03 Nov '11, 4am

Singapore firms more likely to offer bribes than those in Japan. Surprised?

BERLIN - Companies from Russia, followed closely by those from China, are seen as most likely to use bribery to secure foreign contracts, according to a new survey released yesterday by Transparency International. The watchdog group's Bribe Payers Index showed the two countries at the bottom of a list of 28 of the world's leading economies. Companies from Singapore ranked among the top 10 least likely to use bribes - the country shared eighth place with Britain, with a score of 8.3 on a scale of 10. This was a slight improvement on Singapore's ranking in the 2008 edition of the survey, when it came in at ninth place with a score of 8.1. Firms from the Netherlands and Switzerland were tied on top this year, with scores of 8.8, followed closely by Belgium, Germany and Japan. The survey asked 3,000 business executives how often firms they deal with from different countries en...

Full article: http://www.todayonline.com/Hotnews/EDC111103-0000081/Chin...

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