Singapore ranks second in global competitiveness survey

EPA/WALLACE WOON

Container cranes of the Port of Singapore Authority silhouetted by the setting sun at the Pasir Panjang Distripark in Singapore.

Singapore ranks second in global competitiveness survey


An annual Global Competitiveness Report has ranked Singapore as the second-most competitive economy in the world (behind Switzerland), despite concerns over rising business costs, tighter labour policies and slowing growth.

The report, which is in its fifth year, was compiled by the World Economic Forum (WEF). The ranking includes 140 economies and is one of the most comprehensive assessments of its kind.

As reported by The Straits Times, Singapore was one of the most consistent performers...


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