Higher ranking on ease of doing business index eyed
The government is hopeful for a better ranking i n t he World Bank’s 2018 Ease of Doing Business report, saying much has been done to make Thailand more business-friendly.
Suvit Maesincee, the Prime Minister’s Office minister, said state agencies in particular have improved their work processes and cut red tape, for example, reducing the time for establishing a business from 25.5 days to two.
The amended Bankruptcy Act has also come into force, while the government is revving up efforts to i mplement Thailand National Single Window (NSW), an electronic system facilitating the i mport and export procedures for 36 state agencies and the private sector.
During a meeting last week of the National Logistic Development Committee chaired by Deputy Prime Minister Somkid Jatusripitak, the Customs Department was tasked with establishing a special unit to speed up the development of Thailand NSW, he said.
Thailand NSW was initiated in accordance with an Asean agreement to establish and implement the Asean Single Window. The Customs Department and Finance Ministry were appointed by the government to spearhead the establishment of Thailand’s NSW with other relevant agencies in December 2005.
Thailand NSW began operating in 2008 and was officially kicked off in October 2011. The system has more than 10,000 subscribers serving 100,000 trading companies with more than 36 authorities participating. The transaction amount handled by Thailand NSW is 6.5-7 million messages a month, including government-to-government and government-tobusiness secure transactions.
Mr Suvit said e-customs service will be made available this month to connect the Customs Department with the Port Authority of Thailand and operators of private ports.
Meanwhile, the government has amended the Labour Protection Act by abolishing requirements that firms send working rules and regulations to the Labour Protection and Welfare Department. The government has also launched electronic registration for juristic persons, he said.
Thailand’s ranking i n t he World Bank’s Ease of Doing Business report, which surveyed 190 countries, climbed to 46th from 49th last year. Thailand ranked ninth in Asia, trailing only Singapore and Malaysia in Asean.
The country is in desperate need of new private investment to help drive sustainable economic growth. Thailand is Southeast Asia’s second-largest economy after Indonesia.
The World Bank’s 2018 report is expected to be issued in October.