23 Oct '12, 6am

Singapore named best country to do business again

Singapore named best country to do business again

FOR the seventh year running, Singapore has been ranked the easiest place to do business in the world, according to a new World Bank report. Some of the other countries with similar business friendly regulations include Hong Kong, China, New Zealand and Korea. The report entitled Doing Business 2013: Smarter Regulations for Small and Medium Size Enterprises also found that the ease of doing business in developing countries is at a 10-year high. Sweeping regulatory reforms implemented by 180 economies in the past decade have yielded these results. For example, the average time needed to start a business has fallen from 50 days to 30 days in the past five years.

Full article: http://www.straitstimes.com/breaking-news/money/story/sin...

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