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Pro-business Environment |
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Singapore has been consistently ranked as one of the most competitive nations and best places for business in the world.
Rankings in the last few years include:
- One of the five least corrupt countries in the world and least corrupt nation in Asia - Political and Economic Risk Consultancy, March 2006
- Most cost-competitive place for business, KPMG Competitive Alternatives Study, 2006
- World's easiest place to do business - World Bank report "Doing Business 2007: How to Reform"
- 1st in Asia for the Quality of Government Policies - PERC, June 2006
The government is highly attuned to the needs of businesses. It regularly seeks the views and suggestions of the private sector when shaping economic strategy, such as when the Economic Review Committee set out in 2002 to recommend policy changes to strengthen Singapore's long-term growth prospects.
The Pro-Enterprise Movement solicits feedback from individuals and companies on how government rules and regulations can be made more relevant for business. Proposals can be submitted here.
EDB itself taps the insights and advice of many of the world's top business leaders, strategists and thinkers. Some serve on our International Advisory Council, while others form a worldwide network of influential people who have contributed to Singapore's growth and who act as ambassadors for Singapore as an investment location.
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