Singapore snags top spot in easiest business hubs ranking

Hong Kong comes 2 notches below.

Singapore beat other small and well-run countries like New Zealand and Hong Kong as the world's easiest places to do business, according to World Bank's annual "Doing Business" report.

Economies are ranked on their ease of doing business, from 1–189. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. The rankings are determined by sorting the aggregate distance to frontier scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. The rankings for all economies are benchmarked to June 2014.

View the full report here.

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