Singapore remains world's most business-friendly location: EIU

Singapore "looks set to remain the world's most investor-friendly location in 2014-2018, retaining its number-one spot from the 2009-2013 period", said the research and analysis unit of The Economist Group, which also produces the eponymous weekly ma
Singapore "looks set to remain the world's most investor-friendly location in 2014-2018, retaining its number-one spot from the 2009-2013 period", said the research and analysis unit of The Economist Group, which also produces the eponymous weekly magazine. -- ST PHOTO: NEO XIAOBIN

SINGAPORE - The Lion City has retained its position as the best country in which to do business, according to the latest rankings by the Economist Intelligence Unit (EIU).

Singapore "looks set to remain the world's most investor-friendly location in 2014-2018, retaining its number-one spot from the 2009-2013 period", said the research and analysis unit of The Economist Group, which also produces the eponymous weekly magazine.

The Republic was followed by Switzerland, Hong Kong, Canada and Australia, the EIU said in its report released on Tuesday.

The United States came in seventh, while Britain was 22nd and Japan 27th. China took 50th place.

The EIU said Asia's top performers share several traits, including a favourable policy environment, particularly for finance and foreign investment; ambitions to become hubs for global finance, manufacturing and logistics; and flexible labour market conditions.

Infrastructure, however, remains a weak point in the region. Singapore was the only country in Asia to rank in the top 10 in the infrastructure category of the EIU rankings.