Singapore maintains ranking as best place in the world to do business

Singapore remains the best place in the world to do business, according to the Economist Intelligence Unit’s annual survey released on November 19. Singapore has topped the ranking for seven consecutive years. The survey ranked Malaysia 19th, Thailand 34th, the Philippines 53rd, Indonesia 56th, and Vietnam 59th. Singapore also topped the World Bank’s Ease of Doing Business report released in October.