EASE OF DOING THE BIG PICTURE – REFORMS MAKING IT … · THE BIG PICTURE – REFORMS MAKING IT EASIER TO DO BUSINESS IN FAIR BIZ COUNTRIES AREAS OF BUSINESS REGULATION IN FOCUS
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EASE OF DOING BUSINESS 2020:
Based on World Bank’s Doing Business 2020 report
THE BIG PICTURE – REFORMS MAKING IT EASIER TO DO BUSINESS IN FAIR BIZ COUNTRIES
AREAS OF BUSINESS REGULATION IN FOCUS
REFORMS IMPLEMENTED BY FAIR BIZ COUNTRIES IN 2018/2019
Over the past 5 years, Fair Biz target countries have been continuously implementing regulatory reforms in pursuit of a better business environment. All 6 countries have secured steady improvement in their ease of doing business score, with the 5-year growth rate averaged at 10%. Countries with the most notable improvement are Indonesia (5-year growth percentage at 12%) and Myanmar, which rose out of the bottom 20 to a ranking of 165 over the past year.
40
90
2016 2017 2018 2019 2020 EconomiesScore
80
70
60
50
Singapore
Brunei Darussalam
Cambodia
Lao PDR
Bot
tom
20
Malaysia
Thailand
Viet Nam
Indonesia
Myanmar
The Philippines
5Y growth
%
2%
22%
2%
5%
4%
11%
11%
12%
11%
8%
2020rank
(1-190)
2
66
144
154
12
21
70
73
165
95
Fair Biz Countries
Indonesia
Malaysia
Myanmar
Philippines
Thailand
Viet Nam
Starting a business
Opening a business
Getting electricity
Getting credit
Paying taxes Enforcing contracts
Dealing with construction
permits
Registering property
Protecting minority investors
Resolving insolvency
Top
20
Indonesia made starting a business easier by introducing an online platform for business licensing and replacing hard copies with electronic certificates.
Myanmar introduced an online platform for company registration and reduced incorporation fees.
The Philippines abolished the minimum capital requirement for domestic companies.
Starting a business
To incorporate a business, it takes
OECD average* = 9.2 days
*OECD high income average
OECD average = 152.3 days OECD average = 7.4/8 OECD average = 6.6/10 OECD average = 11.7/18
33 days in Philippines
6 days in Thailand
Myanmar strengthened construction quality control by imposing stricter qualification requirements for architects and engineers and making building permitting requirements available online. Myanmar also improved its water and sanitation infrastructure and made the building permitting process more efficient by introducing service quality standards.
Dealing with construction permits
To obtain a construction permit, it takes
41 days in Malaysia
200 days in Indonesia
Indonesia (Surabaya) improved the reliability of power supply following renovations to and enhanced maintenance of its electrical grid. Indonesia (Surabaya) also made obtaining new electrical connections faster thanks to higher generation capacity.
The reliability of supply and transparency of tariffs index
Getting electricity
8/8Malaysia and
Thailand
1/8Myanmar
Myanmar strengthened minority investor protections by requiring greater disclosure of transactions with interested parties, increasing director liability, and requiring greater corporate transparency
The Philippines enhanced minority investor protections by requiring greater disclosure of transactions with interested parties and enhancing director liability for transactions with interested parties.
The extent of disclosure index
Protecting minority investors
10/10Indonesia,
Malaysia and Thailand
4/10Myanmar
Indonesia made enforcing contracts easier by introducing an electronic case management system for judges. This reform applies to both Jakarta and Surabaya.
Myanmar made enforcing contracts easier by publishing performance measurement reports.
Thailand47 th
Philippines171 st
Indonesia110 th
Malaysia2 nd
Myanmar 148 th
Malaysia4 th
Myanmar 176 th
Malaysia2 nd
Myanmar 187 th
Malaysia35 th
The quality of judicial processes index
Enforcing contracts
13/18Malaysia
4/18Myanmar
Trading across
borders
Operating in a secure business environmentDealing with day-to-day operationsAccessing financeGetting a location
FAIR BIZ COUNTRIES PERFORMANCE AND REFORMS
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