Top-20 improvers in Doing Business 2020
Myanmar implemented five initiatives that enhanced its business environment. The city of Yangon strengthened construction quality control by imposing stricter qualification requirements for architects and engineers and invested in its water and sanitation infrastructure. Nationally, Myanmar launched an online company registry platform, thereby merging several procedures and reducing the need for in-person interaction. Myanmar also made property registration faster by streamlining deed registration and appraisal. In addition, Myanmar courts started publishing performance measurement reports, and a new company law strengthened minority investor protections by mandating greater disclosure of transactions with interested parties, increasing director liability and requiring greater corporate transparency.