Thursday, September 11, 2008

Best Place to do Business is Singapore

Singaporean business owners rejoice. For the 3rd year in a row, Singapore had kept it's top ranking for being the easiest place in the world to do business. This ranking is done by World Bank. Among the 10 easiest business environment are: Hong Kong, Denmark, Britain, Ireland, Canada, Australia and Norway.

A report is carried out examining regulations, affects by regulations on an overall. Efficient rules, easy to use, accessibility are part of what makes the economy works. Singapore also ranked first when it comes to trading internationally and employment of workers. And it ranked second after New Zealand on protecting investors doing business as well as closing of business.

The worst in the list right at the bottom was Democratic Republic of Congo. China led the way for being large emerging markets. Saudi Arabia made the top for emerging economy in Middle East, moving up to spot 16 from 24 the year before. Japan had held steady at number 12 from last year whereas Germany had fallen to 25th spot from 20.

Congratulations Singapore!

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