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Tonga leads Pacific in business regulation reform
ABC.net.au Translate This Article
30 October 2013
On 30 October 2013 ABC.net.au reported:
A report by the World Bank says Palau, Tonga, and Vanuatu are among the Pacific region's top performers in implementing business reforms over the last year. The annual 'Doing Business' report measures the ease of doing business in 189 economies across the globe. It shows Tonga is leading the Pacific region in following best practices for small and medium businesses, with a series of reforms to ease regulations. Palau has been recognized for introducing legislation to improve borrowing and making it easier for businesses to enforce contracts. Both Vanuata and Tonga have established private credit bureaus to improve access to finance, the report said.
Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.
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