Doing Business 2020 Thailand - Overall Ranking
Ease of Doing Business (EoDB) report by the World Bank Group ranks economies
based on their performance on 10 indicators throughout the business lifecycle.
The World Bank collects data from a survey completed by expert respondents
namely government officials, private sectors, and World Bank’s regional staffs
on the implementation of relevant laws and regulations in practice to assess
business environment in each economy. In its Doing Business 2020 report, the
World Bank Group ranked Thailand 21st among the 190 participating economies
worldwide on the overall assessment.
Protecting Minority Investors
The SEC office has involved and supported in the Protection of Minority Investors Topic along with the Department of Business Development, the Ministry of Commerce. This topic measures the strength of minority shareholder protection against directors' misuse of corporate assets for their personal gain as well as shareholder rights, governance safeguards and corporate transparency requirements for listed companies. Positive results on this topic promote investors' confidence which would benefit businesses, the capital market and Thai economy. The index and description are as follows:
Legal Protection and Key Developments
Thailand's ranking in Protecting Minority Investors has risen from the 15th to 3rd this year with
the ease of doing business overall score of 80.10%. Compared with other East Asia & Pacific economies, Thailand and Singapore are at the 2nd place while Malaysia is in the lead.
The higher ranking based on the Protecting Minority Investors Index was due to the initiative on communication strategy. By using a conference call with the World Bank assessors in Washington D.C., the Thai SEC, together with the Court of Justice and the Department of Business Development, the Ministry of Commerce, were able to clarify and create better understanding of the application and the spirit of the relating Acts and regulations made thereunder.
Reformation and Legal Framework