September 30, 20241 yr Thailand’s Business Ease Ranking Drops in Asia-Pacific Thailand’s ranking for business ease in the Asia-Pacific region has dropped from 9th place in 2022 to 12th in 2023, according to a survey by the Asia Securities Industry and Financial Markets Association (ASIFMA). The survey assessed market development, operating environment, and regulatory framework across 13 economies, with Singapore ranking first. Thailand’s decline reflects challenges in competitiveness and cost efficiency, though it maintained strengths in payment infrastructure and regulatory flexibility. With only 40% of businesses planning to expand in the region, Thailand faces increasing difficulties for future business growth.
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