Skip to main content

Doing Business 2009



International Finance Corp. / September 10, 2008 Regulatory reforms are gaining momentum worldwide, reaching record numbers this year, finds Doing Business 2009—the sixth in a series of annual reports published by IFC and the World Bank. The new report identifies 239 reforms between June 2007 and June 2008 that make it easier to do business in 113 economies.

For the fifth year in a row, Eastern Europe and Central Asia led the world’s regions, with more than 90 percent of its countries making reforms. And the trend is moving eastward as newcomers join the list of economies making the most reforms. Azerbaijan is the world’s leading reformer of business regulations this year, with improvements in seven of the 10 areas studied by the report.

Africa also had a record year for regulatory reforms, with 28 countries completing 58 reforms that make it easier to do business—more than in any other year. And three of the world’s top 10 economies that reformed their business regulations are from the region. The top 10 are, in order, Azerbaijan, Albania, the Kyrgyz Republic, Belarus, Senegal, Burkina Faso, Botswana, Colombia, the Dominican Republic, and Egypt.

Doing Business ranks economies based on 10 indicators of business regulation that record the time and cost to meet government requirements in starting and operating a business, trading across borders, paying taxes, and closing a business. The rankings do not reflect such areas as macroeconomic policy, quality of infrastructure, currency volatility, investor perceptions, or crime rates.

Singapore leads the global rankings on the overall regulatory ease of doing business for a third consecutive year. New Zealand is runner-up, and the United States third. Bahrain and Mauritius join the ranks of the top 25 this year.

“Economies need rules that are efficient, easy to use, and accessible to all who use them. Otherwise, businesses are trapped in the unregulated, informal economy, where they have less access to finance and hire fewer workers and where workers lack the protection of labor law,” said Michael Klein, World Bank/IFC Vice President for Financial 2121 Pennsylvania Avenue, N.W. Washington D.C. 20433 Telephone 202-473-3800 Fax 202-974-4394 and Private Sector Development. “Doing Business encourages good rules, and good rules are a better basis for healthy business than ‘who you know,’” he added.

In Africa, other economies making the most reforms of business regulations include two postconflict countries, Liberia and Sierra Leone, along with Rwanda. Half the economies in Latin America made such reforms, while in the Middle East and North Africa and in East Asia nearly two-thirds did.

Seven OECD high-income economies, including Canada, Greece, Hungary, and Portugal, made regulatory reforms this year. Among the large emerging markets, China led the way—reforms there make it easier to access credit, pay taxes, and enforce contracts. South Africa has made it easier to start a business and pay taxes. Brazil and India both eased trade processes.

“Economies worldwide are increasingly committed to their agendas for business-friendly reforms,” said Penelope Brook, Director, World Bank/IFC Financial and Private Sector Development Vice Presidency and a coauthor of the report. “We find newcomers looking to earlier reformers of businesses regulations. We are also seeing more such reforms in Africa, with many economies getting inspiration from the top-ranked African countries."

Doing Business ranks 181 economies on the overall ease of doing business. The top 25 are, in order (previous year's position):

1) Singapore (1)

2) New Zealand (2)

3) the United States (3)

4) Hong Kong (4)

5) Denmark (5)

6) the United Kingdom (6)

7) Ireland (8)

8) Canada (7)

9) Australia (9)

10) Norway (11)

11) Iceland (10)

12) Japan (12)

13) Thailand (15)

14) Finland (13)

15) Georgia (18)

16) Saudi Arabia (23)

17) Sweden (14)

18) Bahrain

19) Belgium (19)

20) Malaysia (24)

21) Switzerland (16)

22) Estonia (17)

23) Korea (30)

24) Mauritius (27)

25) Germany (20)

Though Malaysia has improved up the rankings, for my life I cannot understand how Malaysia can lag Thailand? PEMUDAH, may have its detractors, but that is the way forward. The newly emerging countries of Europe are doing very nicely thank you: Georgia and Estonia.

p/s photos: Kata Rosa

Comments

Datuk said…
Dear Dali,

I wouldn't be surprised at all to understand that the ranking for Thailand is better than in Malaysia. This is based on my experience when dealing with the respective regulators particularly during the business set-up and permits and licenses renewal in these two countries.

In fact....i am surprised with the ranking of Malaysia has been improved. Perhaps.....other countries might have been moving backward or Malaysia has been moving forward in real sense ??

Honously speaking...i didn't felt the improvement yet. The last application for various permits that i applied was in 2007 and till today nearly mid sept 2008...still pending for approval. It's really a sickening matter...

I hoped Pemudah is a trigger point for the meaningful changes but not at just for the publicity only ...
Felix said…
http://www.anthologia.net/azerbaijan-top-reformer-from-doing-business-2009/

Popular posts from this blog

My Master, A National Treasure

REPOST:  Its been more than two years since I posted on my sifu. This is probably the most significant posting I had done thus far that does not involve business or politics. My circle of close friends and business colleagues have benefited significantly from his treatment.


My Master, Dr. Law Chin Han (from my iPhone)

Where shall I start? OK, just based on real life experiences of those who are close to me. The entire Tong family (Bukit Kiara Properties) absolutely swear that he is the master of masters when it comes to acupuncture (and dentistry as well). To me, you can probably find many great dentists, but to find a real Master in acupuncture, thats a whole different ballgame.


I am not big aficionado of Chinese medicine or acupuncture initially. I guess you have to go through the whole shebang to appreciate the real life changing effects from a master.


My business partner and very close friend went to him after 15 years of persistent gout problem, he will get his heavy attacks at least…

PUC - An Assessment

PUC has tried to reinvent itself following the untimely passing of its founder last year. His younger brother, who was highly successful in his own right, was running Pictureworks in a number of countries in Asia.

The Shares Price Rise & Possible Catalysts

Share price has broken its all time high comfortably. The rise has been steady and not at all volatile, accompanied by steady volume, which would indicate longer term investors and some funds already accumulating nd not selling back to the market.


Potential Catalyst #1

The just launched Presto app. Tried it and went to the briefing. Its a game changer for PUC for sure. They have already indicated that the e-wallet will be launched only in 1Q2018. Now what is Presto, why Presto. Its very much like Lazada or eBay or Alibaba. Lazada is a platform for retailers to sell, full stop. eBay is more for the personal one man operations. Alibaba is more for wholesalers and distributors.

Presto links retailers/f&b/services originators with en…

How Long Will The Bull Lasts For Malaysia

Are we in a bull run? Of course we are. Not to labour the point but I highlighted the start of the bull run back in January this year... and got a lot of naysayers but never mind:






























p/s: needless to say, this is Jing Tian ... beautiful face and a certain kind of freshness in her looks and acting career thus far



http://malaysiafinance.blogspot.my/2016/12/bank-negara-may-have-switched-on-bull.html


I would like to extend my prediction that the bull run for Bursa stocks should continue to run well till the end of the year. What we are seeing for the past 3 weeks was a general lull where volume suddenly shrunk but the general trend is still intact. My reasons for saying so:

a) the overall equity markets globally will be supported by a benign recovery complemented by a timid approach to raising rates by most central banks

b) thanks to a drastic bear run for most commodities, and to a lesser extent some oil & gas players, the undertone for "cost of materials" have been weak and has pr…