13 Nov '11, 10pm

S'pore tops survey on business regulatory environment

SINGAPORE - Singapore has again topped a survey measuring the business regulatory environment in 183 countries. The Doing Business 2012 study by the International Finance Corporation and The World Bank singled out the Republic for the sixth straight year. Singapore outperformed Hong Kong, New Zealand and the United States, which also ranked in the top five. "Singapore is an interesting case because despite being ranked No 1, it continues to improve, it continues to change," said Ms Sylvia Solf, lead author of the Doing Business Project, World Bank Group. She cited the country's consistent improvement in e-government services, setting up one-stop shops for start-ups and fast-tracking approvals for construction and building permits. But many Asian countries are keeping up through the introduction of reforms to make them more "business friendly". Overall, 125 countries implem...

Full article: http://www.todayonline.com/Business/EDC111114-0000029/Spo...

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