BANGKOK: Prime Minister Gen. Prayut Chan-o-cha has instructed relevant agencies to improve business and investment opportunities, after the World Bank revised down Thailand’s rank to 49th from 46th for ‘Ease of Doing Business.’ According to Government Spokesperson Maj. Gen. Sansern Kaewkamnerd, Thailand placed 49th out of 189 countries for ease of doing business in the country.
The World Bank’s “Doing Business 2016” report evaluates business regulations in each of the 189 countries. The Prime Minister wants every sector involved in promoting investment growth to make it easier for entrepreneurs to invest in the Kingdom. Gen. Prayut said that entrepreneurs should be made aware of the all investment benefits and incentives. He hopes that Thailand will be ranked higher in the next report.
