2015年-世界发展银行全球_Doing_Business_Economy_Profile_2016___Malaysia_104页_1mb

Doing Business 2016: Malaysia Summary

Core Content Overview

The Doing Business 2016 report provides a comprehensive assessment of the regulatory environment for small to medium-sized businesses in Malaysia. It evaluates 11 key areas of business regulation, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency, and labor market regulation. The report presents data in the form of rankings and distance to frontier (DTF) scores, which measure how close an economy is to the best regulatory practices globally.

Main Points and Key Information

• Malaysia's Overall Ranking:
  Malaysia ranked 18th in the Ease of Doing Business ranking in 2016, down from 17th in 2015.

• Distance to Frontier (DTF) Score:
  Malaysia's DTF score was 79.13 in 2016, up slightly from 79.08 in 2015.

• Key Indicators:

  • Starting a Business:
    Malaysia ranked 14th, with a DTF score of 95.34. It required 3 procedures and took 4 days, costing 6.7% of income per capita.
  • Dealing with Construction Permits:
    Malaysia ranked 15th, with a DTF score of 81.1. It required 15 procedures, took 79 days, and cost 1.4% of warehouse value.
  • Getting Electricity:
    Malaysia ranked 13th, with a DTF score of 90.05. It required 5 procedures, took 32 days, and cost 30.7% of income per capita.
  • Registering Property:
    Malaysia ranked 38th, with a DTF score of 76.32. It required 8 procedures, took 13 days, and cost 3.3% of property value.
  • Getting Credit:
    Malaysia ranked 28th, with a DTF score of 70. It required 5 procedures, and the cost of credit was 7.0% of profit.
  • Protecting Minority Investors:
    Malaysia ranked 4th, with a DTF score of 78.33. It had a strength of minority investor protection index of 7.8 and extent of shareholder governance index of 7.0.
  • Paying Taxes:
    Malaysia ranked 31st, with a DTF score of 84.31. It required 13 payments per year, taking 118 hours, and had a total tax rate of 40.0% of profit.
  • Trading Across Borders:
    Malaysia ranked 49th, with a DTF score of 86.74. It took 20 hours for border compliance and 10 hours for documentary compliance when exporting, and 24 hours and 10 hours when importing.
  • Enforcing Contracts:
    Malaysia ranked 44th, with a DTF score of 66.61. It took 425 days to enforce a contract and cost 37.3% of claim.
  • Resolving Insolvency:
    Malaysia ranked 45th, with a DTF score of 62.49. It took 1 year to resolve insolvency and had a recovery rate of 81.3 cents per dollar.

Methodology and Updates

• The 2016 report includes methodological updates for several indicators:
  • Dealing with Construction Permits: Added an index of the quality of building regulation and its implementation.
  • Getting Electricity: Added a measure of electricity price and an index of supply reliability and tariff transparency.
  • Registering Property: Added an index of the quality of the land administration system.
  • Enforcing Contracts: Added an index of the quality and efficiency of judicial processes.
  • Protecting Minority Investors: Updated to include limited companies rather than only privately held joint stock companies.
• The labor market regulation indicators are not included in the overall ranking or DTF score.
• The report is based on data current as of June 1, 2015, except for the paying taxes indicators, which cover January–December 2014.

Comparative Analysis

• Malaysia's performance is compared with other economies, including:
  • China: Generally lagged in several indicators.
  • Hong Kong SAR, China: Served as a benchmark for many areas, especially in paying taxes and getting electricity.
  • Singapore: Often ranked as the best performer in several categories, including starting a business, getting electricity, and protecting minority investors.
  • New Zealand: Best performer in starting a business and protecting minority investors.
  • United Arab Emirates: Best performer in paying taxes.
  • Denmark: Best performer in trading across borders.
  • Iceland: Best performer in enforcing contracts.
  • Finland: Best performer in resolving insolvency.
  • Qatar and Luxembourg: Best performers in certain aspects of credit and tax compliance.

Conclusion

The Doing Business 2016 report highlights that Malaysia has a relatively efficient business environment, particularly in areas like starting a business and getting electricity. However, there are still areas for improvement, such as resolving insolvency and enforcing contracts. The report serves as a valuable tool for policymakers to identify regulatory bottlenecks and benchmark reforms against global best practices.