Dhaka slips one step in doing business ranking

Bangladesh has slipped to 177 from 178 among 190 economies in the latest tally of the ease of doing business prepared by the World Bank.
The Doing Business 2018 report, released Tuesday night, revealed the scenario. The World Bank report covered the period from June last year to June this year.
Of the 10 major pillars of the overall index, Bangladesh drastically eroded its position in 'starting a business.' The country's rank dropped to 131st in this category this year from 122nd last year.
The report, based on data from Dhaka and Chittagong, identified the greater business environment in the country.
Bangladesh, however, improves its positions on 'dealing with construction permits', 'getting electricity', 'registering property', 'paying tax' and 'resolving insolvency' pillars.
Country's position remains unchanged in four other pillars namely: 'getting credit', 'protecting minority investors', 'trading across borders' and 'enforcing contracts'.
India, which was in 130th position last year, jumps to 100 among the 190 countries in this year's report.
In South Asia, unlike the past year, Bangladesh is only ahead of Afghanistan which ranked 183rd.
New Zealand tops the list, followed by Singapore, Denmark, South Korea, Hong Kong, the United States, the United Kingdom, Norway, Georgia and Sweden. The theme of this year report is 'reforming to create job.'

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