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Ministry aims for top 10 in ease of business index

BUSINESS: The Ministry of Commerce is to simplify business-related procedures and improve online services in a bid to push Thailand up into the top 10 in the World Bank’s Ease of Doing Business Index. Thailand is currently ranked 19th out of a total of 183 countries in the index.

Saturday 10 September 2011, 08:23AM

According to the World Bank, a high ranking means that country’s regulatory environment is conducive to business operations.

Deputy Commerce Minister Siriwat Kajornprasart said the Department of Business Development was assigned to manage the matter in accord with the government’s policy to strengthen the domestic economy with improved business governance so that the country is more attractive for business operations.

As well as reducing complicated procedures and improving online government services by expanding them to the provinces, Thai entrepreneurs, including small- and medium-sized enterprises, should be promoted for business quality and management innovation, said Mr Siriwat.

Business governance, the understanding of law, and law enforcement are key, while the Business Development Department must closely monitor entrepreneurs’ management and build a balance between businesses belonging to Thais and to foreigners,” Mr Siriwat said. – MCOT



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