Singapore still No. 1 in World Bank's business-friendy list

[SINGAPORE] Singapore has once again taken pole position for being the most business-friendly country for the eighth year, ahead of Hong Kong and New Zealand, which remained second and third respectively.

The Republic's trading platform, TradeNet, was also singled out by the World Bank and the International Finance Corporation (IFC) as an example of "global good practice".

In the World Bank's annual ranking which assesses 189 economies using 10 indicators, Singapore ranked first for trading across borders, second for protecting investors, and third for starting a business, dealing with construction permits and getting credit.