Singapore grabs crown as world's best place for business

Its 8th straight year on the top.

According ro Reuters' report, the World Bank said on Monday that its scorecard on the ease of doing business around the world has spurred thousands of regulatory reforms in the past decade, pushing back against critics who argue the national rankings stigmatize rather than inspire.

In its latest "Doing Business" report, the bank said Ukraine was the country that has improved the most over the past year in making it easier to run a business, while Rwanda was most improved since 2005. Singapore retained its No. 1 spot in overall rankings for the eighth straight year, followed by Hong Kong, New Zealand and the United States.

Read full report here.

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