Author Topic: World Bank Named Singapore Easiest City To Do Business  (Read 184 times)

0 Members and 1 Guest are viewing this topic.

Offline legendguru

  • Global Moderator
  • Hero Member
  • *****
  • Date Registered: Sep 2015
  • Posts: 648
  • Karma: +1/-0
    • View Profile
World Bank Named Singapore Easiest City To Do Business
« on: October 28, 2015, 07:48:57 PM »
Loading...

Singapore retained its status for a 10th straight year as the easiest country in which to do business, while emerging markets such as China and India moved up the rankings, according to the World Bank.

Australia fell out of the top 10, dropping to 13th in the World Bank?s annual Doing Business report. It was replaced by Sweden, which had previously been ranked 11th. The U.S. remained in seventh place and Japan slid five spots to 34th place. China rose six spots to 84th, while India climbed 12 places to 130th out of 189 economies, including Hong Kong and Taiwan.

The report ranks countries based on 11 indicators such as ease of starting a business, dealing with construction permits, getting electricity and obtaining credit. The best 30 performers stand out because they have rules that allow ?efficient and transparent functioning of businesses and markets,? not because they have little regulation, the Washington-based development lender said in the report.

World Bank. 2016. Doing Business 2016: Measuring Regulatory Quality and Efficiency

The rankings have become a focus for Indian Prime Minister Narendra Modi, who has set a goal of reaching the top 50 by 2017.
Since the ranking was created in 2003, low-income countries have improved more than their high-income counterparts, according to the report.
?As they have an opportunity to look at best business practices in some of the better-performing countries in the world, they are beginning to adopt many of these practices,? Augusto Lopez-Claros, director of the global indicators group at the World Bank, said on a conference call with reporters this week.

New Zealand was ranked second, followed by Denmark, South Korea, Hong Kong, the U.K., the U.S., Sweden, Norway and Finland.

Eritrea was the worst-ranked country, behind Libya, South Sudan and Venezuela.


 

 

Dubai to Press Ahead to build World Largest Mall as oil fall slows Gulf Economy

Started by yungcrux

Replies: 0
Views: 202
Last post February 10, 2016, 10:54:03 AM
by yungcrux
London overtakes United states , rated world's leading financial centre

Started by mastercode

Replies: 0
Views: 181
Last post September 24, 2015, 04:49:38 PM
by mastercode
15 list of Most Expensive Materials In The World

Started by mastercode

Replies: 0
Views: 557
Last post August 01, 2016, 01:33:05 AM
by mastercode
Nigerian Banks release list of bank debtors that owe banks N143.81 Billion

Started by internet police

Replies: 0
Views: 307
Last post August 04, 2015, 04:45:23 PM
by internet police
Nigerian FG to establish microfinance bank, foundation for ex-service men

Started by yungcrux

Replies: 0
Views: 162
Last post November 13, 2015, 08:02:12 PM
by yungcrux
African Development Bank to bailout Nigeria from Recession

Started by mastercode

Replies: 0
Views: 296
Last post September 28, 2016, 01:14:54 AM
by mastercode
Who Wants to Know How to Chat on WhatsApp, BBM and 2GO and Still Bank N50,000?

Started by wizzyjubilee

Replies: 0
Views: 127
Last post December 07, 2015, 11:06:59 PM
by wizzyjubilee
Global business growth slips and slide as services report waning demand

Started by legendguru

Replies: 0
Views: 457
Last post March 04, 2016, 01:56:10 AM
by legendguru
Business loans: translating potential for financial success and independence

Started by mastercode

Replies: 0
Views: 511
Last post July 09, 2015, 04:43:20 PM
by mastercode
Blogging For Business Owners - Consumers product Marketing Strategies

Started by admin

Replies: 0
Views: 309
Last post September 08, 2015, 08:43:56 PM
by admin