Singapore Slips But Retains Potential

BMI's updated Business Environment Ranking for the automotive industry sees Singapore slip one place to joint fifth as its composite score falls one point to 36, based on a one-point reduction in its political risk rating. Despite a lack of domestic production in the automotive industry, a relatively low vehicle ownership rate and an ideal location to act as a regional re-export hub make Singapore attractive to would-be investors. The business environment is also the least corrupt in Asia, according to Transparency

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