Published on 31st October 2017
Brunei has made significant progress in the World Bank's Doing Business Report 2018, climbing from 72nd to 56th out of 190 global economies. This marks the largest year-on-year improvement in the distance to frontier score for the second consecutive year. Major reforms, including the Secured Transaction Order and the i...
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Brunei's leap from 72nd to 56th in the World Bank's Doing Business Report is not just impressive; it's a testament to how reforming regulations can transform a nation's business landscape! With the introduction of the Collateral Registry System, businesses can now use movable assets as loan collateral, making financing more accessible. Talk about a game-changer in ASEAN!
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