Written by Bella Dalima
29 Oct, 2014 | 8:55 pm
Sri Lanka has slipped from 85th to 99th position in the ‘Doing Business’ rankings, compiled by the World Bank Group.
The latest rankings were published in the World Bank Group’s ‘Doing Business 2015’ report.
The Doing Business report, measures regulations affecting eleven areas of the life of a business in 189 countries.
Ten of these areas are included in this year’s ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
Doing Business also measures labour market regulation, which is not included in this year’s ranking.
Singapore has claimed top spot in the doing business rankings while New Zealand and Hong Kong have been ranked second and third respectively.
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