Singaporean investors second most active in Asia-Pacific, RCA reports
Investors in Singapore have been ranked by Real Capital Analytics (RCA) as the second most active in Asia-Pacific, spending a total of US$4.6 billion on cross-border real estate
Singapore emerged as the second least corrupt nation in Asia Pacific, according to Transparency International’s Corruptions Perceptions Index 2017 published on Wednesday (21 February 2018)
Globally, the city-state clinched the sixth spot in the ranking, an improvement from the seventh place it held in 2016. Australia and Hong Kong were tied at the 13th spot, while United States and Japan landed at 16th and 20th place respectively.
Out of 180 countries across the globe, New Zealand topped the list, followed by Denmark. Finland, Norway and Switzerland shared the third spot.
“Countries where rule of law is respected, freedom of expression is respected, freedom of the press is respected” clinched the top spots in the rankings, noted Delia Matilde Ferreira Rubio, Chair of Transparency International.
The index scores and ranks countries/territories based on how corrupt a country’s public sector is perceived to be by experts and business executives. It combines the data of 13 surveys and assessments of corruption collected by a variety of reputable institutions in the previous two years.
Countries are rated on a scale from zero to 100. Low-scoring nations are seen as highly corrupt, while those near the highest are considered as least corrupt.
Singapore obtained a score of 84, while the top five countries garnered scores of between 85 and 89. On the other hand, Syria (14), South Sudan (12) and Somalia (9) landed at the bottom.
This article was edited by Keshia Faculin.