Oct 302014

world's top business location

Singapore was ranked first by the World Bank in terms of the ease of doing business, with the lender measuring national stipulations and obstacles and their impact on entrepreneurial activity.

“Regulations determine how easy it is to start a business, the speed and efficiency with which contracts are enforced and the paperwork needed for trade,” World Bank Chief Economist Kaushik Basu said in a statement while explaining some key factors in the ranking.

Another Asia-Pacific nation, New Zealand came in second in the ranking, with Hong Kong, Denmark, the US and the UK also among the leading 10 nations this year.

Contributed By Sonia Narula

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