Date: October 26, 2016
Taiwan’s improving business climate saw it maintain 11th place among 190 countries in the Doing
Business 2017 survey released Oct. 25 by Washington-based World Bank.
With an overall score of 81.09, up 0.01 of a point from the previous year, Taiwan ranked fifth in the Asia-Pacific behind New Zealand, Singapore, Hong Kong and South Korea. The top three global spots went to New Zealand, Singapore and Denmark in that order.
Among the 10 categories covered by the annual report, Taiwan fared best in getting electricity. With a score of 99.44 out of 100, it maintained second place globally behind South Korea.
The survey credited the country’s high ranking in this category to measures adopted in the past two years by state-run utility Taiwan Power Co. and municipalities eliminating site inspections and simplifying the procedure for obtaining excavation permits.
Taiwan also did well in dealing with construction permits, up three places to its best ranking of third in the world, and outperforming all other economies in the Asia Pacific region. [FULL STORY]