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More robust laws will help, not hurt, Singapore’s business-friendly reputation

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Published Thu, Apr 11, 2024 · 05:00 AM
    • Singapore's pro-business reputation has been instrumental in helping it attract a sizeable amount of investment year after year.
    • Singapore's pro-business reputation has been instrumental in helping it attract a sizeable amount of investment year after year. PHOTO: BLOOMBERG

    BEING a country known for its business-friendly environment has its perks but is not without peril, as recent high-profile criminal cases in Singapore have shown.

    Up till 2020, Singapore placed second in the now-defunct Doing Business ranking published by the World Bank. In terms of the ease of starting a business, Singapore ranked fourth, behind overall chart-topper New Zealand, Georgia and Canada.

    On one hand, this pro-business reputation has been instrumental in helping Singapore to attract a sizeable amount of investment year after year.

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