Singapore is world's best business hub: Economist Intelligence Unit report
Singapore
Singapore has the world's best business environmentfor the next five years, as per a report by a leading market intelligencegroup.
The Economist Intelligence Unit's Business Environment Rankings has named the Southeast Asian city-state as the best business destination due to its high level of economic and political stability.
Canada and Denmark are in the second and third position respectively. The United States, New Zealand and other European countries make up the top 10 list.
Only one other Asian territory finds a place in the top 10 - Hong Kong. The Special Administrative Region of China, a traditional rival of Singapore, occupies the seventh position.
"Our ranking shows that North America and western Europe remain the best regions in the world to do business," Economist Intelligence Unit report quoted Prianthi Roy, country forecast manager and Europe analyst, as saying.
While Singapore and Hong Kong are the only Asian territories in the top 10, several Asian countries have moved up in the rankings.
&im=FitAndFill=(700,400))
How fast can the Sukhoi Su-30 fighter jet really fly?
)
NBA fines LA Clippers $30 million for salary cap violation involving Kawhi Leonard
)
Earth-Theia collision created the moon in just 5 hours, study shows
)
Nigerian Navy discovers 99,000 litres of suspected stolen, illegally refined products as it intensifies anti-crude oil theft operations
)
Who is Aditi Paudel? 17-year-old becomes Japan's first literacy ambassador
)
Man pushes Russian humanoid robot. Watch what happens next
&im=FitAndFill=(700,400))
Why US tanks can spin their heavy turrets much faster than Russian tanks
)
Nobel laureate Machado says Venezuela’s ‘illegitimate’ regime has no right to strike US oil deal
)
Netherlands shifts 86 tonnes of gold reserve to UK citing geopolitical risks
)
‘El Nino is being supersized’: UN warns of record heat and extreme weather
)
Breaking | Vance takes the podium: First White House briefing since Leavitt's exit
)
Indian Air Force pilot Abhinandan Varthaman, who shot down Pak fighter jet retires, takes up private job
)
WION Exclusive: Hasina says she reads father’s unfinished memoir while planning Dhaka return
)
Inside Iran's shadow fleet: How Tehran dodges the US blockade at sea
&im=FitAndFill=(700,400))
Why the Su-30MKI uses a giant air brake on its back instead of its wings
)
Bangladesh batter Towhid Hridoy creates history with 350 not out in South Africa
)
Gandhari review: Taapsee Pannu’s thriller is too dramatic to work
)
‘I wouldn’t call it a war,’ says JD Vance on ongoing conflict with Iran
)
Iran's army conducts drone & missile attack on US bases
)
ISRO EOS-05 launch: GSLV to lift heaviest payload in its 25-year flight history
)
Husband uses secret camera to record wife’s affair, wins divorce case, ends up in jail for spying
)
At least 2 killed in Minneapolis shooting, suspect also dead
&im=FitAndFill=(700,400))
Why Russian fighter jets use bulky, low-pressure tyres compared to US jets
&im=FitAndFill=(700,400))
Why US tanks weigh over 20 tons more than Russian tanks
)
Major AI platforms ChatGPT, Claude, and Grok hit by simultaneous service disruptions
)
NATO troops gather in Arctic, Russia threatens nuclear retaliation
)
Manipur violence: 25 houses torched in Manipur’s Kangpokpi a day after 10 homes were burnt along Imphal-Tamenglong road
&im=FitAndFill=(700,400))
New Friday OTT releases (September 4, 2026): GDN, Dhamaal 4, Jagamae Sangeetham- Watch 6 new movies and TV shows on Netflix, Prime Video and more
)
Iran attacks US bases in Kuwait & UAE, supersecret missile project in focus | Gravitas
)
Influencer shows off what he claims is Apple's first foldable iPhone 18 Ultra
Vietnam is the biggest gainer, climbing 12 spots in the latest rankings. Thailand has risen 10 places since 2022 while India has managed to move up six places.
Vietnam, in particular, has fared so well due to companies pursuing the policy of having an alternate supply chainin Vietnam. With favourable investment policies and competitive labour costs, Vietnam is being seen as an alternate manufacturing hub to China.
With a stringent zero-Covid policy that ended only last yearand the consequent economic distress, it comes as no surprise that the biggest loser in this year's rankings is China.
"The outlook for China’s business environment has deteriorated as a result of greater policy uncertainty, US-China tensions and a more challenging longer-term outlook for growth," the report noted.
China, the report said, now ranks below Malaysia, Thailand, Vietnam and India for doing business.