Business rankings edge up

Cambodia improved its ranking for the ease of doing business from 133 last year to 127 in 2015, making marked progress in the number of days and procedures required to start a business, though it is still ranked well below the world average, according to a World Bank study released yesterday.

The Doing Business 2016 report ranks Cambodia behind most of its fellow ASEAN member states, save for Laos and Myanmar. The critical issue of ease of starting a business continues to register a dismal ranking of 180 out of 189 countries, only a slight improvement from the 184 it placed last year.

“It is true that Cambodia drastically reduced time and procedures to open a business, but the ranking is relative and other economies are doing better than Cambodia,” said Jean Arlet, who co-authored the annual report.

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