Hong Kong has surpassed Singapore to become the least bureaucratic region in Asia
Published:
4 August 2004 y., Wednesday
Hong Kong has surpassed Singapore to become the least bureaucratic region in Asia, a poll of expatriates working in 12 Asian countries and regions has found, according to Wednesday's China Daily HK Edition.
Hong Kong's rating in beating red tape has leaped significantly from grade 3.11 to grade 1.9.
On the scale of bureaucracy, grades range from zero to 10. Zero is the best possible and 10 the most heavily bound in red tape.
The study was conducted by Hong Kong-based Political and Economic Risk Consultancy Ltd (PERC). The questions were based on how expatriates perceived the civil service in the Asian states in which they worked.
Singapore, rated the least bureaucratic country last year, has also improved but by a lesser degree. Its grade of 2.8 last year improved slightly to 2.5. But it slipped into second place behind Hong Kong.
Other countries and regions covered by the study were India, Indonesia, Japan, Malaysia, the Philippines, South Korea, Thailand, Viet Nam, the Chinese mainland and Taiwan.
Šaltinis:
chinaview.cn
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Parex Bankas won the tender organised by UAB Investicijų ir Verslo Garantijos regarding the financing of very small, small and medium-sized enterprises, and is to lend LTL 100 million together with other three selected banks.
more »
The European Commission has approved, under EC Treaty state aid rules, the €5 billion risk shield for German bank WestLB and accompanying measures, following an in-depth investigation opened in October 2008.
more »
MEPs have backed new rules to rebuild trust in Europe's battered banks through better financial supervision and risk management.
more »
Taking into consideration the tendencies in the market, starting from 11 May this year AB Bank SNORAS will change the interest rates on time deposits in Litas, Euro, Great Britain pounds and USA dollars.
more »
Now VW and Porsche who are looking into a merger.
more »
First European SME week supports small businesses and encourages entrepreneurship.
more »
Officials at an El Paso bank said $120,000 found at an ATM doesn't belong to the bank.
more »
The placing on the market of seal products should not be allowed say MEPs. It is permitted only where the seal products result from hunts traditionally conducted by Inuit and other indigenous communities.
more »
President Barack Obama is calling on Congress to overhaul tax policies that he said reward companies for shifting U.S. jobs overseas and allow wealthy people to evade taxes using offshore accounts.
more »
MEPs will discuss the protection of animals used for science Monday evening along with a proposal to ban the trade in seal products.
more »