Guess who topped the ranking and beat Hong Kong?
The city’s bureaucracy is the second best or most efficient in Asia, according to a report by the Political & Economic Risk Consultancy Ltd (PERC).
Hong Kong was rated 3.53 on a scale of 10, with 10 being the worst.
Singapore, the leader, was rated 2.25. Thailand with a rating of 5.25 took third. India was last on the list of 12 countries.
The rankings from best to worst:
PERC is a consulting firm specializing in strategic business information and analysis for companies doing business in East and Southeast Asian countries. Based in Hong Kong, PERC produces a range of risk reports on the countries of Asia, paying special attention to critical socio-political variables like corruption, intellectual property rights risks, labor quality and weakness of individual Asian countries.
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