Singapore has retained its top spot in the World Bank’s ranking of the best countries to do business in, while China and the UK both improved their positions.
The UK rose to eighth place from 10th, swapping with Finland which dropped to ninth, but the rest of the top 10 remained the same, with the US staying put in at seventh.
China improved its ranking by three spots, after the World Bank rated the world’s second-biggest economy as the 90th best place to do business. Japan, however, slipped two spots to 29th, according to the report.
Overall, the Doing Business 2015 report showed that it is becoming easier to business across the world overall, including advanced economies and those considered to be emerging and frontier economies.