Thailand's ranking in ease of doing business dropped one place to 27th out of 190 economies, according to a World Bank report released on Thursday.
Thailand's Ease of Doing Business (EODB) score, measuring the country's progress toward global best practice, reached 78.45 this year, up from 77.39 last year, according to the World Bank's Doing Business 2019.
"Thailand continues to demonstrate its commitment to improving the business climate for private enterprise. This will help the people of Thailand get better jobs that will lead to improved living conditions. The World Bank looks forward to continuing our support to help the country succeed in adopting global best practices, especially in areas where there is room for improvement," said Mara Warwick, World Bank country director for Thailand, Brunei, Malaysia and Philippines.
Pakorn Nilprapunt, secretary-general of the Office of the Public Sector Development Commission expressed delight of the World Bank report.
"We will continue to oversee and be responsible for ensuring that efforts to improve ease of doing business are implemented rapidly so that public services can increase convenience for doing business and help enhance people's lives," said Pakorn.
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