Singapore kept its position as the world's second-most competitive economy this year despite concerns over rising business costs, tighter labour policies and slowing growth.
This is the fifth year running that Singapore has come in second behind Switzerland, which stayed in pole position in the annual Global Competitiveness Report, compiled by the World Economic Forum (WEF). The ranking of 140 economies is seen as the most comprehensive assessment of its kind.
Image: Shoppers at the Shoppes at Marina Bay Sands.ST PHOTO: KUA CHEE SIONG
