Malaysia has been crowned as the best country in the world to invest in or do business for 2018, according to the CEOWORLD magazine.
Poland took silver, followed by Philippines (No. 3), Indonesia (No. 4), and Australia (No. 5). Ranked number 1 among 50 countries, Malaysia continues to be the most attractive destination for investors and businessmen.
Thailand ranked number 10, or fourth country of the Asean block after Malaysia, the Philippines and Singapore
|1||Malaysia||31.2 million||$296.4 billion|
|2||Poland||37.9 million||$469.5 billion|
|3||Philippines||103.3 million||$304.9 billion|
|4||Indonesia||261.1 million||$932.3 billion|
|5||Australia||24.1 million||$1.2 trillion|
|6||Singapore||5.6 million||$297.0 billion|
|7||India||1.3 billion||$2.3 trillion|
|8||Czech Republic||10.6 million||$192.9 billion|
|9||Spain||46.4 million||$1.2 trillion|
|10||Thailand||68.9 million||$406.8 billion|
The rankings were based on 11 different factors including corruption, freedom (personal, trade, and monetary), workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness. Each category was equally weighted.
The rankings had Singapore in sixth place, followed by India, Czech Republic, Spain, and Thailands. The United Kingdom, the United States, China, and Japan ranked 16th, 18th, 24th, and 32nd, respectively, among the world’s 50 best countries to invest in or do business for 2018 World’s Best Countries To Invest In Or Do Business For 2018 | CEOWORLD magazine
Large Shopping Malls in Bangkok Will Be Closed until July 25th
Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.
Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak
The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.
The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.(more…)
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