29 Oct '13, 3am

Singapore tops World Bank ‘Doing Business’ ranking; India slips to 134th

Singapore tops World Bank ‘Doing Business’ ranking; India slips to 134th

Washington: Malaysia advanced for the first time into a top 10 ranking of nations the World Bank deems friendliest to businesses as Singapore led the annual competitiveness scorecard for an eighth straight year. Malaysia vaulted to sixth from 12th a year ago after easing procedures for registering a company, applying for a construction permit and getting electricity, the bank said in its 2014 Doing Business report. Rounding out the top five after Singapore were Hong Kong, New Zealand, the US and Denmark, unchanged from a year ago. China slid five spots to 96th, while the UK dropped to 10th from seventh. Governments play a crucial role in supporting a dynamic ecosystem for firms, the Washington-based lender said in the report. Without good rules that are evenly enforced, entrepreneurs have a harder time starting and growing the small and medium-size firms that are the engin...

Full article: http://www.livemint.com/Politics/dzX6rrlh4ddp2h2lzqLQML/S...

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