Thailand is ranked18 th among countries with most business-friendly regulations, dropping a notch from two years ago, according to a recently announced survey conducted by the World Bank (WB).

According to the survey, conducted on 189 countries worldwide, Singapore is still the country with the highest score on the ease of doing business index, followed by Hong Kong .

The index is based on the study of laws and regulations of a country and how much a country can support business growth, starting from getting a business licence and registering property to protecting investors and paying taxes.-VNA