国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

World Bank upgrades PNG's position on Ease of Doing Business Index

Source: Xinhua| 2018-09-04 13:41:30|Editor: Yurou
Video PlayerClose

SYDNEY, Sept. 4 (Xinhua) -- Stability in government and updating of legislative reforms have seen Papua New Guinea (PNG) shoot up the World Bank's Ease of Doing Business Index.

"Our country's ease of doing business is independently measured by the World Bank, it is a good story and if we look at the last two years, our ease of doing business has improved about 36 placings," PNG's Investment Promotion Authority (IPA) chairman Leon Buskens said on Monday.

"In 2016 PNG ranked 145 out of 189 economies. It was an improvement from prior years which was due to legislative changes and our ranking improved to 119 by 2017 and this year we further improved further 10 places to 109," he said.

Across the rest of the South Pacific region, Samoa came in at 87th place, Tonga reached 89th, Vanuatu ranked 90th and Fiji registered 101st.

According to Buskens, one of the major reasons for the improvement in conditions has been the inclusion of information communication technology (ICT) to register companies with the IPA.

"Using ICT as a platform, to make it cost effective, now we are open 24 hours 7 days a week online," he said.

This monumental change has allowed businesses from inside and outside of the country to register with the IPA in about 10 minutes.

Previously, Buskens said the process would have taken up to 51 days.

"Reviews of a lot of our policies are long outdated, policy laws for example, the National Investment Policy we have not reviewed that for the last two decades," he said.

"We are going through that and again this is to stimulate growth, the other is the Associations Act also going through the process of strengthening that."

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001374436351
主站蜘蛛池模板: 通化市| 陕西省| 平塘县| 治多县| 香港 | 霞浦县| 辽宁省| 泰宁县| 延寿县| 溧水县| 双峰县| 左云县| 广德县| 龙州县| 大邑县| 同德县| 安化县| 米易县| 瑞昌市| 武夷山市| 阿勒泰市| 濉溪县| 章丘市| 嘉祥县| 绥德县| 九龙城区| 夹江县| 桃源县| 五家渠市| 抚顺县| 宕昌县| 静海县| 武城县| 手游| 宕昌县| 黑龙江省| 东阳市| 许昌市| 怀宁县| 古田县| 唐山市|