The World Bank has placed Sri Lanka at 107th out of 189 countries in the latest report on the Ease of Doing Business rankings 2016.
The Doing Business report records 22 economies worldwide with resolution times above 1,000 days and four of them are in the South Asia region, namely Afghanistan, Bangladesh, India and Sri Lanka.
Sri Lanka made starting a business easier by eliminating the requirement to notify the Registrar of Companies of the payment of stamp duty for the initial issuance of shares.
According to the report, Singapore secured the first place followed by New Zealand, Denmark, South Korea, Hong Kong, Britain and the US. India is placed 130th while Pakistan is placed 138th.In protecting minority investors, Sri Lanka ranks 49th while in getting credit it is now placed at the 97th spot.
www.dailynews.lk
The Doing Business report records 22 economies worldwide with resolution times above 1,000 days and four of them are in the South Asia region, namely Afghanistan, Bangladesh, India and Sri Lanka.
Sri Lanka made starting a business easier by eliminating the requirement to notify the Registrar of Companies of the payment of stamp duty for the initial issuance of shares.
According to the report, Singapore secured the first place followed by New Zealand, Denmark, South Korea, Hong Kong, Britain and the US. India is placed 130th while Pakistan is placed 138th.In protecting minority investors, Sri Lanka ranks 49th while in getting credit it is now placed at the 97th spot.
www.dailynews.lk
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