Standards and Regulation in Singapore

Singapore significantly ranks number 1 out of 183 in the World Bank’s Ease of Doing Business Index (2010). Achieving the highest ranking on the Ease of Doing Business Index means the country’s regulatory regime is the most conducive in the world to the starting and operation of businesses. Many of Singapore’s business sectors are open to unlimited foreign participation. The principle regulatory bodies in the country include the Singapore Exchange, the Monetary Authority of Singapore (MAS), Infocomm Development Authority of Singapore (telecoms regulator), and the Competition Commission of Singapore. Singapore is a member of the International Organisation for Standardisation, and the Standards, Productivity and Innovation Board is the coordinating bureau for standards.