SL ranks 99 in World Bank’s ‘Doing Business’ report

Sri Lanka ranked 99 among the 189 countries surveyed for the latest World Bank’s “Ease of Doing Business” report as Singapore topped the list, while India ranked 142 place.

Singapore with 88.27 points occupies the top position in the ease of doing business followed by New Zealand, Hong Kong, Denmark and South Korea respectively.

Among other major countries, the US has been ranked seventh, Britain (eight), China (90), Philippines (95) Nepal (108), Maldives (116), Bhutan (125), and Pakistan (128).

“‘Doing Business’ measures a slender segment of the complex organism that any modern economy is,” admitted World Bank chief economist Kaushik Basu in a forward to the report. 

The UAE, ranked 22, leads the Middle East rankings. Other Gulf states received the following positions: Qatar (50), Bahrain (53) Oman (66) and Kuwait (86)

Doing Business 2015: Going Beyond Efficiency, a World Bank Group flagship publication, is the 12th in a series of annual reports. 

The top 10 was filled out by Denmark, South Korea, Norway, the US, Britain, Finland and Australia, mostly the same developed economies as in previous years.