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Singapore still best place to do business: World Bank

Washington

SINGAPORE is the best country to do business in, topping for a ninth straight year a World Bank ranking that showed improvements by the UK and China while Japan declined.

"Doing Business report measures a slender segment of the complex organism that any modern economy is," said World Bank chief economist Kaushik Basu in a forward to the report.

"An economy can do poorly on 'Doing Business' indicators but do well in macroeconomic policy or social welfare interventions." The scores measure the operating environment for a business, including how easy it is to start a company, to transfer a property or resolve a commercial dispute; the time and cost of clearing imports and exports through...

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