24 Mar '17, 10am

Singapore is Asia’s most competitive economy again | Finance |

According to a new report, Singapore has the most efficient administrative service in the region, and provides the most favourable business environment. For the fourth year running, Singapore has been ranked as the most competitive economy in Asia, reported TODAYonline , citing the 2016 Asian Competitiveness report. Hong Kong came in second, followed by South Korea in third place. Rounding up the top six list – which has remained unchanged for the last three years – were Taiwan, Australia and New Zealand. Asia’s biggest economy, China, was listed ninth in each of those three years, including the year before. Released at the Boao Forum for Asia Annual Conference in Hainan, China, the Asian Competitiveness report was launched in 2009, ranking 37 Asian economies including New Zealand and Australia, but excludes 16 smaller economies within the region. “Singapore had the highes...

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