Thailand named best country to start business for second year running, Malaysia comes second

BANGKOK (The Nation/ANN): Thailand was named the best country to start a business for a second year by US News, Wuttikrai Leeveeraphan, director-general of the Commerce Ministry’s Business Development Department, said on Tuesday (Aug 25).

“US News & World Report recently released the names of best countries to start a business and Thailand topped the list for a second year running, ” he said.

According to US News, the ranking draws from results of a global perceptions-based survey and ranks countries based on scores from nearly 6,000 business decision-makers in a compilation of five attributes: affordability, bureaucracy, low manufacturing costs, connecting with the rest of the world and easy access to capital.

“Starting a business in Thailand takes six days and five procedures, according to the World Bank. In 2019, Thailand made starting a business cheaper by introducing fixed registration fees, ” US News said in its website.

Following Thailand are Malaysia, China, Singapore, India and the Philippines.The list can be viewed at

Separately, the World Bank’s 2020 Doing Business list ranked Thailand 21st for overall business practices and 47th for starting business.

The five procedures for starting a business in Thailand include: reserving a company name, putting capital in a bank, registering for new company, registering for value added tax and submitting employee registration. – The Nation/Asia News Network


Bridging the divide between Thai crafts and daily life

KUALA LUMPUR, Aug 19 — Inherited through generations of an ancestral lineage, arts and crafts from Thailand have their own unique and distinctive values deeply embedded within the efforts that have been used to preserve them.

Thailand has long since recognized the importance of preserving their arts and tradition, and how this importance correlates with their rapidly expanding tourism industry.

“Thai arts and crafts have been passed down through many generations, and the importance of preserving this custom shall not be overlooked by everyone.

“While efforts to preserve this heritage have been ongoing for a while now, further efforts to promote the values of our tradition can go a long way to ensure the presence of Thai arts and crafts in our daily lives,” said Thai Ambassador to Malaysia, Narong Sasitorn, in a statement today.

Against a backdrop of a paradigm shift where technology and digitalisation are rapidly becoming a part of daily norms, it is also pivotal that we ensure an upkeep of the intrinsic values related to the presence of arts and crafts among our current generation.

Should you be interested in these arts and crafts from Thailand, Loyfar Artisan Pewter and Ginger Home Malaysia have made it possible to procure these avant-garde and distinctive Thai artisan pieces without the hassle of travelling to Thailand.

Loyfar Artisan Pewter incorporates free-form shapes with delicate jewellery-crafting skills to create the finest functional works of art in pewter from the northern region of Thailand.

They have stores located in Bangsar Village II, Kuala Lumpur and Sogo Mid Valley Southkey, Johor Bahru, as well as numerous stores throughout Thailand.

Situated at Bangsar Village, Kuala Lumpur, Ginger Home Malaysia is an extravagant Asian-Scandinavian lifestyle fashion brand which curates and combines the finest works of art from Thailand and other countries. — BERNAMA