The reforms behind Myanmar’s climb up the ease of doing business index

Description: 

"In an endorsement of ongoing efforts to reform the economy, Myanmar has been named one of the top-20 most-improved countries in the World Bank’s 2020 ease of doing business index. The index – part of the “Doing Business 2020” report – lists the economies that have recorded the greatest improvement in their ease of doing business score. The bank identified five recently implemented initiatives that have strengthened the business environment. In terms of regulatory and legal measures, the reforms cited include the City of Yangon’s decision to impose stricter qualification requirements for architects and engineers, along with a new companies law that strengthens minority investor protections and boosts transparency by mandating fuller disclosure of transactions. To streamline bureaucratic processes, the government, via the Directorate of Investment and Company Administration, launched an online company registration platform, simultaneously digitising and merging several previously existing procedures..."

Source/publisher: 

"The Borneo Post" (Malaysia)

Date of Publication: 

2019-12-08

Date of entry: 

2019-12-08

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar

Geographic coverage: 

Global

Language: 

English

Resource Type: 

text

Text quality: 

    • Good