May 22, 2014

    S'pore the best place to do business ...again

    SINGAPORE held on to the top ranking as the best place in the world to do business, and is set to remain the world's most investor-friendly location until 2018, the Economist Intelligence Unit said.

    Switzerland and Hong Kong retained the second and third positions, the research organisation said in a statement yesterday.

    Other top-10 regions included North America and Scandinavia, the statement said.

    Favourable policies in finance and foreign investment helped Asian countries retain their top rankings.

    In East Asia, competition between cities to become hubs for international finance, manufacturing and logistics drove improvements in the business environment, the study said.

    The study measured political risks as well as business operating costs, including taxes, financing and labour costs.