Government officials and private business people discuss efforts to improve ease of doing business ranking in 2019

Departmental officials and private businesspeople on February 26 held talks on efforts to improve the Ease of Doing Business Ranking in 2019.

The discussion was held at the office of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).

Myanmar faces slow economy as it stands 171^st among 190 countries in the ease of doing business ranking. Some foreign investors have reviewed that the slow economy is due to the lack of infrastructure and weak policies.

The World Bank has issued questionnaires for 2019 to local and foreign entrepreneurs so that they can help ease doing business and improve economy.

The participants at the UMFCCI meeting also discussed ways to give precise answers to the questionnaires.

Zeya Thura Mon of Zeya & Associates Co Ltd drew comparisons among New Zealand, Singapore, Malaysia, Thailand, India and Myanmar with regard to the ease of doing business ranking. He also called for the need to effectively deal with the questionnaires.

Director General Aung Soe from the Ministry of Commerce said: "We must try to improve the ranking as well as our businesses."

The meeting focused on three titles—dealing with construction permit, paying tax and trading across borders. It was also attended by Deputy Minister for Commerce Aung Htoo and members of the statistical support group.       

(Eleven Media Group: http://www.elevenmyanmar.com/business/13510 )

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