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S’pore still the easiest place to do business

Posted on 10 Sep 2009 | Comments Off on S’pore still the easiest place to do business

World Bank ranks the Republic top for the fourth time in a row

SINGAPORE has been ranked as the easiest place in the world to do business for the fourth time in a row.

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According to the World Bank’s seventh annual Doing Business report on 183 economies, the Republic yet again pipped New Zealand, Hong Kong and the United States to the top place.

The latest version of the report published yesterday shows the top 10 were unchanged from the previous year, with the exception of Britain, which traded places with Denmark to rise from sixth to fifth place. Continue reading →

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S’pore is 3rd most competitive economy

Posted on 10 Sep 2009 | Comments Off on S’pore is 3rd most competitive economy

It climbs up two notches from last year in WEF survey

Singapore is the third most competitive economy, according to the latest survey by Geneva-based World Economic Forum (WEF) released yesterday.

It climbed up two notches from last year. The boost came from increased confidence in the country’s public institutions, efficient markets for goods and labour, and high-quality financial markets.

In the Global Competitiveness Report 2009-2010, the poll was conducted on 13,000 business leaders. They were asked to rate 133 countries on good government; transport and telecommunications infrastructure; openness to innovation; intellectual property protection; and availability of talent.

Switzerland overtook the United States for the top place, nudging the latter to second position.

The US lost its title as the most competitive economy in the world, as its financial markets have weakened while economic stability could be undermined by its fiscal deficits. Continue reading →

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