The Economist: Singapore ranks as the world’s best business environment for the 16th consecutive year

According to the latest business environment rankings released by the British Economist Intelligence Unit (EIU) on Thursday (March 21), Singapore stood out among 82 countries and regions and became the best place to do business in the world for the 16th consecutive year. environment. This award once again highlights Singapore's excellence in the international business arena.

Singapore voted best business environment in the world

Singapore stands out in the business environment rankings, mainly due to its stable political environment, sound legal system and efficient administrative management. These factors make Singapore an ideal location to attract foreign investment and promote business development.

Performance of Denmark and other countries

In addition to Singapore, Denmark also performed well in the ease of doing business rankings, ranking second. Other top performers include Switzerland, the Netherlands and Australia. These countries have also attracted investment from many companies with their superior business environment and policies.

Hong Kong’s position in the rankings

In contrast, Hong Kong performed slightly worse in the latest business environment rankings, with its ranking falling slightly. This may be related to the recent instability of Hong Kong's social and political situation, which has had a certain impact on the business environment.

• Singapore ranks as the world’s best business environment for 16 consecutive years
• Countries such as Denmark, Switzerland, the Netherlands and Australia also performed well
• Hong Kong drops slightly in business environment rankings

Overall, Singapore, as a leader in the global business environment, provides an example worth learning for other countries. It is hoped that Hong Kong can enhance its business competitiveness through proactive policies and measures and create a better business environment for enterprises and investors.