Ease of doing business ranking ‘expected to improve’

business July 17, 2017 01:00

By The Nation

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The Office of the Public Sector Development Commission (OPDC) expects that Thailand’s ease-of-doing-business ranking by the World Bank this year will improve from the present 46th place, due to its improvement in some areas.

OPDC secretarygeneral Tosaporn Sirisamphan said that he had already informed Prime Minister General Prayut Chanocha on the progress of the World Bank in evaluating the ease of doing business in Thailand. The bank has collected related data in Thailand and will formally announce the country’s ranking in October.

He added that he was informed formally that the World Bank was satisfied with the state agencies’ progress in enhancing the ease of doing business environment in Thailand. The World Bank viewed that Thailand had improved in four out of 10 areas by issuing a number of new laws to promote the ease of business doing here. 

The World Bank earlier advised Thailand to develop a single portal where companies could register to start a business, similar to an existing website in Singapore. He added that in the first year, such a website in Thailand would pilot the granting of 20 types of business licences with the focus on issuing retail business and restauฌrant licences.

Thailand has set aside three years, starting from next year, to finish developing this portal. Next year the site aims to able to grant 61 types of business licence before rising to 150 in 2019 and 300 in 2020.

On July 4, Cabinet approved the draft of the Royal Decree to allow business operators to renew their business licences by just paying a licencerenewal fee, instead of having to reapply and extend the licence terms. 

This law will provide more convenience for businesses. People can just pay the fee to renew their business licences at determined venues such as bank branches, billpayment counters, and other participating channels. Once they pay the fee, their licences will be extended. Currently, they still have to go to the related state agencies to renew their licences.

Tosaporn added that raising awareness among Thai business that they can use online channels to transact with state agencies would help contribute to a better ranking. This was because the World Bank put a strong emphasis on the use of online channels when considering its ease of doing business rankings.