The Office of the Public Sector Development Commission (OPDC) has submitted a report on Thailand’s growth in 10 stages to a research team from the World Bank. The information will be used for the World Bank’s Ease of Doing Business Report for next year.
The OPDC Secretary-General, Pakorn Nilprapunt, said the World Bank’s research team will collecting two types of information, including opinions of legal and financial consulting firms and interviews with government agencies. This year, Thailand has advanced in all aspects, particularly the use of electronic system to enhance various functions, reduce paperwork, and facilitate the workflow by eliminating redundant tasks. As a result, businesses have lower expenses, and the cost of electricity has decreased from 77,050 baht to 2,500 baht. Thailand has also developed business platforms to support people who want to become entrepreneurs.
The World Team’s research team is conducting interviews with different government agencies to gather more information about the business environment in Thailand, and this would increase investment confidence in the country. The research team will measure the services provided by the government, ranging from starting a business to resolving insolvency. The 10 stages include starting a business, dealing with construction permits, getting electricity, registering property, obtaining credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. The World Bank will use these information to complete its Ease of Doing Business Report for 2020.
