Singapore no 1 business city

Singapore no 1 business city

SINGAPORE (DPA): International business magazine Fortune has ranked Singapore as Asia's top city for doing business, magazine staff said Tuesday.

Singapore moved up to the top slot in 1998 from third place a year ago, when it trailed Kuala Lumpur and Sydney.

This year, Singapore was followed by Tokyo, then Osaka, Hong Kong, Auckland, Sydney and Melbourne.

The ranking of 25 cities, published in the magazine's latest issue, was based on 37 factors such as corruption-free government, education spending and the extent of personal computer ownership.

Singaporeans' relentless drive for self-improvement and the government's attention to detail were the main reasons that the city had prevailed, Fortune said.