Doing Business 2010: Indonesia, China and the Philippines among countries noted for at least one reform

Earlier today, the World Bank released its annual Doing Business report, which tracks business regulation reforms and ranks emerging economies on the “ease of doing business.” In East Asia and Pacific, 71 percent of the countries have undertaken at least one positive reform – with Indonesia being the region’s most active reformer, according to the report (pdf). Among other things, Indonesia cut the time required to start a business and the number of days to transfer a property.

Other East Asian and Pacific countries noted in the report for reforms include:

• China, which ranks 89th overall, and made it easier for domestic firms to trade by relaxing rules on trade credit.
• The Philippines, which introduced new insolvency rules to make it easier to reorganize firms.
• Fiji, Papua New Guinea, Samoa, Tonga, and Vanuatu, which reformed in areas including starting a business, getting credit, paying taxes, and enforcing contracts.

If you’re interested in further examining the Doing Business report’s rankings, I’d recommend taking some time to check out their rankings page. From there, you can easily sort the findings by country, region, or any of the 10 indicators used in the report.