Singapore in top rank

Singapore in top rank

SINGAPORE (AP): Expatriate businessmen in Asia have rated Singapore first among countries in the region for its response to a nearly two-year-old economic crisis, according to survey results reported Wednesday.

The survey by the Hong Kong-based Political and Economic Risk Consultancy involved 400 respondents, the Television Corporation of Singapore said.

The report provided no break down of the results or margin of error.

China and South Korea also scored high in the survey, while Vietnam, Japan and Indonesia got the lowest grades for their crisis management skills, it said.

Singapore's avoidance of market intervention and advanced development of financial markets pushed it into the top spot.

Businessmen in the survey also praised Chinese Premier Zhu Rongji's policies and South Korea's moves to restructure its financial sector.