Thailand ranks 18th out of 189 countries for the ease of doing business, unchanged from last year, said the World Bank. Reducing the tax rate in terms of social security contribution helps local entrepreneurs, as the move lets them shoulder less of the tax burden. The country falters, however, in the area of starting a business. The World Bank’s senior economist for Thailand urged the country to adopt a new model economic development, stressing enhanced human resources and value-added products and services
