previously every certificate of shares had to have both a director’s signature and the company seal. The government also Thailand repealed the requirement to obtain approval of the company’s work regulations from the Labour Department, previously a company with 10 employees or more were required to submit their work regulations for approval, now they are checked during regular labor inspections. Other improvements were made in getting electricity, getting credit, protection of minor investors, tax payment and
enforcing contracts. Thailand is third in ASEAN, Singapore ranked 2nd overall and Malaysia 24th. Other ASEAN countries that saw improvement include Brunei at 56 (up 16), Vietnam at 68th (up 14) andIndonesia at 72nd (up 19). The Philippines dropped 14 to 113th. Cambodia dropped 4 to 135th, Laos dropped 2 to 141st, and Myanmar dropped 14 to 171st. Thailand has climbed steadily up the rankings for the past three years.
Thai AirAsia plans on expanding routes to Phuket, adding direct Phuket – Khon Kaen flights in December and Phuket – Macau flights in January. The airline currently operates 11 routes out of Phuket. The flights to Khon Kaen will operate four times a week while the Macau flights will be daily. VietJet Air is adding routes with flights linking Chiang Mai and Phuket to Ho Chi Minh City starting in December. NokScoot has just appointed a new CEO and plans on new routes linking Bangkok to Xian this month, followed by India, Japan, and South Korea later. Nok Air launched its first Mae Sot – Yangon flight last month and will operate 5 times a week, if the route proves popular the airline will consider adding flights in the future.
International arrivals to Thailand rose during the period from January 1 to October 29 according to the Deputy Prime Minister to a total of 28.64 million, generating revenues of 1.45 trillion baht. While figures for the last few days of October were still being compiled at the time of the report by the Deputy Prime Minister, in October alone the number of visitors increased 20.17 percent contributing 129.8 billion baht in revenues. The Ministry of Tourism and Sports is organizing 183 tourist events from November this year to September 2018 for the Amazing Thailand Tourism Year 2018.